Morpho Protocol Revenue
Track how Morpho protocol revenue flows to MORPHO holders through fees, buybacks, and value accrual mechanisms.
Produced by Tokenomics.com with data verified by the Morpho team.
Revenue Verifiability
Verified and Transparent
Value Accrual TypesNot Tracked
Token Contract VerificationSmart Contract Address
Revenue to Holders
0%
0%100%
MORPHO Protocol Revenue FAQ
Key questions and answers about Morpho revenue, fees, and token value accrual
How does Morpho generate revenue?
Morpho generated $391.4M in gross revenue from Feb 2024 to Nov 2026 (997 days), with $0 retained as net revenue.
This averages $$392.6K in daily gross revenue across the tracked period.
Does Morpho burn MORPHO tokens?
No, Morpho does not currently burn MORPHO tokens. The protocol does not employ a buy-back-and-burn or direct token burn mechanism.
How do MORPHO tokenomics work?
The protocol generates fees from user activity.
What is Morpho's gross revenue used for?
In 2026, Morpho generated $179.8M in gross revenue. Of that, $179.8M went to supply-side participants (e.g. liquidity providers).
Year-by-year revenue breakdown:
- 2026: $179.8M gross revenue — $179.8M to supply-side
- 2025: $161.5M gross revenue — $161.5M to supply-side
- 2024: $50.1M gross revenue — $50.1M to supply-side
Is Morpho's gross revenue growing or declining?
Morpho's gross revenue has increased by 37.8% over the past 90 days compared to the prior 90-day period, from $48.1M to $66.3M.
- Recent 90d daily average: $737.0K/day
- Prior 90d daily average: $534.7K/day
