Press Release
Sunrise Brings MORPHO Natively to Solana
Sunrise, the day one asset gateway for Solana, has brought MORPHO natively to Solana, the token's first canonical market outside Ethereum, Base, and centralized exchanges. Morpho is one of the largest lending protocols in DeFi, with roughly $11 billion in deposits and institutional users including Coinbase, Binance, Kraken, and Anchorage Digital. Solana users can now trade MORPHO across major Solana trading terminals, DEXs, and wallets, without bridging out to another chain or relying on a wrapped token.
The Lending Protocol Behind Coinbase's Crypto-Backed Loans
Morpho is an open lending platform where anyone can earn yield or borrow against collateral through immutable smart contracts with minimized governance. In June 2026, the Morpho Association, the nonprofit that stewards the protocol, closed a $175 million funding round co-led by Paradigm, a16z crypto, and Ribbit Capital, one of the largest raises in DeFi, with participation from VanEck and Apollo.
Coinbase's crypto-backed loans run on Morpho's lending protocol on Base. In May 2026, Coinbase extended that integration to SOL collateral, letting users borrow up to $100,000 in USDC against their Solana holdings without selling. Morpho already prices risk on Solana's native asset. Its own token now has a native market on Solana too.
A Canonical Solana Market
This listing is MORPHO's first canonical deployment on Solana. There is no wrapped stand-in and no fragmented pool structure: the same asset that trades on Ethereum and Base now sits in a Solana wallet alongside SOL, stablecoins, and the rest of a holder's portfolio.
Through Sunrise, MORPHO arrives with liquidity formation and ecosystem distribution orchestrated from the start, tradable across major Solana trading terminals, DEXs, and wallets. For Solana users, holding or trading the token of one of DeFi's largest lending protocols no longer requires leaving the network or trusting an unofficial representation.
About Sunrise
Sunrise is the day one asset gateway of Solana. Sunrise enables new onchain assets—crypto, stocks, commodities, and more—to list on Solana with liquidity on day one, giving users and builders immediate access to live, tradable markets. Sunrise is made by Wormhole Labs.
About Wormhole Labs
Wormhole Labs is a technology company that specializes in building products, tools, and reference implementations to expand the cross-chain ecosystem. They are committed to open-source development and laying down the paths for a connected decentralized world.
Contact
Email: contact@sunrise.xyz
Twitter / X: @sunrise