Morpho Surges on DeFi Integrations and Exchange Outflow

Morpho's price has risen by over 4% in the past 24 hours to around $2.04, extending its seven-day gain to roughly 5%. This increase is attributed to new DeFi integrations and a record exchange outflow.

The token reclaimed the $2 level, and buying picked up after it did so. CoinGecko data showed Morpho advancing from around $1.96 to above $2.04 during the latest 24-hour period.

Part of the demand has come as Morpho gains additional routes into other DeFi applications. Privacy-focused DeFi protocol RAILGUN has integrated Morpho, allowing users to access its lending infrastructure from RAILGUN's private DeFi environment.

Automated yield platform Zyfai has also added access to Morpho pools through its agent-based infrastructure. Users can limit which pools the agents can access, including choosing Morpho-specific exposure.