Morpho

Today's state: Morpho is trading at $1.91 with a $1.2 billion market capitalization (rank #123). The price moved +5.47% over the past 24 hours and is +1.43% over 7 days; the 30-day move stands at -13.99% and the 90-day at +24.84%.

Position vs cycle: Down more than 50% from its record, the asset is in a drawdown deep enough that price has tended to be driven by narrative and liquidity flows rather than a mechanical pull back to the mean.

Volatility and structure: 30-day realized volatility of 76.2% annualized is high for an asset this size. Our composite multi-horizon Price Strength reads Neutral (52/100), with a mixed multi-horizon profile and no clear directional bias.

Beyond Bitcoin, MORPHO's 90-day return correlations to the other two largest layer-1 references help characterize whether the asset moves as part of a crypto-market beta complex or as something more idiosyncratic. The Pearson correlations across daily log returns:

• Bitcoin reference: +0.55 — a moderate positive relationship.
• Ethereum reference: +0.56 — a moderate positive relationship.
• Solana reference: +0.51 — a moderate positive relationship.

High correlation across several references usually means the asset is mostly crypto-market beta: when BTC, ETH and SOL move, it moves too, and independent alpha is hard to find. Low or negative readings point to its own drivers — project-specific news, intra-crypto sector rotation or narrative shifts — that can decouple it from the broad market.

Morpho (MORPHO) is a cryptocurrency, traded on global digital-asset markets. It trades at $1.91 as of the latest update, with a 24-hour move up 5.47%, placing it at rank #60 by market capitalisation among all listed digital assets. Morpho's current market cap stands at $1.24B, a figure used by traders, analysts and institutional desks to gauge relative liquidity and risk exposure across the crypto market.

On this page you'll find a live, daily-refreshed dashboard tracking Morpho across multiple data sources — price history going back several years, on-chain activity where available, fundamentals like circulating supply and dilution, top exchanges by volume, technical analysis using moving averages and RSI, and an algorithmic short, mid and long-term forecast. All figures are pulled from public APIs and cached locally; nothing here is investment advice.

Morpho (MORPHO) is a cryptocurrency traded on global digital-asset markets. Its specific role depends on the protocol and ecosystem built around it — the data and market sections on this page describe what can be measured directly from on-chain and exchange activity.

Morpho currently ranks #123 by market capitalisation, making it a mid-cap asset in the broad top 250. About 65% of the maximum MORPHO supply is in circulation today (649.78M of 1.00B), leaving a moderate emission stream still to come. It currently trades about 54% below its all-time high of $4.18 set in January 2025.

Morpho settles on a public blockchain, with ownership recorded against cryptographic addresses rather than personal identities. Its supply schedule and core parameters are defined in software and changed only by coordination among the people who run the network — there is no central operator.

Morpho currently ranks #123 by market capitalisation, making it a mid-cap asset in the broad top 250. About 65% of the maximum MORPHO supply is in circulation today (649.78M of 1.00B), leaving a moderate emission stream still to come. It currently trades about 54% below its all-time high of $4.18 set in January 2025. Its fully-diluted valuation of $1.91B is about 1.5× the circulating market cap of $1.24B, a gap that signals issuance overhang to factor into any longer-term thesis.

Morpho is used for value transfer, on-chain settlement, and access to whatever application or ecosystem its protocol supports. Because utility varies widely across projects of this kind, the most reliable read on the asset is its market data — liquidity, supply dynamics, and price behaviour — shown elsewhere on this page.

Daily turnover is light — roughly 0.94% of market cap ($11.66M over 24 hours) — so larger orders are best worked into the market gradually to limit slippage.

The supply story for Morpho comes down to three things: how tokens are issued over time, how many are circulating now, and how far the fully-diluted valuation sits above the circulating market cap. Approximately 65.0% of maximum supply is currently circulating, meaning roughly 35.0% of total potential supply remains to be issued. This implies a structural emission stream against current demand for the asset. The fully diluted valuation (FDV) of $1.9 billion stands at 1.5× the current circulating market cap of $1.2 billion. The wider this ratio, the more issuance overhang the asset faces — a structural headwind on valuation that mature assets like Bitcoin do not face but that early-cycle assets typically do.

Whether the tokenomics help or hurt comes down to value accrual versus dilution — fee burns, reinvested staking yield and TVL growth on one side, scheduled emissions on the other. A favourable balance lets price grind higher without hype; an unfavourable one means the asset must keep attracting demand just to absorb issuance.

At the top of the macro stack sit interest rates, dollar liquidity and risk appetite, and crypto has tended to amplify all three. Easing financial conditions and a weaker dollar have historically pulled the sector up; tightening liquidity and a firmer dollar have reliably pulled it back down.

A handful of traditional gauges tend to lead or confirm crypto moves: the dollar index (strength is a headwind), the 10-year yield (the price of risk capital), gold (an occasional fellow-traveller in debasement trades), and the S&P 500 (which often moves with crypto when liquidity, not fundamentals, is in the driver's seat).

Zooming in on Morpho, the most reliable leading indicator has tended to be crypto-native liquidity itself — aggregate stablecoin supply, open interest in futures, and exchange volume. Rising on-chain liquidity has historically pulled MORPHO up; draining liquidity has done the opposite. Given the 90-day BTC correlation of +0.55, MORPHO's near-term macro sensitivity will be similar to Bitcoin's — driven primarily by the same liquidity conditions and risk-asset flows.

General crypto risks apply: high volatility (double-digit daily moves are common), regulatory uncertainty, exchange and custody risk, and project-specific execution risk. With a smaller or less-established asset, liquidity can be thin — meaning larger orders move the price more, and exits during stress can be costly. Size positions accordingly and never commit more than you can afford to lose.