Morpho

After the panic caused by the Binance hack, MORPHO bounced off the support at $2.07 and gained 10%, returning above the 50-, 100-, and 200-day EMAs. Spot volume increased by 266% to $97.49 million, while futures volume rose by 160% to $15.83 million. The next target is $2.56.

The utilization rate of tokenized assets in Morpho reached 42%, compared to an average of 14% in DeFi. $894 million has been raised against RWA; among the acquired assets are BUIDL from BlackRock and USDY from Ondo Finance. Protocol fees are currently disabled.