Standard Chartered has initiated coverage of Morpho (MORPHO) with a $60 price target for the end of 2030. The call implies close to 30x upside and extends the bank’s widening bet on decentralized finance (DeFi).

The forecast would see Morpho outperform both Bitcoin (BTC) and Ethereum (ETH) through 2030. It adds the token to a lineup that already includes Aave (AAVE).

Standard Chartered’s Path to $60 MORPHO Price

Morpho trades near $2.05, up by over 10% on the day the report landed, according to BeInCrypto data. The token ranks 57th by market value.

Analyst Geoff Kendrick, who leads digital assets research at Standard Chartered, mapped a yearly path to the target. He sees MORPHO at $3.50 in 2026, $11 in 2027, $22 in 2028, $40 in 2029, and $60 in 2030.

The report framed the move as a 33x gain from a lower price when it published this month. From MORPHO’s current level, the target implies closer to 30x.

The projection follows a run of long-dated forecasts, including the bank’s move to cut its Ethereum target last month. Standard Chartered issued a comparable 50x Aave price forecast weeks earlier.

Why Standard Chartered Backs Morpho

Morpho is the second-largest DeFi lending protocol behind Aave. Together the two control 57% of deposits and 63% of active loans across lending protocols.

“Morpho is part on-chain bank, part infrastructure for on-chain banks and asset managers.”

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The bank splits Morpho into two parts:

• Morpho Markets works like Aave
• Morpho Vaults act as infrastructure for on-chain asset managers, or curators.

Standard Chartered calls the vaults business the differentiator that can pull large traditional finance (TradFi) funds on-chain.

The bank expects DeFi assets to grow 37 times by 2030, and wants Morpho to scale with that flow.

Morpho holds about $9.8 billion in deposits today. Custody platforms including Fireblocks, Anchorage, and Taurus have wired its vaults into their systems.

Morpho’s balance sheet supports the case. Its developer, Morpho Labs, recently closed a $175 million funding round that valued the protocol at $2 billion.

Still, the target hinges on Morpho building deep TradFi relationships, and Standard Chartered warns that growth could arrive in lumps.

That uncertainty sits at the center of every long-term Morpho forecast. The next few quarters should test how fast institutional money moves.

Источник: BeInCrypto