Standard Chartered Projects Morpho Token at $60 by 2030

Standard Chartered initiated coverage of Morpho on Wednesday, projecting the decentralized lending protocol's token will reach $60 by the end of 2030, up from approximately $3.50 in 2026. Geoff Kendrick, the bank's global head of digital assets research, stated the trajectory would outperform both Bitcoin and Ether, driven by Morpho's lending markets and vault infrastructure. The forecast is tied to the bank's expectation of 37-fold growth in total DeFi assets by 2030 and follows Morpho's recent $175 million venture funding round.

Standard Chartered Sets Multi-Year Price Targets for Morpho Token

Geoff Kendrick mapped a multi-year path for the token starting from about $3.50 in 2026 and rising through the second half of the decade to reach $40 in 2029 before hitting the 2030 target of $60. The bank stated in its coverage note that Morpho can scale to meet the expanding base of assets deployed in DeFi given its status as one of the largest DeFi lending protocols and its comfortable financial position following the $175 million venture funding round.

Standard Chartered expects assets deployed on the Morpho protocol to expand roughly in line with its projection for 37-fold growth in total DeFi assets by the end of 2030. The call places Morpho ahead of the two largest cryptocurrencies in Standard Chartered's relative-return framework.

Morpho Protocol Operates Lending Marketplace and Vault Infrastructure

Morpho Markets operates as an onchain lending marketplace, while Morpho Vaults provides infrastructure for onchain banks and asset-management institutions. The bank sees this combination as capturing both retail borrowing and institutional deposits. Morpho's deposit base currently sits at roughly a quarter of rival Aave's scale, according to the bank's coverage note.

Morpho Token Rises 13% Following Standard Chartered Report

The token reacted sharply to the coverage initiation, rising more than 13% within 24 hours of the report's release on Wednesday.

FAQ

What price target did Standard Chartered set for Morpho token by 2030?

Standard Chartered set a price target of $60 for Morpho token by the end of 2030, starting from approximately $3.50 in 2026, with an intermediate target of $40 in 2029.

Who is the analyst behind Standard Chartered's Morpho coverage?

Geoff Kendrick, Standard Chartered's global head of digital assets research, authored the coverage note and price projections for Morpho token.

How did Morpho token react to Standard Chartered's coverage initiation?

Morpho token rose more than 13% within 24 hours of Standard Chartered's report release on Wednesday.