Coinbase Lists MORPHO, Causing Price Spike
As Coinbase lists the tokens, Morpho jumped nearly 10% before seeing corrections. The exchange recently released Morpho with two meme coins, with little price impact, but the actual listing adds all three assets.
Morpho’s developers also announced that its smart contracts have been independently reviewed and have been deployed on several major blockchains.
Coinbase lists Morpho
Coinbase, The largest crypto exchange in the United Statesafter listing announcements, there is a history of affecting crypto prices. this “Common Effect” is well documentedthere are many examples.
Two weeks ago Coinbase placed Pengu, Popcat and Morpho On its listing roadmap Great fanfare; The first two saw great gains On the actual list. Now, it’s Morpho’s turn.
“Coinbase will add support for Morpho (Morpho) on Ethereum (ERC-20 token) and on the basic network. If liquidity conditions are met, transactions will start at 9 pm on February 27, 2025. Once sufficient asset supply is established on our morphological usd trading pair, it will be initiated in phases,” the communication claim On social media.
Coinbase’s token list It has had a significant impact on morpho. Blockchain Project Very high in Januaryeven enter Key partnerships with Coinbase. Although its token value dropped sharply in early February, today’s listing caused a peak of nearly 10% before another decline.
Morpho’s developers have prepared some announcement Accompanied by this common list. The company claims its smart contracts are now deployed on several major blockchains.
These contracts have been reviewed by an independent third-party audit, including a $2.5 million bounty in loopholes. This is far from The biggest bounty in crypto historybut this is still important.
Through these developments, the company hopes to emphasize its focus on transparency and credibility. Morpho is a decentralized non-custodial lending platform based on Ethereum that optimizes the lending pool by facilitating effective peer-to-peer interactions.
The agreement promises to ensure both increase interest rates for both borrowers and lenders by directly matching liquidity while still relying on lending pools as backup. Safety and capital efficiency.
The ecosystem also includes a governance framework in which native morphological tokens play a key role in decision-making and incentives.
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