MORPHO (Morpho) has pumped 3.36% in the last 24 hours.

Gate News Bot news, August 22, according to CoinMarketCap data, as of the time of writing, MORPHO (Morpho) is currently priced at $2.35, with a rise of 3.36% in the last 24 hours, peaking at $2.38 and dropping to a low of $1.91, with a 24-hour volume reaching $68.7 million. The current market capitalization is approximately $770 million, an increase of $25.1 million compared to yesterday. Currently, MORPHO is ranked 96th in the global Crypto Assets market capitalization.

Morpho is a trusted network focused on on-chain lending. The project aims to provide users with decentralized lending services, including earning returns on deposits and collateralized borrowing functions. Morpho emphasizes its user-friendly interface, optimized yield strategies, customized risk management, and non-custodial characteristics. The platform also provides tools for curators and businesses to create custom yield strategies and lending markets. Morpho values security, employing a minimized architecture design that has undergone multiple audits and formal verification.

Recent important news about MORPHO:

1️⃣ The Morpho Prime product line is officially launched.

Morpho has recently launched the new Morpho Prime product line, aimed at providing more professional and customized DeFi lending services for institutional investors. This move demonstrates that Morpho is actively expanding its influence in the institutional market and is expected to attract more large capital into the DeFi ecosystem.

2️⃣ The largest CEX in the United States plans to offer Bitcoin collateral loans through Morpho.

The largest CEX in the United States has announced plans to offer Bitcoin mortgage loan services through the Morpho protocol. This collaboration will not only bring more users and liquidity to Morpho, but also further enhance its position and influence in the DeFi lending space.

3️⃣ DeFi projects jointly launch Web3SOC framework

Morpho has collaborated with several well-known DeFi projects such as Uniswap to launch a framework called Web3SOC, aimed at assessing the readiness of DeFi projects for collaboration with institutions. This initiative indicates that Morpho is actively involved in the establishment of industry standards, which helps enhance its voice and influence within the DeFi ecosystem.

From a technical perspective, the recent price trend of MORPHO shows an overall rise, which may be closely related to its continuous product innovation and strategic partnerships. However, investors still need to closely monitor the overall market environment and potential risks.

This message is not an investment advice, and investors should be aware of market volatility risks.