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Morpho’s MORPHO token slides to $1.97, down 4% in 24 hrs, despite a $175 million raise led by Paradigm, a16z Crypto and Ribbit Capital.
Morpho’s native token MORPHO slipped to $1.97, a 4% decline over the past 24 hours, even as the protocol announced a $175 million financing round led by Paradigm, a16z Crypto and Ribbit Capital [1].
| At a glance | |
|---|---|
| Price | $1.97 |
| 24h Change | –4% |
| Funding round | $175 M |
| Lead investors | Paradigm, a16z Crypto, Ribbit Capital |
The $175 million round, which also included Apollo Funds, Circle Ventures, VanEck, Ledger and Cathay Innovation, is intended to accelerate Morpho’s on‑chain credit infrastructure and expand its fintech integrations [1]. The protocol already powers lending products for Coinbase, Robinhood and Kraken, and has added payroll platform Deel to its network, starting in Argentina [1]. Standard Chartered’s new research coverage projects the MORPHO token could reach $60 by 2030, citing growing institutional adoption and a 37‑fold increase in DeFi assets under management by that date [1].
Morpho’s on‑chain activity remains robust: the platform manages roughly $6.6 billion in total value locked and $10 billion in deposits, positioning it as a challenger to larger DeFi lenders [2]. Compared with the token’s recent low of $1.70 in early 2024, the current $1.97 price sits near the mid‑range of its 2023‑2024 trading band, but the 4% dip shows short‑term pressure despite the sizable capital injection. The funding round values Morpho at up to $2 billion, a valuation that reflects its modular “build‑your‑own” lending model and growing integration with both crypto‑native and traditional finance players [2].
Morpho’s modular design differentiates it from pooled lending platforms by allowing customized risk parameters and interest‑rate models, a feature that has attracted both crypto platforms and traditional finance firms seeking on‑chain credit rails [2]. While the protocol’s infrastructure is expanding, institutional adoption is still described as “early stages,” with recent discussions at the Vault Summit shifting from proof‑of‑concept to production‑ready deployments [1].
The price dip underscores that even large funding rounds do not guarantee immediate market optimism; investors will be watching whether Morpho can translate its capital and institutional ties into sustained on‑chain growth and broader adoption.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Jul 4, 2026 · How we report
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