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*Inflation figures shown here reflect circulating (market) inflation and may differ from a coin’s projected, policy (planned) inflation.

What is Morpho?

Morpho is a DeFi protocol that optimizes Ethereum money markets by matching lenders and borrowers to boost liquidity and yield. Built on top of established protocols like Aave and Compound, Morpho delivers better interest rates while preserving security and capital efficiency, with a transparent governance model for ongoing participation.

Why does Morpho have inflation?

Morpho has inflation because its native MORPHO token is minted and distributed as incentives to lenders, borrowers, and protocol participants to bootstrap liquidity and align incentives; this ongoing emission creates a built-in inflation component to sustain activity and governance over time.

How is Morpho inflation calculated?

Morpho inflation is calculated by comparing the circulating supply from one year ago to today’s supply. The percentage increase in supply over that period is the annual inflation rate. Learn more in our guide: What is cryptocurrency inflation?.

How is Morpho emission calculated?

Morpho emission refers to how new coins enter circulation, usually through mining or staking rewards. The emission rate depends on the project’s monetary policy and block reward schedule. Learn more in our guide: What is cryptocurrency emission?.

FAQ

We calculate our own inflation and emission data via our algorithms. You can learn more about how we derive our data in the learn page.

We encourage the usage of any data available on this website. You may use it for your personal or educational goals, but do not use it commercially unless you purchase the CryptoInflation API.

We strive to make the data as accurate as possible, but some blockchains have limitations on how precisely supply, inflation, and emission can be calculated. Moreover, the data on this website often has to be averaged and approximated, therefore the data can be a bit off sometimes.

Cryptocurrency emission and inflation aren’t inherently bad—they’re part of how many blockchains secure their networks and incentivize miners or validators. Moderate inflation can help distribute coins fairly and keep the network active, but excessive or poorly managed emission may dilute value and hurt long-term sustainability. You can learn more about how issuance affects price here.