- Standard Chartered initiated Morpho coverage, projecting the token rises to US$60 by the end of 2030, up from about US$3.50 in 2026.
- Analyst Geoff Kendrick said the trajectory would outperform both Bitcoin and Ether, driven by Morpho’s lending markets and vault infrastructure.
- The bank tied the forecast to expected 37-fold growth in total DeFi assets by 2030 and a recent US$175 million funding round.
Standard Chartered initiated coverage of Morpho on Wednesday with a long-term price target of US$60 (AU$87) by the end of 2030, arguing the decentralised lending protocol’s token is positioned to outperform both Bitcoin and Ether over the period.
The forecast came from Geoff Kendrick, the bank’s global head of digital assets research, who mapped a multi-year path for the token starting from about US$3.50 (AU$5.08) in 2026 and rising through the second half of the decade to reach US$40 (AU$58) in 2029 before hitting the 2030 target.
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Morpho Markets operates as an onchain lending marketplace, while Morpho Vaults provides infrastructure for onchain banks and asset-management institutions, a combination the bank sees as capturing both retail borrowing and institutional deposits.
Morpho Gains on Favourable Reporting
Standard Chartered expects assets deployed on the protocol to expand roughly in line with its projection for 37-fold growth in total DeFi assets by the end of 2030. It also pointed to Morpho’s strengthened balance sheet following a US$175 million (AU$253.75 million) venture funding round as evidence the protocol can scale.
“Given its status as one of the largest DeFi lending protocols and its comfortable financial position, we think Morpho can scale to meet the expanding base of assets deployed in DeFi”, the bank stated in its coverage note.
The call places Morpho ahead of the two largest cryptocurrencies in Standard Chartered’s relative-return framework, an aggressive stance for a protocol whose deposit base currently sits at roughly a quarter of rival Aave’s scale.
The token reacted sharply, rising more than 13% within 24 hours of the report’s release.
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