Morpho #Morph is a decentralized lending protocol that was listed on Binance in early October 2025. The listing introduced features like leverage options, enhancing its accessibility and liquidity.
Here is a quick overview of its current market status as of October 24, 2025:
Metric Value
Live Price (MORPHO/USD) $1.970986
Price Change (24h) +5.01%
Market Cap $696.40 million
24h Trading Volume $45.31 million
Circulating Supply 353.32 million MORPHO
Max Supply 1 billion MORPHO
📖 What is Morpho?
Morpho is not just a token; it's a technology protocol that aims to make decentralized lending more efficient.
· Core Function: It operates as a decentralized lending protocol on Ethereum and Base networks, allowing users to lend and borrow digital assets in a non-custodial and permissionless way. This means users retain full control of their funds.
· Key Innovation: Morpho improves upon traditional lending pools by using a hybrid model. It directly matches lenders and borrowers peer-to-peer when possible to optimize interest rates, while still integrating with established liquidity pools like Compound or Aave for backup. This approach aims to provide better, more competitive rates for users.
· MORPHO Token Utility: The MORPHO token is central to the platform's governance. Holders can use it to participate in decision-making processes regarding the protocol's future development and fee structures.
💡 Key Insights for Traders
Recent Performance: The token has shown positive momentum, with a 10.80% price increase over the past 30 days and an 18.97% increase over the past week.
· Availability: On Binance, you can trade MORPHO against several pairs, including USDT, USDC, BNB, FDUSD, and TRY. The MORPHO to BNB conversion rate is approximately 0.001774 BNB per 1 MORPHO.
· Trading Activity: The futures market for MORPHO/USDT on Binance shows active trading. For instance, on October 24, 2025, there was significant long and short activity, indicating trader interest and market volatility.
Morpho combines an innovative approach to DeFi lending with the trading accessibility of a major exchange like Binance.
