The Morpho lending protocol has just become a core part of "bank-grade" DeFi infrastructure thanks to a huge wave of support. A Bitfinex-backed company has made a huge $775 million pre-deposit into the platform. This comes just weeks after the Ethereum Foundation (EF) made a rare and important deposit into the protocol.

These two events happening one after the other are the most important in the protocol's history. They show that institutions have a lot of faith in it and make Morpho a basic building block for the future of on-chain finance.

The Headline: $775 Million Deposit from "Stable"

The most important news for Morpho is that on October 29, 2025, it was announced that Stable, a stablechain platform supported by the major exchange Bitfinex, is putting $775 million into Morpho's vaults.

Why it matters: This is one of the biggest single institutional investments in a DeFi protocol this year. It means that big, smart financial players now see Morpho's infrastructure as the best, safest, and most efficient place to invest a lot of money to make money.

The Ethereum Foundation: The Best Endorsement

This huge vote of confidence from institutions comes after what is probably the strongest endorsement in the ecosystem. In mid-October 2025, on-chain data showed that the Ethereum Foundation (EF) put 2,400 ETH (about $9.6 million) and another $6 million in stablecoins directly into Morpho's yield vaults.

Why it matters: The Ethereum Foundation is known for being very careful with its money. The EF's active use of a DeFi protocol to make money is a strong and direct endorsement of Morpho's code, security, and long-term viability, making it "blue-chip" infrastructure.

Coinbase and Crypto.com: Powering the Industry

In addition to these new deposits, Morpho's current integrations are doing very well.

Coinbase's Bitcoin-backed lending product, which is built entirely on Morpho's backend, surpassed $1 billion in loan originations on October 28, 2025. This shows that Morpho is already the quiet, reliable engine behind one of the biggest crypto exchanges in the world.

Crypto.com Partnership: Crypto.com announced its own strategic partnership with Morpho in early October. The deal will see Morpho deploy on the Cronos chain and power a new suite of DeFi-backed lending products for Crypto.com's millions of users.

Expansion of multiple chains at a fast pace

Morpho is expanding its reach across the whole crypto landscape while also making sure it stays the top player on Ethereum.

Tezos L2 (Etherlink): On October 28, the Oku trading platform added Morpho to Etherlink, the Tezos Layer-2. This brought institutional-level lending to that ecosystem.

On October 16, Morpho was officially deployed on the high-performance Sei Network.

Optimism: On October 29, Morpho added Optimism support as well, giving its new vaults 300,000 OP tokens as an incentive.

In the end, the most recent news about Morpho is a clear sign that it has gone from being a promising protocol to a reliable financial pillar. The combination of a three-quarter-billion-dollar institutional deposit, a direct endorsement from the Ethereum Foundation, and its role as the engine for giants like Coinbase has solidified its position as a dominant force in DeFi.

@Morpho Labs 🦋 #Morpho #morpho $MORPHO