Morpho

Permissionless lending protocol deployed on HyperEVM with $500M+ TVL

HyperEVM

ACTIVELending & BorrowingSince 2025

lendingpermissionlessisolated-marketsMORPHO

Launch App

$600

Million in cumulative deposits

$18.5

Million

$600M+

Deposits

Markets

TL;DR

Morpho is a permissionless, modular lending protocol originally built on Ethereum that has become one of DeFi's most significant lending infrastructure layers. On HyperEVM, Morpho operates as the underlying protocol powering the two dominant lending frontends in the ecosystem—Felix Protocol and HyperBeat—making it the de facto lending stack for Hyperliquid's EVM-compatible environment.

Key Facts

CategoryLending & Borrowing

LayerHyperEVM

StatusActive

Founded2025

Websitemorpho.org

VerifiedYes

Key Features

1Morpho is a permissionless, modular lending protocol originally built on Ethereum that has become one of DeFi's most significant lending infrastructure layers

2Morpho Blue is deliberately minimal—it does not include risk management, oracle selection, or curated market parameters

3Instead, those responsibilities are delegated to a layer of curators and operators who build Morpho Vaults on top of the core

4Curators can be protocol teams, professional risk managers like Gauntlet or Steakhouse, or DAOs

lendingpermissionlessisolated-marketsMORPHO

Ready to try Morpho?

Lending & Borrowing on Hyperliquid (HYPEREVM)

Launch App