
MORPHO
Morpho price
₺55.9152
+₺1.4530
(+2.66%)
Price change for the last 24 hours

Morpho market info
Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
All-time low
Lowest price a coin has reached in its trading history.
Market cap
₺17.41B
Circulating supply
310,632,325 MORPHO
31.06% of
1,000,000,000 MORPHO
Market cap ranking
83
Audits

Last audit: Sep 26, 2022, (UTC+8)
24h high
₺57.0832
24h low
₺53.3338
All-time high
₺200.04
-72.05% (-₺144.13)
Last updated: Nov 21, 2024, (UTC+8)
All-time low
₺23.7550
+135.38% (+₺32.1603)
Last updated: Nov 21, 2024, (UTC+8)
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Morpho Feed
The following content is sourced from .

Evan Mann
He ain’t heavy, he’s my brother, man @0xMarcB


Marc, the Degen CEO of Polygon Labs (💜,⚔️, ※)
Very few people know the @katana origin story so this is a great opportunity to share it. I'll also point out what is right and wrong in the thread to ensure future content from @DefiIgnas and other content creators is accurate.
TLDR;
• Agglayer needed a chain with deep liquidity, which required specialization that Polygon PoS (as with every other general purpose chain) could not provide.
• Katana started being incubated more than 12 months ago, and the idea of VaultBridge came from that incubation.
• VaultBridge was proposed to be used for Polygon PoS but was rejected. Now, at least 10 teams are being onboarded to use VaultBridge as a highly desirable product.
• Katana has start strong with $170M after the public learned about his chain only 3 weeks ago.
• Polygon PoS is focused on payments and RWAs with massive growth in stablecoins every month, consistent onboarding of new payment and RWA use cases across the globe and technical change that is leading to over 5,000 TPS in capacity this year alone.
Katana Origin and Tied to Agglayer and PoS
Turning to the origin story of Katana and its necessary connection to Agglayer. It began being incubated at Polygon more than a year ago. It started with two important realizations: (1) Agglayer needed a deep liquidity hub to ensure all chains on Agglayer could tap into liquidity easily and efficiently, and (2) general purpose blockspace had become commoditized.
To provide deep liquidity on Agglayer, we knew a new chain was needed. This is because a chain focused on creating deep liquidity needs to be highly specialized and opinionated like Katana. Polygon PoS could not serve that purpose (just see the Katana architecture vs the Polygon PoS architecture). As a result, Katana needed to come to life. It turns out that once we started thinking about deep liquidity from first principles, we realized that to achieve that deep liquidity in a permissionless way, we'd also need to create sustainably higher yields to incentivize on a continuous basis that deeper liquidity. We also realized that a partner with deep expertise in liquidity provisioning would be important, which is when GSR joined to incubate Katana with Polygon Labs.
As we went down the road of exploring yields for Katana, the idea of VaultBridge came about. It had not yet been named that way. It became clear quickly that it was a product that could be available not just to Katana, but to many chains, including Polygon PoS. The Polygon PoS community rejected using it. Now, at least 10 teams are being onboarded to use VaultBridge as a highly desirable product from Polygon.
As part of the process for deciding core apps on Katana, we approached the teams we thought could be most successful in their category, which includes, for lending, Aave and Morpho. After months of discussions and aggressive bids from both of them, we chose to work with Morpho. This understandably upset Aave. We chose for the chain that was intended to have the deepest liquidity in all of crypto to use their biggest threat, Morpho.
A month later, a proposal was made to use VaultBridge (again not named this at the time) for Polygon PoS. Aave decided to use this proposal as a way to counter-attack the incubation of Katana that excluded them. This resulted in Aave choosing to leave Polygon PoS entirely. However, that did not happen. Aave had not put effort into growing on Polygon PoS. for years. This continued that trend with more focus on withdrawing assets out of Polygon PoS. Thankfully, great teams like Morpho and Fluid came to build on PoS and started attracting significant TVL.
Now, Katana has launched pre-deposits with over $170M after only 3 weeks of its public reveal. It is a good start, attracting valuable DeFi assets and continuing an upward trajectory.
But where does that leave Polygon PoS? Going back to our realization that general purpose blockspace had become commoditized, Polygon PoS was no different. When we analyzed where Polygon PoS was strongest, we realized that it was already a leader in payments and RWAs. We also realized that we could build blockspace more valuable for payments and RWAs if we focused only on that. This also allows us to focus on building tooling and other things around the chain for those use cases. This has been one of our better strategic moves. It has allowed us to focus engineering resources on specific areas that need to improve and human resources on those use cases as well. It has increased velocity in these areas around business deals getting done too.
This now leave Polygon positioned to dominate payments and RWAs with a chain focused on it with all value accruing back to POL holders. Katana gives a deep liquidity hug for Agglayer that attracts new chains but also feeds all existing chains. This'll drive significant cross-chain volumes tapping into the Katana liquidity, which will drive significant fees that will accrue back to POL holders. It also resulted in the creation of VaultBridge, which is a product that has increased interest in Agglayer even more. And then Katana itself will be independently successful as KAT holders drive value to themselves using vKAT, while also airdropping 15% of the supply to KAT holders.
What @DefiIgnas gets right
✅ Katana is an opinionated DeFi chain that optimizes for yield and liquidity
✅ Katana has a set of core protocols that allow for a concentration of liquidity in them
✅ Katana has a token named KAT with a voting token named vKAT that allows for directing emissions to protocold and earn fees from them
This dynamic allows KAT/vKAT tokens to be used for bribery
✅ Katana deposits (though not closed yet) are over $170M after the public learned about his chain only 3 weeks ago
✅ Katana is part of the trend of "Vaultization" that allows for isolating risk in a simpler code base with no monolithic governance.
What @DefiIgnas gets wrong
❌ Katana is an L2, not an L3
❌ Katana did not launch because the Polygon PoS proposal was rejected. It is mostly the opposite, which is that Katana led to the creation of VaultBridge that was proposed for Polygon PoS.
❌ Aave has not left Polygon. But Morpho and Fluid are growing much faster there.
❌ Katana is not a compromise or second-best option. As laid out in the reasons for Katana existing, it is actually a necessity.
More details on the transformation of Polygon and origin of Katana:
273
0

