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Information about Morpho (MORPHO)
Morpho (MORPHO) is an Ethereum-based decentralized lending protocol that offers a unique P2P order matching mechanism to improve the efficiency and affordability of crypto lending and borrowing. The platform also enables users to create efficient lending markets with highly customizable lending and borrowing parameters. Additionally, it offers a product, Morpho Vaults, for curated lending at varying risk levels.
After more than two years of operation, Morpho has achieved a Total Value Locked (TVL) of $1.86 billion, becoming the third-largest lending protocol on Ethereum. Notably, the Morpho Blue product, launched in mid-January 2024, has already facilitated over $1.1 billion in loans on the protocol. The project has raised a total of $69 million from leading investors such as A16z, Coinbase Ventures, and Pantera Capital.
MORPHO is a native coin of the Morpho ecosystem, operating on Ethereum according to ERC20 standard, and can be used to vote on governance decisions for the platform, including:
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On New Year’s Eve, the MORPHO token soared to $3.61, achieving an impressive intraday trading volume increase of 153%, totaling $144.7 million in just 24 hours.
The MORPHO Protocol’s total value locked (TVL) reached $5.26 billion, driven by successful expansions and a recent $50 million funding round from MAJOR investors like Ribbit Capital and a16z.
MORPHO trading volume is $120.98m.
Binance announced listing perpetual futures contracts for the memecoin CHILLGUY, based on the Solana platform. Traders can leverage up to 75x. The contracts will be open for trading from 27/11/2024, meeting the increasing demand for memecoins and related trading opportunities.
MORPHO trading volume is $97.77m.
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