Locked coins unlock every month. Nothing buys back.
MORPHO governs the Morpho lending network: 700.57M of its 1B coins circulate. No new coins are created; locked coins are released instead.
Sell pressure. Founders and partners unlock 11.60M on the 21st of every month, 34.79M in 90 days, and the Morpho Association paid out 14.49M from its grant.
Buy pressure. Nothing comes back: no buyback, no burn and no lock.
Net. Net, supply grows about 7.03% in 90 days, and about the same next.
MORPHO has no emission. All 1B coins were created at launch and total supply did not move in these 90 days. The DAO's safe still owns the token contract and could create more by a governance vote; nothing was created.
Founders and strategic partners unlock about 11.60M MORPHO on the 21st of every month: three releases in these 90 days (Jul 21, Aug 21, Sep 21 2026) and three in the next (Oct 21, Nov 21, Dec 21 2026). About 208M is still locked, with the last release on Apr 21 2028.
The Morpho Association's safe, funded by a 150M MORPHO grant from the DAO on Apr 30 2026, paid out 14.49M in these 90 days (105.85M down to 91.36M), including 9.52M to two wallets on Sep 16 2026. It pays every month, so the next 90 days use the same amount. The DAO treasury (291.0M on Ethereum, 13M on Base) is already counted as circulating and did not move.
No bankruptcy estate or trustee holds MORPHO, and no long lock is releasing coins outside the monthly schedule above.
Nothing buys MORPHO back. Borrowers pay interest to lenders, and the fee switch that could send a share to the DAO has never been turned on.
No MORPHO is burned. The dead address held the same 7.18 MORPHO at both ends of the window, and total supply did not fall.
Neither the DAO nor the Association bought MORPHO in these 90 days. Apollo may buy up to 90M MORPHO over four years under its Feb 2026 deal, but that is an outside buyer taking coins already on the market.
MORPHO has no staking or vote lock, so no new coins were taken off the market this way.
Two sides: how much people want MORPHO right now, and how much buying could come later.
This part is based on social media. It shows how hot MORPHO is right now. A better rank means more people are talking about it.
Today, people are talking about MORPHO for two reasons:
On Oct 14 2026, Pendle and Wintermute's Armitage opened a high-yield USDC vault on Morpho. It took in about $15.8 million in its first day and held about $20.5 million by Oct 17 2026, paying about 8% a year. People ask if new vaults like this bring more fees to Morpho.
On Oct 17 2026, Coinbase said it has $2.3 billion in crypto-backed loans open, and these loans run on Morpho. In September 2026, Coinbase added fixed-rate loans too. People ask how much of this business turns into value for MORPHO holders.
Checked Oct 17 2026
Based on the law of supply and demand, the long-run signal for Morpho is negative. As of Oct 17 2026, score 2/10, Morpho faces +7.03% new supply over 90 days, with demand very weak (1.5/5). Morpho's price drivers: 2 ▲ price up, 0 ▼ price down.
It helps the business more than the token, for now. Coinbase loans on Morpho passed $1.5B and keep rising. But about 7.03% new MORPHO arrives in the next 90 days, and that much new supply likely eats most of the good news. Our supply-and-demand read for Morpho stays negative.
About $1.63B on Oct 14 2026, at around $2.32 a coin. Only 700.6M of a 1B max are out so far. Supply grows about 28.14% in the next year, so the market cap has to rise just to hold the price. By supply and demand, Morpho's long-run signal is negative today.
Today the signal is negative. Supply and demand would point the other way for Morpho if new supply keeps arriving (+7.03% in 90 days), or demand falls from very weak.
On our framework Morpho scores 2/10 (Oct 17 2026), with supply 0.5/5 (flooding) and demand 1.5/5. In the next year Morpho's supply changes +28.14%, so the long-run signal reads negative.
The law of supply and demand points to one window for Morpho: low new supply, high demand, drivers pointing up. Where Morpho stands today: +7.03% new supply in 90 days (flooding), demand very weak (1.5/5), drivers 2 ▲ / 0 ▼.
Morpho has 2 price drivers today (2 ▲ price up, 0 ▼ price down). ▲ Coinbase loans: Coinbase loans on Morpho passed $1.5B and keep rising. ▲ Big partners: Robinhood, Fireblocks, Ledger and Apollo joined Morpho in 2026.
Morpho reads negative at 2/10; Bitcoin reads positive at 8.5/10 (Oct 17 2026). On supply and demand, Morpho looks weaker than Bitcoin today.
Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice. How we read every coin →
We look at two things, half each: supply and demand. Fewer new coins mean less selling pressure. A meme coin scores 1.5 at most on supply: its team got its coins for free, so no new supply does not make it safe. We also show each coin's age, with a warning when it is younger than 1 year. Demand looks at how much people want the coin now and how much buying could come later. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss; they have no score. MORPHO supply grows +7.03% in the next 90 days, so it shows in red: more MORPHO reaches the market than is removed. Zero or falling supply is always green, any growth is red.
One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.
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