Why is Morpho (MORPHO) up 20.1% Today, August 24, 2026? TVL Growth and High Turnover Put Lending Rails in Focus

Morpho's token rallied 20.1% as protocol TVL reached $9.45B (+18.47% WoW), suggesting renewed focus on DeFi lending infrastructure despite a flat broader crypto market. Elevated turnover (4.48% of market cap) indicates strong participation, but the absence of a verified same-day catalyst and high supply concentration (82.76% in large holders) raise volatility risk. Momentum is extended with overbought RSI readings.