The price of Morpho (MORPHO), a DeFi token, reached an all-time high of $4.2, leading to a market valuation of over $702 million and a fully diluted valuation of $4.1 billion. This surge can be attributed to increasing inflows into its ecosystem, with the total value locked in its platform rising to $3.85 billion. Morpho has become a profitable player in the DeFi industry, generating $87 million in fees over the past year. The announcement of Coinbase offering crypto loans for American customers also contributed to the rise in Morpho's price. However, there is a possibility of a pullback to retest the support level at $3.6850.



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