- Morpho price rose after Morpho Labs joined other top real-world asset platforms in a new partnership.
- RWA powerhouses Plume and Centrifuge are among supporters of the Ascend accelerator.
- The MORPHO token gained 10% in 24 hours to $1.85.
The cryptocurrency market ticked up slightly on Monday, and Morpho (MORPHO) emerged as one of the biggest gainers after posting double-digit gains over the past 24 hours.
While the rise aligned with a broader crypto rally that reflected gains across equities, MORPHO advanced after the platform announced a partnership with other real-world asset (RWA) players to launch a new accelerator program called Ascend.
Amid a rebound in U.S. stock indexes, MORPHO climbed 10% to a peak of $1.85.
Morpho Labs becomes a key player in the real-world asset ecosystem
On Monday Morpho Labs announced it was part of the strategic partnership launching Ascend.
Ascend RWA Accelerator co-led by @plumenetwork and @odisealabs
A RWA-focused accelerator with up to $500,000 in funding on Demo Day
Powered by Morpho https://t.co/MdFrHbA1Lq
— Morpho 🦋 (@MorphoLabs) August 4, 2025
The initiative is designed as a startup accelerator focused on tokenizing and scaling real-world asset ideas, offering up to $500,000 in funding.
Plume Network described Ascend as “the first startup accelerator designed to take ambitious RWA ideas into scalable protocols.”
Major names backing the program include Plume, Morpho and Centrifuge, along with Anchorage Digital, RWA.xyz, Keyrock and OKX Ventures. The collective aims to accelerate tokenization of real-world assets.
Morpho Labs, a decentralized finance (DeFi) lending infrastructure that supports crypto-backed loans on platforms such as Coinbase, is a principal supporter of the accelerator.
As the partnership highlights momentum across the RWA sector, projects like Morpho are drawing increased attention.
MORPHO token climbs amid broader crypto rebound
The MORPHO token logged a notable gain, rising about 10% over 24 hours from a low near $1.66 to $1.85.
Those gains were driven by positive sentiment around RWA tokens and the Ascend launch, alongside a broader uptick in cryptocurrencies fueled by improving equity markets.
On Monday, August 4, 2025, major U.S. indexes — including the S&P 500, Dow Jones Industrial Average and the tech-heavy Nasdaq Composite — rose amid market expectations of a Fed rate cut.
The rebound followed last week’s sell-off, which briefly dented confidence across the ecosystem when Bitcoin slipped to lower levels.
While US stocks have recovered from their Friday sell-off, yields on US government bonds have not. I suspect there are two reasons for this: (i) Stock investors have been conditioned for years to ‘buy the dip,’ a strategy that has worked very well; and (ii) there’s a widespread… pic.twitter.com/GKBxMs8PO5
— Mohamed A. El-Erian (@elerianm) August 4, 2025
With the equity rebound spilling over into crypto, Bitcoin traded around $115k, lifting broader market sentiment.
Further strength in RWA tokens could push MORPHO toward breaching the $2.00 level.
Coupled with rallies in Plume and Centrifuge, continued upward momentum might drive MORPHO back toward February highs near $2.50 and potentially set the stage for new highs in the coming months.
MORPHO previously reached its all-time high of $4.17 in January 2025.