The Morpheus network today: MOR at $2.372 (-4.6%), 30 providers serving 268 AI models

By Wren Okada, Decentralized AI Correspondent. Filed Tuesday 28 July 2026. Decentralized AI

The Morpheus network recorded 4,752 new AI inference sessions while the MOR token traded at $2.372, a 4.6% decline over the prior 24 hours . Thirty compute providers currently serve 268 live AI models on the protocol . This session volume and provider count define the current operational capacity of the decentralized inference market independent of spot price action .

Token price movements diverge from on-chain utility metrics in this reporting period. MOR fell from $2.486 to $2.372 in one day and is down 3.8% over the past week . Network usage persists despite this valuation contraction. Builders locked 1.96M MOR in pools and users staked 1.55M MOR in open inference sessions . These stake and lock figures represent committed capital rather than speculative liquidity. The 4,752 daily sessions convert that capital into actual compute work . Market participants can verify these relationships directly through morscan.io, which charts price, providers, sessions, and per-model demand from Base blockchain data .

Specific models drove session volume with distinct usage patterns. Text-embedding-bge-m3 processed 112 inference sessions across five wallets, an 833% increase versus the prior day . Kimi K3 handled 196 sessions across two wallets, up 206% . Glm-5.2 completed 247 sessions across six wallets, a 109% gain . The web-enabled variant glm-5.2:web ran 28 sessions across four wallets, doubling its previous daily volume . These four models demonstrate active integration by multiple distinct wallet addresses. Embedding models like text-embedding-bge-m3 typically support retrieval augmented generation pipelines rather than direct chat interfaces. The distribution of sessions across multiple wallets for glm-5.2 and text-embedding-bge-m3 suggests broader adoption than single-user testing .

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