Morpho Effect: November 2025

Top of mind

Stablecoins are checking accounts; vaults are savings accounts.

Devconnect 2025 was another testament that institutions and enterprises are coming onchain. Morpho hosted the first-ever Vault Summit, with each session packed with thought leaders from across TradFi and DeFi.

In 2026, vaults will do to finance what stablecoins did for payments: bring asset managers onchain and make all of their assets productive.

TL;DR

🔹 Morpho Everywhere at EF Devconnect 2025, along with the 1st-ever Vault Summit hosted by Morpho

🔹 Coinbase ETH-backed Loans now live, powered by Morpho

🔹 First non-USD/EUR stablecoin, JPYC coming to Morpho soon

🔹 Au revoir, @Morpholabs; Long live @Morpho.

Highlights

ETH-backed loans on Coinbase, powered by Morpho

Crypto.com Earn powered by Morpho, now available in the US

Vault Summit, hosted by Morpho. The first-ever vault-focused summit at Devconnect 2025

The first stablecoin lending market beyond USD and Euro, JPYC will soon be live on Morpho as a collateral and loan asset

Morpho Labs no more. Long live Morpho.

Product Updates

Morpho is now live on Monad

A simple way to navigate to all Vaults V2 with 1 toggle

Skip indexing, and start building with the Morpho API

What are they saying about Morpho

  1. France must modernize taxation for governance tokens to protect contributors, strengthen digital sovereignty, and stay competitive globally – opinion piece by Faustine Fleuret, Morpho’s Head of Public Affairs on Le Agefi
  2. Morpho-powered ETH-backed loans live on Coinbase by The Block and by Bankless
  3. Merlin on Sygnum Bank’s latest Crypto Explorer podcast

What do the numbers say

Curators are generating $300,000 in fees per week

Morpho is fully onchain and open, if you want to check out any Morpho Ecosystem Data, this is your guide

Textbook on how to build a liquidity flywheel, courtesy of Sid from Coinbase

Ecosystem Updates

Stay up to date with Morpho