Morpho

Total value locked, currently 9,474,629,741.03 USD and up 8.88 percent over the trailing seven days, reflects how much capital depositors and borrowers are actively committing to the protocol, so sustained movement in either direction would indicate changing user adoption. The dilution overhang of 52.17 percent represents the share of the maximum supply not yet in circulation, meaning a large portion of tokens could enter the market over time, making the pace and schedule of any future token releases worth monitoring. The fee-yield figure, which annualizes fees as 12.95 percent of market capitalization, shows how the fee stream scales relative to the token's current market value, so changes in either fees or market cap would shift this relationship. The return-to-vol ratio of 0.093 over the trailing 12 months relative to 90-day volatility captures how much return has been generated per unit of price variability, and watching how this evolves alongside the downside deviation figure of 70.26 percent annualized can illustrate how the risk profile of the asset is changing over time.

Written by an AI language model from the figures listed below, on 27 Aug 2026 04:43 UTC.