Morpho’s $175M DeFi Round Tests Onchain Credit’s Future

MORPHO

MORPHO/USDT

$2.00

+2.20%

$2.00

+2.20%

(24s)

24h Volume

$9,817,705.96

24h H/L

$2.03 / $1.904

Change: $0.1260 (6.62%)

Funding Rate

+0.0005%

Longs pay

Data provided by COINOTAG DATALive data

MORPHO

Daily

$2.001

▲ 1.88%

Volume (24h): -

Resistance Levels

Resistance 3$2.3083

Resistance 2$2.2094

Resistance 1$2.0432

Price$2.001

Support 1$1.9278

Support 2$1.8098

Support 3$1.643

Pivot (PP):$1.9967

Trend:Uptrend

RSI (14):53.9

Cointelegraph Staff

(11:52 AM UTC)

1 min read

Verified byOlivia Bennett

1148 views

0 comments

Investors are increasingly backing stablecoin and credit infrastructure rather than decentralized finance (DeFi) lending alone, with Morpho Labs' latest funding round drawing attention to onchain credit markets, according to Spark CEO Sam MacPherson.

Morpho announced Tuesday that it raised $175 million in a round led by Paradigm, a16z crypto and Ribbit Capital. While Morpho is widely known as a…