Key Takeaways:
- Binance announces Morpho (MORPHO) as the 49th project on its HODLer Airdrops program, distributing 6.5 million tokens to eligible BNB holders.
- Spot trading for MORPHO opens on October 3, 2025, at 15:00 UTC, paired with USDT, USDC, BNB, FDUSD, and TRY.
- Initial circulating supply: 338.8 million MORPHO (33.88% of the 1 billion total supply).
Binance, the world’s largest crypto exchange, has unveiled its newest token listing: Morpho (MORPHO). Alongside this launch, Binance is distributing millions of MORPHO tokens to BNB holders through its HODLer Airdrops initiative. This move underscores Binance’s commitment to driving adoption for emerging DeFi projects while rewarding its loyal community of BNB supporters.
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Binance Launches MORPHO With HODLer Airdrops
The announcement confirms Morpho as the 49th project to debut on the Binance HODLer Airdrops page. Eligible users—those who subscribed to their BNB to Simple Earn (Flexible or Locked) and/or On-Chain Yields products between September 28 and September 30, 2025—will receive a portion of a 6.5 million MORPHO allocation, representing 0.65% of the total supply.
This initiative is not merely a one-off promotion. Binance emphasizes that HODLer Airdrops are retroactive rewards for long-term BNB holders, allowing them early access to tokens without requiring additional steps. Unlike standard staking or farming, users can simply hold and subscribe to BNB.
Distributions will be reflected directly in users’ Spot Accounts within 24 hours before trading commences, enabling holders to trade instantly when the market opens.
Key Details of MORPHO Tokenomics
MORPHO enters the Binance ecosystem with robust tokenomics designed to ensure liquidity and broad participation from day one:
- Token Supply: 1,000,000,000 MORPHO
- Circulating Supply at Listing: 338,801,056 MORPHO (33.88%)
- Airdrops Allocation: 6,500,000 MORPHO
- Additional Marketing Allocation: 1,000,000 MORPHO post-listing
- Smart Contracts:
- Ethereum: 0x58D97B57BB95320F9a05dC918Aef65434969c2B2
- Base: 0xBAa5CC21fd487B8Fcc2F632f3F4E8D37262a0842
MORPHO will be available for trading in pairs with USDT, USDC, BNB, FDUSD, and TRY. Noteworthy is Binance’s decision to peg the listing fee to zero, highlighting its intention to foster high-potential projects.
Seed Tag and Alpha Market Transition
Morpho has been assigned a Seed Tag, indicating that it may be a newer and potentially more volatile asset. Investors are advised to conduct thorough due diligence before engaging. Notably, upon the launch of spot trading, MORPHO will no longer count its trading activity on Alpha points, allowing seamless transfer of assets from Alpha Accounts to Spot Accounts while retaining liquidity and flexibility.
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What Is Morpho and Why It Matters?
Morpho is positioning itself as a permissionless yield, lending, and DeFi application platform that aims to combine the benefits of decentralized lending with a flexible infrastructure. It connects Ethereum and Base—two of the largest DeFi ecosystems—enabling developers to integrate across both platforms, setting the stage for scalable financial applications.
As the lending market heats up with contenders like Aave and Compound, the Binance listing of Morpho offers instant access to millions of traders and liquidity providers worldwide. With approximately 34% of tokens unlocked at launch, Morpho is less susceptible to the illiquid starts that smaller DeFi projects often face.
How Binance HODLer Airdrops Benefits BNB Holders
Binance has increasingly relied on HODLer Airdrops to reward its loyal BNB community. This model diverges from standard launch pools by offering retroactive rewards. Users who had previously invested their BNB into the Simple Earn products automatically qualify, eliminating the need for additional actions.
Randomly taken snapshots ensure fair allocation, preventing manipulation. Furthermore, Binance’s policy instates a BNB holding cap of 4%, which helps ensure a fairer distribution among retail holders, mitigating whale dominance.
This initiative aligns with Binance’s broader strategy to enhance BNB’s utility. Together with Launchpool, Megadrop, and staking products, HODLer Airdrops effectively incentivize long-term BNB ownership, reinforcing its foundational role within the Binance ecosystem.