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Morpho market info
Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price. Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
All-time low
Lowest price a coin has reached in its trading history.
The Spark protocol is making money, but the market hasn't noticed it yet, and institutions are sneaking in?
As the DeFi market shifts to a new cycle and narrative focused on real revenue and protocol sustainability; stablecoins, Spark's USDS & sUSDS are becoming the next potential beneficiaries! The fundamentals of SPK are impeccable, but the technical aspects are currently lacking a bit – however, I still firmly believe that fundamentals are primary, and technicals are secondary!
▰▰▰▰▰
Spark's profit model!
Users deposit USDS/sUSDS
↓
Spark mints, schedules, and deploys across chains
↓
Funds flow into high-yield scenarios like Aave / Morpho / Ethena
↓
Returns flow back to users (sUSDS) & the protocol (SPK stakers)
↓
SPK staking earns SSR (Sustainable Spark Rewards)
↓
TVL continues to rise, enhancing capital allocation capabilities
↓
Token value accumulation strengthens
In simple terms: capital grows → returns increase → SPK dividends increase → the market buys SPK
▰▰▰▰▰
Real revenue distribution of Spark
Let's take a look at Spark's current deployment data:
▪ Over $4.5 billion USDS minted (from Sky Allocation Vault)
▪ Over $3.1 billion deployed into on-chain strategies
▪ $900 million entered SparkLend
▪ $800 million entered BlackRock's BUIDL (government bond yields)
▪ Hundreds of millions deployed to high-yield scenarios like Ethena, Morpho, Pendle
▪ sUSDS has cumulatively distributed over $82 million in returns (data: Stablewatch)
These returns are not in the future but are already being distributed daily to users and stakers as dividends!
▰▰▰▰▰
When the market wakes up, what stage will SPK be in?
Currently, SPK's growth is still in a phase of market recognition lag:
▪ Ecological cooperation has been established (deep integration with Aave, Morpho, Pendle, Ethena, etc.)
▪ The yield flywheel has already started (sUSDS annualized stable at 5% - 8%)
▪ The number of users is continuously increasing (especially through leveraged plays with Morpho and Pendle)
However, SPK's valuation has not fully reflected:
▪ The unique SSR revenue mechanism
▪ The market share of yield-generating stablecoins is continuously rising (sUSDS is second only to sUSDe)
▪ Cross-chain deployment + RWA compliance routes give Spark the potential for institutional participation
This could be one of the most cost-effective timing points for SPK! Not giving buy/sell advice but it can be a reference!
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Here are a few observation points that I will continue to monitor:
▪ SSR yield: observe if staking returns can ramp up quickly
▪ sUSDS market share: can it capture more market from sUSDe?
▪ Capital flow: is there continued large-scale deployment into Pendle / Ethena / RWA?
SPK market cap: are people starting to notice the flywheel running smoothly, and is that expectation reflected in the price?
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Conclusion
You may have missed Lido, missed Pendle, missed ENA, but Spark is a yield aggregator you can still pay attention to, one that can truly sustain itself through profitability! So don't just look at surface-level hype; learn to look at revenue streams, dividend structures, and token economics, and you'll realize this is a DeFi alpha!
Show original
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Marc, the Degen CEO of Polygon Labs (💜,⚔️, ※) reposted
Asif Khan 💜🍏
Couldn’t sleep and ended up diving into Katana’s DeFi model, VaultBridge really stands out, it’s a fresh take on making bridges useful.
The contract funnels your Eth or USDC to Morpho vaults on Ethereum. That profit then circles back to juice up pools like Morpho or Sushi.
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geebz
Institutions want to experiment with DeFi — but don’t know who to trust
Uniswap, Morpho, Maple & others just launched Web3SOC, a framework for evaluating DeFi protocol “maturity” for institutional partnerships
🟢 Includes self-assessments + 4-tier maturity scores
🟢 Covers governance, security, financial stability, and compliance
🟢 Designed with input from Secureum, Cantina, and major investors
- This is a big deal -
DeFi protocols are now signaling readiness the way SaaS companies once used SOC 2, they WANT these customers using the protocols
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Morpho 🦋
All your positions in one place
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吴说区块链
Wu learned that Cantina announced the launch of the Web3SOC framework, aimed at providing a unified assessment standard for institutions and DeFi organizations to promote a safer and more collaborative decentralized finance ecosystem. This framework was developed in collaboration with Uniswap Labs, Morpho, Maple Finance, Kiln, and others, covering four core areas: governance, security, financial robustness, and compliance.
