Morpho Price Surges 4% Amid Record Exchange Outflow and New DeFi Integrations

Morpho's price has risen more than 4% over the past 24 hours to around $2.04, extending its seven-day gain to roughly 5%. The token reclaimed the $2 level and saw buying pick up.

Part of the latest demand comes from new DeFi integrations. RAILGUN, a privacy-focused DeFi protocol, has integrated Morpho, allowing users to access its lending infrastructure from RAILGUN's private DeFi environment.

Zyfai, an automated yield platform, has also added access to Morpho pools through its agent-based infrastructure. The integrations follow another distribution deal from July 31, when Uniswap launched its Earn product using Morpho infrastructure.

A sharp reduction in MORPHO held on exchanges has accompanied the price increase. A record exchange outflow of 5.59 million MORPHO left exchanges in one day, exceeding the previous record of about 4.35 million MORPHO set in July.