Standard Chartered Initiates Morpho Coverage, Sees 30-Fold Rise by 2030

Morpho is a major DeFi lending protocol whose businesses include Morpho Markets and Morpho Vaults, which provides infrastructure for on-chain banks and asset managers. Standard Chartered believes Vaults could serve as a bridge for traditional financial capital moving on-chain, positioning Morpho as key infrastructure for DeFi’s expansion.

On July 1, 2026, Geoff Kendrick, Standard Chartered’s global head of digital assets research, initiated standalone coverage of MORPHO. He set price targets of $3.50 for 2026, $11 for 2027, $22 for 2028, $40 for 2029 and $60 by the end of 2030. From about $2 at the time, the token could rise roughly 30-fold. The report also estimated that DeFi assets would expand 37-fold by 2030.