3.	Top-Tier Investors:
Morpho is backed by elite investors, including Ribbit, a leading name in Silicon Valley fintech. The investment amounts are credible, with the previous funding round valuing the project at $700M. Early investors voluntarily locked their tokens, with unlocking scheduled to begin on May 17, 2026.
	4.	Valuation Gap with AAVE:
AAVE has a market cap of $5.3 billion, while Morpho’s fully diluted valuation (FDV) is $550 million. Despite a 7x difference in TVL and a 10x difference in FDV, Morpho presents a potential misvaluation gap. Over a longer time horizon, Morpho’s prospects could exceed AAVE’s due to its ability to deliver higher yields and attract a newer wave of project teams.