Morpho closed a $175 million funding round on June 10, 2026, co-led by Paradigm and a16z, valuing the protocol near $2 billion. Major firms including Apollo and Coinbase Ventures participated in the round, betting on Morpho as institutional infrastructure. MORPHO surged over 10% on heavy volume following the announcement, challenging key resistance at $2.07. The protocol has crossed $11 billion in deposits and counts Coinbase, Binance, Kraken, Bitwise, Galaxy, and Anchorage Digital among its institutional users.