Morpho Protocol Revenue
Track how Morpho protocol revenue flows to MORPHO holders through fees, buybacks, and value accrual mechanisms.
Produced by Tokenomics.com in collaboration with BlackTokenomics.
Track how Morpho protocol revenue flows to MORPHO holders through fees, buybacks, and value accrual mechanisms.
Key questions and answers about Morpho revenue, fees, and token value accrual
Morpho generated $262.5M in gross revenue from Feb 2024 to Apr 2026 (790 days), with $0 retained as net revenue.
This averages $$332.3K in daily gross revenue across the tracked period.
No, Morpho does not currently burn MORPHO tokens. The protocol does not employ a buy-back-and-burn or direct token burn mechanism.
The protocol generates fees from user activity.
In 2026, Morpho generated $50.9M in gross revenue. Of that, $50.9M went to supply-side participants (e.g. liquidity providers).
Year-by-year revenue breakdown:
Morpho's gross revenue has decreased by 13.5% over the past 90 days compared to the prior 90-day period, from $50.6M to $43.7M.
