Morphex Review

Morphex is a decentralized exchange (DEX) built for spot and perpetual futures trading, supporting leveraged trading up to 50x. Initially launched on the Fantom network, it has since expanded to other chains, including BNB Chain and, more recently, the Base network, where the BMX platform went live in August 2023. With its unique approach, Morphex uses a liquidity pool of blue-chip assets that facilitates low-fee trading, all while providing liquidity providers with revenue-sharing LP tokens. BMX liquidity providers on Base benefit from up to 90% of protocol revenue through the innovative wBLT vault, designed to auto-compound rewards. Morphex is developed by a global network of anonymous contributors who share a commitment to decentralization and user control, making it a prominent player in decentralized trading. Since its launch, Morphex has generated substantial trading volumes, including around $500 million on Fantom alone.

N/A

Promo bonus

No bonus for now

Go to protocol

Morphex offers

We don’t have offers for now

Create an alert and we’ll let you know when offers appear

Crypto earn alerts on Morphex

Criffy provides an ideal way to stay on top of earning programs across protocols and dApps. For Morphex, you can easily track new earning opportunities, monitor APY changes for specific offers, and receive notifications when you can start earning interest on a particular cryptocurrency. Setting up an alert helps you stay informed about the best earning opportunities on Morphex.

Earning crypto on Morphex

Protocols and dApps offer various options to earn crypto, like lending or participating in liquidity pools. With Criffy, you can easily track five different earning options from Morphex. Check the table above for all the details.

Current TVL of the Morphex protocol

The Morphex protocol's Total Value Locked (TVL) is currently N/A. TVL is a helpful metric in DeFi, showing the total assets users have deposited into a protocol’s smart contracts. It gives a snapshot of liquidity and the level of trust from the community, helping to show how much value a platform like Morphex is holding.

Morphex protocol type

Morphex is a DeFi platform specializing in derivatives, making it easy for users to trade assets linked to cryptocurrencies without the need to hold them directly. With Morphex, users can explore strategies like hedging and leverage to better manage risk and maximize market exposure. The protocol’s decentralized setup provides a flexible and efficient way to approach advanced trading within DeFi, making it a helpful choice for those looking to make the most of their assets.

Protocols similar to Morphex

Check out other crypto protocols in the same category

Grizzly Trade

Derivatives

Mycelium Perpetual Swaps

Derivatives

Vela Exchange

Derivatives

Predy V5

Derivatives