MORPHO jumped nearly 10% before seeing corrections, as Coinbase listed the token.

The exchange recently put MORPHO on its roadmap alongside two meme coins with little price impact, but the actual listings have boosted all three assets.

Coinbase is listing Morpho (MORPHO) on Monday, having previously announced the addition of the token to its exchange alongside two meme coins—Pengu and Popcat—to little fanfare. However, the actual listings of these assets have had a huge impact on their price.

Coinbase is listing Morpho’s Ethereum (ERC-20) token and Base network token.

“Trading will begin on or after 9 AM PT on 27 February, 2025, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our MORPHO-USD trading pair will launch in phases,” the exchange stated.

Coinbase’s token listing had a great impact on MORPHO. The blockchain project was a high performer in January, even entering a major partnership with Coinbase.

However, its token value dropped massively in early February. Today’s listing caused a spike of nearly 10% before another drop.

Morpho’s developers prepared a few announcements to accompany this Coinbase listing. The firm claimed that its smart contracts have now been deployed on several major blockchains.

These contracts have also been vetted by independent third-party audits, which include a $2.5 million bug bounty. This is far from the largest bounty in crypto history, but it is still quite substantial.

With these developments, the company wishes to highlight its commitment to transparency and credibility.

Morpho is a decentralized, noncustodial lending platform that optimizes lending pools by facilitating efficient peer-to-peer interactions.

The protocol aims to improve interest rates for borrowers and lenders by matching liquidity directly, relying on underlying lending pools as a fallback for unmatched orders. This ensures both security and capital efficiency.

The ecosystem also includes a governance framework, where the native MORPHO token enables users to vote on proposals and contribute to the protocol's future direction.