The traditional lending pool is like a “crowded public reservoir,” with idle capital rates often exceeding 20%; MORPHO's P2P mechanism is a “precise water delivery pipeline”—directly matching lending needs through smart contracts, allowing borrowers to enjoy low interest rates of 4-5% (saving 25-30%), while lenders receive 5-6% APY, with zero fees for usage. This disruptive innovation has allowed it to quickly break out from a competitive track.
From financing to ecosystem, building barriers step by step: Seed round starting at 1.35M in 2021, 50M strategic round led by Ribbit Capital in 2024, totaling 69.35M in financing far exceeding Compound (33M) and Euler ($40M); a16z provides technical guidance to optimize matching algorithms, Coinbase Ventures assists with compliance layout, and Pantera Capital imparts full-cycle investment experience, top-tier resources accelerating ecosystem maturity.
Market performance is exceptionally resilient: Issued on November 1, 2024, reaching an ATH of 4.17 in January 2025, the current price of 2.07 has increased by 107%, with a market cap of 1.07B; TVL surged from 183M in 2023 to 8.15B (a 44-fold increase), maintaining the second position in lending and becoming a core asset for institutional allocation.
Multi-chain layout has shown significant results: Ethereum (55% TVL) supports Coinbase's $837M lending business, while the Base chain (26% TVL) has doubled its users and become a growth engine. New hotspots continue to emerge: JPMorgan uses it for on-chain lending with JPM Coin, SocGen promotes a MiCA-compliant pool, and physical uranium RWA cooperation connects commodities on-chain; in the future, Arbitrum/Optimism L2 deployment is imminent, combined with a market test of token circulation rate rising from 23.5% to 70%, opportunities and challenges coexist but the long-term outlook is positive!
Simple sharing, does not constitute any investment advice.
#Morpho #DeFi基础设施 #TradFi融合 #RWA代币化 #L2生态 @Morpho Labs 🦋 $MORPHO
