Standard Chartered predicts that the Morpho token MORPHO could rise to $60 by 2030

According to The Block, Standard Chartered Bank has initiated coverage on Morpho for the first time, setting a target price of $60 for its native token MORPHO by the end of 2030, representing a potential increase of approximately 2787%.

Geoff Kendrick, Head of Global Digital Assets Research at Standard Chartered, provided annual forecasts in the report: $3.5 in 2026, $11 in 2027, $22 in 2028, $40 in 2029, and reaching $60 in 2030.

The report noted that Morpho is the second-largest decentralized lending protocol after Aave, with current deposits in Morpho Markets of approximately $5.5 billion and a scale of about $4.3 billion in Morpho Vaults. Analysts believe that as the total assets in DeFi are expected to grow 37 times by 2030, Morpho is likely to benefit from this.

Standard Chartered previously predicted that by 2030, the upside potential for UNI is approximately 34 times, and for AAVE, it is about 38 times.