Key highlights:
- Standard Chartered forecasts Morpho to hit $60 by the end of 2030
- The bank expects DeFi assets to grow 37x over the next few years
- Morpho manages almost $10 billion in deposits across its lending markets and vaults
Standard Chartered has made yet another bullish call for a crypto token. The bank set a price target of $60 by the end of 2030 for one of the biggest DeFi lending protocols,
The lending markets hold around $5.55 billion in deposits, while its vault products manage about $4.3 billion. Together, that brings total deposits close to $9.99 billion. Its total value locked also sits at $6.7 billion.
Source: DeFiLama
The bank noted that partnerships with custody providers such as Fireblocks, Anchorage, and Taurus could also help attract more institutional capital over time. The protocol currently operates with a zero-fee lending model for depositors. This allows users to keep all lending income generated through their vault structure.
Source:: Standard Chartered Is Bullish on Morpho, Projects 33x Rally to $60 by 2030