#morpho $MORPHO @Morpho Labs 🦋

The MORPHO token is the governance token for the protocol: holders (or their delegates) vote on key changes.

The team emphasises that MORPHO will be the single asset for the ecosystem (rather than multiple tokens), to align incentives across contributors, users & the DAO.

They’re working on improving cross-chain interoperability of the token (i.e., allowing wrapped versions, token movement across chains) to broaden utility.

2. Ecosystem / infrastructure expansion

Multichain growth: The protocol has made statements about expanding beyond its initial chains. For example, a post said “Morpho multichain expansion continues (Batch 2 includes …)” as of early 2025.

Integrations: For example, one partner (Seamless Protocol) migrated its lending infrastructure to Morpho vaults, and its 2025 roadmap includes features like Leverage Tokens and real-world asset (RWA) integrations.