Morpho TVL Up 150% Since its Token Launch

Morpho Protocol, the third- biggest lending protocol by assets held in smart contracts, is at a new all-time high total-value locked (TVL) of $3.65 billion, a 150% increase since its token launch. The protocol, which launched in 2022, grew by over 400% through 2024, and launched its native token in November. The MORPHO token is up by 95% to $2.35 from its launch price of $1.2, or a $1.2 billion valuation. The token rose as high as $3.65 on Jan 5. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io