Morpho price rose as Morpho Labs joined other top real-world asset platforms in a new partnership.
RWA powerhouses Plume, Centrifuge among those to support Ascend accelerator.
MORPHO token jumped 10% in 24 hours to $1.85.
The cryptocurrency market is up slightly on Monday, and Morpho (MORPHO) is one of the top gainers after posting double-digit gains in the past 24 hours.
While the uptick aligns with overall crypto bounce that mirrors a surge across stocks, MORPHO is up after the crypto platform teamed up with other players across the real-world assets market to launch a new accelerator project dubbed Ascend.
Amid a rebound in US stock indices, MORPHO rose 10% to highs of $1.85.
Morpho Labs key player in RWA market
On Monday, Morpho Labs announced that it was part of the strategic partnership that has launched 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 groundbreaking initiative is designed as a startup accelerator targeted at the real-world assets market, with $500k in funding.
Plume Network said Ascend is “the first startup accelerator designed to take ambitious RWA ideas into scalable protocols.”
Big name players back the program, including Plume, Morpho, and Centrifuge.
Others are Anchorage Digital, RWA.xyz, Keyrock and OKX Ventures. The collective aims to advance the tokenization of real-world assets.
Morpho Labs, a decentralized finance (DeFi) lending infrastructure that among other offerings powers crypto-backed loans on Coinbase, is a top backer of the accelerator.
As the collaboration highlights growth across the RWA sector, projects like Morpho begin to stand out.
MORPHO token gains amid crypto bounce
The MORPHO token experienced a significant uptick, rising 10% in 24 hours from lows of $1.66 to $1.85.
Gains came amid the positive market sentiment around RWA tokens and the Ascend launch.
However, it also followed a broader recovery in cryptocurrencies as a rebound in US stock markets buoyed sentiment.
On Monday, August 4, 2025, the benchmark S&P 500, the Dow Jones Industrial Average, and tech-heavy Nasdaq Composite all rose amid market expectations of a Fed interest rate cut.
Broader recovery follows last week’s sell-off, which saw Bitcoin dip to lows of $114k to dampen investor confidence across the ecosystem.
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
However, with a rebound in equities spilling over into the crypto, BTC is up to $115k.
A spike for RWA tokens has MORPHO eyeing a break to $2.00.
With gains also for Plume and Centrifuge, a continuation of upside momentum could push MORPHO to February highs of $2.5 and likely allow for a new all-time high in coming months.
MORPHO’s price surged to its all-time peak of $4.17 in January 2025.
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