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Jun 9, 2026

DeFi Lending Protocol Morpho Raises $175 Million at $2 Billion Valuation in Round Led by Paradigm, a16z Crypto, and Ribbit Capital

Morpho, an onchain lending protocol, has secured $175 million in funding co-led by Paradigm, a16z crypto, and Ribbit Capital, with participation from Apollo Funds and VanEck. The round values the protocol at approximately $2 billion and will support technical development and integrations with traditional financial institutions.

Jun 9, 2026·7 sources
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Apr 11, 2026

Bitwise Files Updated S-1 for Hyperliquid ETF with Ticker and Fee Structure

Bitwise added ticker $BHYP and a 0.67% management fee in its latest amended S-1 filing for a Hyperliquid ETF. Multiple asset managers including Grayscale, 21Shares, and VanEck are competing to launch HYPE-linked ETFs.

Apr 11, 2026·2 sources
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Top claims

  • ▪Morpho aims to build an "open credit network" to connect global capital with financing needs, addressing limitations of traditional finance.
  • ▪Morpho holds approximately $6.6 billion in total value locked (TVL), making it a major competitor to the dominant lender Aave.
  • ▪DeFi lending protocol Morpho raised $175 million in its fourth institutional fundraise since 2021.

Topics

DeFi lendingInstitutional crypto adoptionDeFiAltcoinsAltcoin markets

Related entities

HyperliquidGrayscaleNasdaq

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