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Morpho poised to scale as DeFi infrastructure play, Standard Chartered says
Key takeaways
- The bank has a $60 price target for MORPHO by the end of 2030, implying roughly 33x upside from its current price.
- MORPHO was more than 13% higher over 24 hours, trading around $2.13 at publication time.
- Decentralized finance has rebounded sharply over the past year as institutional interest in tokenized real-world assets and onchain lending accelerated.
It initiated coverage of Morpho with a $60 end-2030 price target, implying roughly 33x upside from current levels.Investment bank Standard Chartered has initiated coverage of Morpho, calling the lending protocol a dual-play on decentralized finance (DeFi) that combines a lending market with infrastructure for onchain banks and asset managers.
The bank has a $60 price target for MORPHO by the end of 2030, implying roughly 33x upside from its current price. This would see the token outperform both bitcoin BTC$59,468.18 and ether (ETH) over the same period.
MORPHO was more than 13% higher over 24 hours, trading around $2.13 at publication time.
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