Morpho MORPHO
Rank #51 defi
Supply release: when does the rest arrive?
69% circulating31% of the maximum MORPHO supply has not been released yet.
The tokens that are not circulating are held by the project — typically team, investor, treasury and ecosystem allocations that unlock gradually on a vesting schedule. We do not publish per-coin unlock dates: the schedules are set by each project and revised often, and a stale unlock date is more misleading than none at all. Check the project's own tokenomics documentation before assuming when that supply arrives.
If every MORPHO that can ever exist were circulating at today's price, the market capitalisation would be about 1.5× what it is now.
Supply at a glance
About Morpho
Morpho is a decentralised lending protocol that optimises rates by matching lenders and borrowers more directly than pooled systems. MORPHO is its governance token.
Created by Paul Frambot and Merlin Egalite (2021).
Morpho in context
Morpho trades 47% below its all-time high of A$6.74, set in January 2025. Over the past 90 days it has gained 26.7% in AUD terms, outperforming Bitcoin's +8.5% by 18.1 percentage points — one of the moves behind today's altcoin season index reading. Daily turnover runs at about 2.6% of its market value — comparatively thin trading, which can amplify moves in both directions.
Computed from our market records at build time — figures refresh with the daily rebuild.
12-month range (AUD)
today sits 91% of the way up the rangeThe supply maths: what would a price target mean?
full calculator →Market cap = price × circulating supply. With 688.7 million MORPHO circulating, every dollar of MORPHO price is A$0.69B of market cap — so check what a target actually implies:
Where to buy Morpho in Australia
Ad disclosure: 'Buy' buttons are affiliate links*; order reflects our exchange scores. It never affects scores or rankings. How we make money
| Exchange | AUD pair | Instant-buy cost | Score | |
|---|---|---|---|---|
| Swyftx | ✓ MORPHO/AUD | 0.6% + spread | 8.7/10 | Buy on Swyftx* |
| CoinSpot | ✓ MORPHO/AUD | 1% + spread | 8.5/10 | Buy on CoinSpot* |
FAQ
What is the Morpho (MORPHO) price in AUD right now?
The MORPHO price in AUD is about A$3.59 as of our last data refresh — the price at the top of this page updates continuously from CoinGecko market data (every 10 minutes in production), quoted in Australian dollars first so there's no mental USD conversion. The converter above turns any MORPHO amount into AUD at the live rate.
How do I buy Morpho in Australia?
Morpho is listed on Swyftx, CoinSpot with direct AUD pairs. Deposit AUD via PayID or bank transfer, then buy MORPHO — most platforms complete this in minutes after ID verification.
Is Morpho taxed in Australia?
Yes — the ATO treats Morpho as a CGT asset. Selling, swapping or spending it is a taxable event; holding over 12 months may qualify individuals for the 50% CGT discount. See our crypto tax guide.
When will the rest of the MORPHO supply be released?
31% of the maximum MORPHO supply has not been released yet. The tokens that are not circulating are held by the project — typically team, investor, treasury and ecosystem allocations that unlock gradually on a vesting schedule. We do not publish per-coin unlock dates: the schedules are set by each project and revised often, and a stale unlock date is more misleading than none at all. Check the project's own tokenomics documentation before assuming when that supply arrives.
Who created Morpho?
Created by Paul Frambot and Merlin Egalite (2021).
What is Morpho's all-time high in AUD?
Morpho peaked at A$6.74 in January 2025. Today's price sits 47% below that peak — the stat cards above track it daily.
Why does the MORPHO price here differ from prices I see in USD?
We quote in Australian dollars, so the number moves with both the coin's USD price and the AUD/USD exchange rate. Most global sites quote USD — multiply by the current exchange rate (or just use our converter above) and the numbers reconcile.
Market data powered by CoinGecko · availability verified against exchange listings
General information only, not financial advice. Crypto is volatile — never invest more than you can afford to lose.