insomniac
maybe i’ll make an update to this.
syrup, mkr, aave and a few others look really good.

insomniac
defi projects on my radar:
aave - new tokenomics
mkr - sky + juicy revenue
fluid - smart debt lp
morpho - permissionless mkts
syrup - good rwa yield + growth
ondo - main rwa narrative + chain
ena - stablecoin + basis + institutional + chain
pendle - yield mkts
royco/concrete/veda - vaults everywhere
level - stablecoin restaking
babylon - btc yield soon?
etherfi/LBTC/others.. - lsts
elixir/usual/resolv/resupply - stablecoins
+ many more...
prob good to spend the next month or so deep diving into these and more.
9.6K
15
Convert TRY to MORPHO


Morpho price performance in TRY
The current price of Morpho is ₺55.9152. Over the last 24 hours, Morpho has increased by +2.67%. It currently has a circulating supply of 310,632,325 MORPHO and a maximum supply of 1,000,000,000 MORPHO, giving it a fully diluted market cap of ₺17.41B. At present, Morpho holds the 83 position in market cap rankings. The Morpho/TRY price is updated in real-time.
Today
+₺1.4530
+2.66%
7 days
+₺2.0469
+3.79%
30 days
-₺4.1452
-6.91%
3 months
-₺6.1644
-9.93%
Popular Morpho conversions
Last updated: 06/25/2025, 14:48
1 MORPHO to USD | $1.4155 |
1 MORPHO to TRY | ₺56.0798 |
1 MORPHO to PHP | ₱80.3601 |
1 MORPHO to EUR | €1.2188 |
1 MORPHO to IDR | Rp 23,057.50 |
1 MORPHO to GBP | £1.0396 |
1 MORPHO to CAD | $1.9439 |
1 MORPHO to AED | AED 5.1982 |
About Morpho (MORPHO)
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Latest news about Morpho (MORPHO)

Crypto Lending Platform Morpho V2 Brings DeFi Closer to Traditional Finance
Morpho V2 delivers market-driven fixed-rate, fixed-term loans with customizable terms to meet the demands of institutions and enterprises.
Jun 12, 2025|CoinDesk

Polygon, GSR Release Katana Network Tackle DeFi Fragmentation
Katana aims to improve blockchain liquidity — including lending, trading, and yield bearing strategies — by integrating with popular apps like Sushi and Morpho.
May 28, 2025|CoinDesk
Morpho FAQ
How much is 1 Morpho worth today?
Currently, one Morpho is worth ₺55.9152. For answers and insight into Morpho's price action, you're in the right place. Explore the latest Morpho charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Morpho, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Morpho have been created as well.
Will the price of Morpho go up today?
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The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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