The MORPHO token has been performing better than others digital assets in recent weeks, so I decided to use data from the Uniswap v3 MORPHO/USDC pool on Base to start a financial analysis of this token and extract some initial statistics.
First, we can look at the evolution of its price:
The token’s daily returns are quite interesting and show large swings, which can attract LPs to the corresponding Uniswap pool to generate income:
This raises the question of the asset’s volatility. We see that it displays a high level of volatility compared to Bitcoin, for example:
Daily fees are on average around 588 USD, with historical volatility (7-days window) often above 100%. The fees generated by this pool are solid, and we can extract statistics from them:
Which should be put in perspective with the pool’s liquidity:
From this first statistical study, the MORPHO token shows interesting properties that warrant developing predictive models to try to deploy liquidity in a pool or use it as collateral on the following market: https://app.morpho.org/ethereum/market/0x6d95bf5fad1b0427205ee2b595f80b52e22394173de0832efa79fde88abb8525/morpho-usdc and then start managing the risk associated with these operations.
I would be glad to get the MORPHO community feedback on this analysis and to discuss with the community what directions could be improved.