- Morpho’s price rose after Morpho Labs joined other leading real-world asset platforms in a new partnership.
- RWA powerhouses including Plume and Centrifuge back the Ascend accelerator.
- The MORPHO token jumped 10% in 24 hours to $1.85.
The cryptocurrency markets edged higher on Monday, with Morpho (MORPHO) among the top gainers after posting double-digit gains over the past 24 hours.
While the move followed a broader crypto rebound that mirrored gains in equities, MORPHO’s rise was driven in part by the platform’s participation in a new real-world asset (RWA) accelerator called Ascend, formed in partnership with several major RWA market players.
As U.S. stock benchmarks recovered, MORPHO climbed about 10% to reach $1.85.
Morpho Labs emerges as a key RWA market participant
On Monday, Morpho Labs announced it had joined a strategic partnership launching the Ascend RWA Accelerator.
The initiative is designed as a startup accelerator focused specifically on bringing real-world asset projects to market, with up to $500,000 in Demo Day funding to support participating teams.
Plume Network described Ascend as “the first startup accelerator designed to take ambitious RWA ideas to scalable protocols.” The program is supported by well-known industry participants including Plume, Morpho, and Centrifuge, along with Anchorage Digital, RWA.xyz, Keyrock, and OKX Ventures.
Together, these organizations aim to accelerate the tokenization of real-world assets and help bridge traditional markets and blockchain infrastructure.
Morpho Labs, a decentralized finance (DeFi) lending infrastructure that currently offers crypto-collateralized loans on platforms such as Coinbase, is one of the accelerator’s primary backers. Its involvement highlights the expanding role of DeFi-native projects in the RWA sector and underscores growing institutional and developer interest in asset tokenization.
MORPHO token climbs amid broader crypto lift
The MORPHO token saw a meaningful uptick, rising roughly 10% from a 24-hour low of $1.66 to $1.85. The gains were supported by positive market sentiment around RWA tokens and anticipation surrounding Ascend’s launch.
At the same time, MORPHO’s rally tracked a wider cryptocurrency recovery tied to stronger U.S. equity performance, which helped restore investor confidence across risk assets.
On Monday, August 4, 2025, major U.S. indices—including the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite—moved higher amid market expectations about Federal Reserve policy. This equity rebound followed last week’s sell-off that had pushed Bitcoin lower and briefly dented market sentiment.
Despite last week’s volatility, Bitcoin rallied back toward $115,000, and renewed interest in RWA tokens has helped push MORPHO toward the $2.00 level. Continued momentum, supported by gains in Plume and Centrifuge, could propel MORPHO toward prior highs—potentially approaching its February peak of $2.50 if bullish conditions persist.
For context, MORPHO’s all-time high was $4.17, reached in January 2025.