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Morpho successfully raises $175 million, reaching a valuation of $2 billion
The lending protocol (Lending) in the Top 2 markets – Morpho – has just announced the completion of a $175 million funding round, increasing the project's total valuation to $2 billion. This funding round was led by major funds including Paradigm, Ribbit Capital, and a16z crypto. Additionally, the project attracted capital from Apollo Funds, along with venture arms of Circle and VanEck.
With a total value locked (TVL) exceeding $7 billion, Morpho is significantly closing the gap with the leading position of Aave. It is one of the few projects maintaining strong development progress and keeping token price stability throughout the period.