Quick Take
- Standard Chartered initiated coverage of Morpho on Wednesday with an end-2030 price forecast of $60, a growth rate it said would outperform both bitcoin and ether.
- The forecast assumes growth driven by Morpho Vaults and deeper TradFi integrations, with the protocol expected to scale alongside broader DeFi adoption through 2030.
Standard Chartered Bank initiated coverage of Morpho on Wednesday with a price target of $60 for the protocol's native token by the end of 2030, citing growth driven by DeFi adoption and vault-based asset management infrastructure.
In a note to clients on Wednesday, the banks Global Head of Digital Assets Research, Geoff Kendrick, set a multi-year path for the token, forecasting MORPHO-USD at $3.50 in 2026, $11 in 2027, $22 in 2028, and $40 in 2029, before reaching $60 by end-2030.
The bank said the trajectory implies (MORPHO) would outperform both bitcoin and ether over the same period, based on relative return assumptions in its digital assets framework.
“We are bullish on the outlook for Morpho, the second-largest decentralised finance (DeFi) lending protocol after Aave,” Kendrick wrote in the note.
The forecast is anchored on Morphos lending markets and vault infrastructure, which Standard Chartered said positions the protocol to scale alongside its projection of a 37x increase in assets deployed across DeFi by 2030.
Morpho Markets, which operates in a similar structure to Aave, currently holds about $5.5 billion in deposits, while Morpho Vaults account for $4.3 billion, according to the analysts.
The bank said achieving the targets would depend on Morpho Vaults attracting traditional finance-linked capital, supported by custody and distribution integrations with firms including Fireblocks, Anchorage, and Taurus. It added that vault curators such as Steakhouse Financial, which manages nearly $2 billion in assets, have become a key channel for on-chain asset allocation.
Standard Chartered also compared Morpho's positioning with other DeFi protocols it covers, noting that both Uniswap and Aave have introduced protocol fee mechanisms, while Morpho currently operates at a 0% take rate, leaving all lending income to depositors via vault structures.
Morpho was trading above $2 on Wednesday, up 12.92% over the past 24 hours, according to The Block's MORPHO price page. At that level, Standard Chartered's $60 forecast implies about 2,787% upside.
(UNI) traded at $2.73, down 1.49%, while (AAVE) changed hands at $85.47, down 1.69%. Standard Chartered has previously projected roughly 34x upside for UNI and 38x upside for AAVE through 2030.
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