MORPHO, the native token of the Morpho Protocol, surged over 30% to hit a new all-time high as cryptocurrencies posted significant gains on New Year’s Eve.
The Morpho token hit an intraday high of $3.61, marking a new all-time high and a 153% increase in trading volume. This represents a 160% increase over the last month. Trading volume increased by 153% in 24 hours and reached $144.7 million.
Morpho Protocol, a platform for on-chain lending and other DeFi services, now has a total value (TVL) of $5.26 billion. At the time of writing, the Morpho token price is $3.54.
The success of Morpho Protocol has increased its total value (TVL) to $5.26 billion. With the expansion into Ethereum Layer 2 networks, TVL, daily fees, and active users have skyrocketed.
Morpho, an infrastructure platform for on-chain lending, offers use cases such as credit card and savings features, permissioned markets and bridge…
