Morpho’s token surged by 10% to $1.85 as Morpho Labs entered a new partnership to launch the Ascend accelerator, joining other major platforms focused on real-world assets (RWAs).
Growth in Morpho’s Market Presence
On Monday, Morpho Labs revealed its involvement in a strategic partnership that initiated the Ascend project. This project, led by Plume Network and Odisea Labs, aims to support startups focused on RWAs with up to $500,000 in funding on Demo Day.
According to Plume Network, Ascend is the “first accelerator designed to transform ambitious RWA ideas into scalable protocols.” The program is backed by several prominent entities, including Anchorage Digital, RWA.xyz, Keyrock, and OKX Ventures, all working towards advancing the tokenization of real-world assets.
Morpho Labs, known for its decentralized finance (DeFi) lending infrastructure, particularly for cryptocurrency-backed loans on Coinbase, is one of the main financial supporters of this accelerator. This collaboration highlights the increasing importance of risk-weighted asset platforms as projects like Morpho begin to distinguish themselves in the marketplace.
MORPHO Token’s Significant Uptick
The MORPHO token experienced a remarkable 10% increase within 24 hours, climbing from a low of $1.66 to $1.85. This uptick coincides with positive market sentiment surrounding RWA tokens and the recent launch of Ascend.
The token’s rise is also part of a broader recovery in the cryptocurrency market, driven by a rebound in major U.S. stock indices. On August 4, 2025, benchmarks such as the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all posted gains amid market expectations of a Federal Reserve interest rate reduction.
This recovery follows a recent downturn that saw Bitcoin dip to $114,000, which dampened investor confidence across the cryptocurrency ecosystem. However, with rising stock markets positively affecting cryptocurrencies, Bitcoin has since rebounded to around $115,000.
As the sentiment around RWA tokens strengthens, analysts speculate that MORPHO could break the $2.00 barrier. Momentum in this direction, alongside gains for Plume and Centrifuge, might propel MORPHO to reach $2.50 in the upcoming months, possibly setting new historical highs. The token’s previous peak was recorded at $4.17 in January 2025.
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