‘We are bullish on Morpho’: Standard Chartered sees token at $60 by 2030, outperforming bitcoin and ether
Quick TakeStandard Chartered initiated coverage of Morpho on Wednesday with an end-2030 price forecast of $60, a growth rate it said would outperform both bitcoin and ether.The forecast assumes growth driven by Morpho Vaults and deeper TradFi integrations, with the protocol expected to scale alongside broader DeFi adoption through 2030. Standard Chartered Bank initiated coverage of Morpho on Wednesday with a price target of $60 for the protocols native token by the end of 2030, citing growth driven by DeFi adoption and vault-based asset management infrastructure. In a note to clients on Wednesday, the banks Global Head of Digital Assets Research, Geoff Kendrick, set a multi-year path for the token, forecasting MORPHO-USD at $3.50 in 2026, $11 in 2027, $22 in 2028, and $40 in 2029, before reaching $60 by end-2030. The bank said the trajectory implies (MORPHO) would outperform both bitcoin and ether over the same period, based on relative return assumptions in its digital assets framework. “We are bullish on the outlook for Morpho, the second-largest decentralised finance (DeFi) lending protocol after Aave,” Kendrick wrote in the note. The forecast is anchored on Morphos lending markets and vault infrastructure, which Standard Chartered said positions the protocol to scale alongside its projection of a