The bank has set a $60 price target for Morpho by the end of 2030, citing the potential for its DeFi lending and on-chain infrastructure to thrive amid tokenization trends.
By Will Canny, AI Boost|Edited by Cheyenne LigonUpdated Jul 1, 2026, 1:49 p.m. Published Jul 1, 2026, 1:46 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Paul Frambot, CEO Morpho Labs. (Morpho)SummaryShow- Standard Chartered described Morpho as a combination of a DeFi lending protocol and infrastructure for on-chain banks and asset managers.
- The bank anticipates that Morpho's assets will grow in line with its prediction of a 37-fold increase in DeFi assets by 2030.
- They initiated coverage of Morpho with a $60 price target for the end of 2030, suggesting about 33 times upside from its current valuation.
Standard Chartered has begun coverage of Morpho, referring to the lending protocol as a unique dual offering in decentralized finance (DeFi) that merges a lending market with essential infrastructure for on-chain banking and asset management.
The bank has established a price target of $60 for MORPHO by the close of 2030, indicating an upside potential of roughly 33 times its current price, which would allow the token to outperform both bitcoin BTC$58,580.68 and ether (ETH) during the same timeframe.
At the time of the report, MORPHO had seen a surge of over 13% within 24 hours, trading at approximately $2.13.
Geoff Kendrick, head of digital assets research at Standard Chartered, stated in the report, "Considering its position as one of the largest DeFi lending protocols and its robust financial health (having recently raised $175 million in venture capital), we believe Morpho is well-equipped to scale with the growing asset deployments in DeFi."
There has been a significant rebound in decentralized finance over the past year, driven by heightened institutional interest in tokenized real-world assets and on-chain lending. Lending protocols have gained from increased stablecoin adoption and renewed demand for crypto credit, while infrastructure providers enabling asset managers and financial institutions to allocate capital on-chain have become one of the fastest-growing segments in the industry.
Kendrick highlighted that Morpho operates through two distinct segments: Morpho Markets, a lending protocol that has reached about one-quarter of Aave's deposits, and Morpho Vaults, which offers infrastructure for on-chain asset management and banking services.
He contended that this combination positions Morpho uniquely as DeFi evolves from purely crypto-focused lending to encompass institutional and tokenized assets.
The bank forecasts that assets on Morpho will expand broadly in line with its projection of a 37-fold increase in total DeFi assets by the end of 2030, bolstered by the protocol's strong financial position following its $175 million venture funding round.
For Morpho's long-term growth, the success of its Vaults business in attracting institutional capital and traditional financial assets on-chain will be crucial. Building stronger connections with traditional finance represents a significant opportunity as tokenization accelerates, according to the bank.
Read more: Aave could soar to $3,500 by 2030 on DeFi revival, says StanChart
DeFiMorphoStandard charteredAI Disclaimer: Some parts of this article were generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.Related AssetsBitcoin$58,580.681.10%Latest Crypto News- 1Europe is closing the door on offshore crypto, but it’s leaving the riskiest window open1 minute ago
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