Morpho crypto holds key level as TVL on Base nears $2b
Main Idea
Morpho's token price and total value locked (TVL) on Base have shown significant growth, with notable increases in TVL and a rebound in token price from its all-time low.
Key Points
1. Morpho's token price was trading near $1.39, up 2.4% on the day, with a 93% increase from its all-time low of $0.71 in November 2024.
2. Morpho's TVL on Base has surged to over $1.8 billion, up from lows of $628 million in April 2025 and $60 million in July 2024.
3. Morpho on Base became the largest lending protocol by TVL on an Ethereum L2, surpassing Aave on Arbitrum.
4. Coinbase crypto-backed loans saw over $500 million USDC in originated loans, with collaterals exceeding $860 million.
5. Morpho unveiled V2 of its intent-based lending platform and web3SOC, adding support for two new chains, Unichain and Katana.
Description
Morpho traded near $1.39 and was 2.4% in the green on the day, as bulls look to hold a key price level, with resilience at this crucial zone showing as Morpho’s total value locked on Base nears $2 billion. The Morpho ( MORPHO ) crypto platform is increasingly a major player in the decentralized finance ecosystem. It’s native token reached highs of $4.17 in January, but fell sharply as cryptocurrencies mirrored broader risk assets, MORPHO hit lows of $0.85 in April. Although bulls have seen MORPH...
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