The current price of Morpho is $1.1569. Over the last 24 hours, Morpho has increased by +2.87%. It currently has a circulating supply of 308,625,671 MORPHO and a maximum supply of 1,000,000,000 MORPHO, giving it a fully diluted market cap of $356.89M. At present, Morpho holds the 82 position in market cap rankings. The Morpho/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Morpho is a decentralised protocol on Ethereum enabling the overcollateralised lending and borrowing of crypto assets (ERC20 and ERC4626 tokens) on the Ethereum Virtual Machine (EVM).
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 2.5K new posts about Morpho, driven by 1.6K contributors, and total online engagement reached 543K social interactions. The sentiment score for Morpho currently stands at 77%. Compared to all cryptocurrencies, post volume for Morpho currently ranks at --. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Morpho.
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Posts
2,478
Contributors
1,596
Interactions
543,137
Sentiment
77%
Volume rank
--
X
Posts
1,807
Interactions
328,289
Sentiment
78%
Morpho FAQ
How much is 1 Morpho worth today?
Currently, one Morpho is worth $1.1569. For answers and insight into Morpho's price action, you're in the right place. Explore the latest Morpho charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Morpho, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Morpho have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
ESG Disclosure
ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Asset details
Name
OKcoin Europe LTD
Relevant legal entity identifier
54930069NLWEIGLHXU42
Name of the crypto-asset
Morpho Token
Consensus Mechanism
Morpho Token is present on the following networks: Base, Ethereum.
Base is a Layer-2 (L2) solution on Ethereum that was introduced by Coinbase and developed using Optimism's OP Stack. L2 transactions do not have their own consensus mechanism and are only validated by the execution clients. The so-called sequencer regularly bundles stacks of L2 transactions and publishes them on the L1 network, i.e. Ethereum. Ethereum's consensus mechanism (Proof-of-stake) thus indirectly secures all L2 transactions as soon as they are written to L1.
The crypto-asset's Proof-of-Stake (PoS) consensus mechanism, introduced with The Merge in 2022, replaces mining with validator staking. Validators must stake at least 32 ETH every block a validator is randomly chosen to propose the next block. Once proposed the other validators verify the blocks integrity. The network operates on a slot and epoch system, where a new block is proposed every 12 seconds, and finalization occurs after two epochs (~12.8 minutes) using Casper-FFG. The Beacon Chain coordinates validators, while the fork-choice rule (LMD-GHOST) ensures the chain follows the heaviest accumulated validator votes. Validators earn rewards for proposing and verifying blocks, but face slashing for malicious behavior or inactivity. PoS aims to improve energy efficiency, security, and scalability, with future upgrades like Proto-Danksharding enhancing transaction efficiency.
Incentive Mechanisms and Applicable Fees
Morpho Token is present on the following networks: Base, Ethereum.
Base is a Layer-2 (L2) solution on Ethereum that uses optimistic rollups provided by the OP Stack on which it was developed. Transaction on base are bundled by a, so called, sequencer and the result is regularly submitted as an Layer-1 (L1) transactions. This way many L2 transactions get combined into a single L1 transaction. This lowers the average transaction cost per transaction, because many L2 transactions together fund the transaction cost for the single L1 transaction. This creates incentives to use base rather than the L1, i.e. Ethereum, itself. To get crypto-assets in and out of base, a special smart contract on Ethereum is used. Since there is no consensus mechanism on L2 an additional mechanism ensures that only existing funds can be withdrawn from L2. When a user wants to withdraw funds, that user needs to submit a withdrawal request on L1. If this request remains unchallenged for a period of time the funds can be withdrawn. During this time period any other user can submit a fault proof, which will start a dispute resolution process. This process is designed with economic incentives for correct behaviour.
The crypto-asset's PoS system secures transactions through validator incentives and economic penalties. Validators stake at least 32 ETH and earn rewards for proposing blocks, attesting to valid ones, and participating in sync committees. Rewards are paid in newly issued ETH and transaction fees. Under EIP-1559, transaction fees consist of a base fee, which is burned to reduce supply, and an optional priority fee (tip) paid to validators. Validators face slashing if they act maliciously and incur penalties for inactivity. This system aims to increase security by aligning incentives while making the crypto-asset's fee structure more predictable and deflationary during high network activity.
Beginning of the period to which the disclosure relates
2024-06-14
End of the period to which the disclosure relates
2025-06-14
Energy report
Energy consumption
688.13040 (kWh/a)
Energy consumption sources and methodologies
The energy consumption of this asset is aggregated across multiple components:
To determine the energy consumption of a token, the energy consumption of the network(s) base, ethereum is calculated first. For the energy consumption of the token, a fraction of the energy consumption of the network is attributed to the token, which is determined based on the activity of the crypto-asset within the network. When calculating the energy consumption, the Functionally Fungible Group Digital Token Identifier (FFG DTI) is used - if available - to determine all implementations of the asset in scope. The mappings are updated regularly, based on data of the Digital Token Identifier Foundation.
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