Morpho Effect: June 2025
Back to Blog

Morpho Effect: June 2025

Newsletter

June was a big month at Morpho, here’s a quick round-up:

TLDR

🔹 Unveiling Morpho V2: Intent-based lending platform powered by fixed-rate loans.

🔹 Morpho will only have one asset—the MORPHO token.

🔹 Introducing Web3SOC: A new enterprise-grade standard for DeFi.

🔹 New chains available on the Morpho App: Unichain & Katana.

🔹 Morpho on Base is the biggest DeFi protocol by TVL on any Ethereum L2.

Highlights of the Month

Unveiling Morpho V2

An intent-based lending platform powered by fixed-rate, fixed-term loans.

Morpho Will Only Have One Asset—the MORPHO token

Morpho Labs is becoming a wholly-owned subsidiary of the Morpho Association, a French non-profit without any shareholders.

Introducing Enterprise-Grade Evaluation Framework for DeFi: Web3SOC

Enterprises and institutions have historically lacked clear frameworks to evaluate DeFi protocols they are integrating.

That changes with the launch of the Web3SOC standard, masterminded by Cantina and Morpho.

Private Credit in DeFi at Institutional Scale

mF-ONE holders can now collateralize their tokenized F-ONE private credit fund tokens to borrow USDC, which they can use to increase their exposure to F-ONE.

Deblock in the Front, Morpho in the Back

Deblock is bringing a Morpho-powered onchain savings product to European users.

DeFi Infrastructure Has No Borders

Lemon is bringing Morpho-powered onchain yields to users in Argentina.

Launch Embedded Morpho Loans In Hours, Not Months

Any wallets, exchanges, and fintechs can integrate embedded Morpho-powered Loans via Gelato SDK

Tenor is Now Contributing to Morpho V2

Morpho V2 is supported by numerous contributors both within and outside the Morpho ecosystem.

Tenor is developing a suite of borrower-focused products to simplify and enhance Morpho V2’s usability.

New on the Morpho App

Morpho is now live on Katana

Morpho is now live on Unichain

Auto-Deleverage is the first borrower position protection feature on Morpho, with more to come enabled by the pre-liquidation smart contracts

Allocations from curators signal trusts, users can now see allocations within a hover

One-click migration of Earn or Borrow positions from other lending protocols

Sort by in-wallet tokens on Morpho Earn

What Do the Numbers Say?

Active loans on Based Morpho is going vertical

Based Morpho is the biggest DeFi protocol by active loans on any L2

Coinbase crypto-backed loans has originated $500M+ USDC loans with $860M+ collaterals

Deployed less than 1 month ago, Morpho on Unichain now has 120M+ in total deposits

Launched 1 week ago, Morpho on Katana now has 150M+ in total deposits

Powering Hyperbeat and Felix, Morpho on HyperEVM is closing in on 400M of total deposits

Ecosystem update

Discover 
more with us