Morpho Token Defies Market Slide After $175M Paradigm-Led Funding Round

Morpho (MORPHO) gained 7.5% over the past 24 hours, defying a broader market pullback, after Morpho Association announced a $175 million funding round co-led by Paradigm, a16z crypto, and Ribbit. The raise ranks among the largest in the history of decentralized finance (DeFi). It arrives as institutional demand for onchain lending infrastructure continues to build.