Total Value Locked$282.81m
TVL by Chain
Monad$202.66m
Ethereum$52.15m
Base$12.05m
BOB$4.99m
Avalanche$4.38m
Unichain$1.83m
Plasma$1.52m
Hyperliquid L1$1.32m
Arbitrum$720,382
BSC$542,924
Linea$267,623
Sonic$257,945
Berachain$124,307
TAC$8,426
Swellchain$0
Mantle$0
Key Metrics
Fees 30d$1.68m
Fees 30d by chain
Avalanche$647,107
Ethereum$490,496
Monad$455,349
BSC$25,549
Plasma$24,370
Base$23,539
Hyperliquid L1$10,409
Arbitrum$2,965
Unichain$1,649
Berachain$1,269
Linea$940.34
BOB$509.79
Sonic$250.06
TAC$24.44
Fees 7d$390,407
Avalanche$154,572
Ethereum$115,569
Monad$95,759
BSC$6,309
Hyperliquid L1$5,786
Plasma$5,715
Base$4,787
Arbitrum$670.25
Unichain$462.06
Linea$310.52
Berachain$284.96
BOB$119.36
Sonic$63.21
TAC$0
Fees 24h$55,848
Avalanche$22,261
Ethereum$16,661
Monad$13,617
BSC$939
Base$911
Plasma$828
Hyperliquid L1$360
Arbitrum$99.08
Unichain$64.02
Linea$42.60
Berachain$40.11
BOB$17
Sonic$8.41
TAC$0
Cumulative Fees$90.92m
Ethereum$52.94m
Avalanche$13.98m
Plasma$7.02m
Sonic$3.47m
Linea$2.38m
Berachain$2.22m
Unichain$1.98m
Arbitrum$1.86m
Monad$1.83m
BSC$1.55m
Base$963,976
TAC$277,001
Swellchain$273,837
BOB$140,969
Hyperliquid L1$24,968
Revenue 30d$78,234
Revenue 30d by chain
Ethereum$39,286
Avalanche$34,702
BSC$2,398
Plasma$1,191
Hyperliquid L1$519.28
Arbitrum$130.28
Berachain$3.67
Base$0.30
BOB$0
Linea$0
Monad$0
Sonic$0
TAC$0
Unichain$0
Revenue 7d$18,930
Ethereum$9,425
Avalanche$8,316
BSC$591.87
Hyperliquid L1$288.67
Plasma$277.24
Arbitrum$30.63
Berachain$0.22
Base$0.07
BOB$0
Linea$0
Monad$0
Sonic$0
TAC$0
Unichain$0
Revenue 24h$2,717
Ethereum$1,368
Avalanche$1,200
BSC$86.52
Plasma$39.60
Hyperliquid L1$17.99
Arbitrum$4.69
Base$0.01
Berachain$0
BOB$0
Linea$0
Monad$0
Sonic$0
TAC$0
Unichain$0
Cumulative Revenue$4.82m
Ethereum$2.19m
Avalanche$968,909
Plasma$457,199
Sonic$261,272
Linea$236,842
Unichain$195,373
Arbitrum$153,834
Berachain$122,425
BSC$119,536
Base$32,430
Monad$27,465
Swellchain$25,121
TAC$14,736
BOB$6,913
Hyperliquid L1$1,249
Holders Revenue 30d$0.24
Holders Revenue 30d by chain
Berachain$0.24
Arbitrum$0
Avalanche$0
Base$0
BOB$0
BSC$0
Ethereum$0
Hyperliquid L1$0
Linea$0
Monad$0
Plasma$0
Sonic$0
TAC$0
Unichain$0
Holders Revenue 7d$0
Arbitrum$0
Avalanche$0
Base$0
Berachain$0
BOB$0
BSC$0
Ethereum$0
Hyperliquid L1$0
Linea$0
Monad$0
Plasma$0
Sonic$0
TAC$0
Unichain$0
Holders Revenue 24h$0
Arbitrum$0
Avalanche$0
Base$0
Berachain$0
BOB$0
BSC$0
Ethereum$0
Hyperliquid L1$0
Linea$0
Monad$0
Plasma$0
Sonic$0
TAC$0
Unichain$0
Cumulative Holders Revenue$3.2m
Ethereum$1.35m
Avalanche$594,125
Plasma$352,076
Linea$226,695
Unichain$165,223
Arbitrum$143,425
Sonic$108,268
Berachain$96,962
BSC$90,131
Base$29,102
Swellchain$20,065
TAC$12,855
Monad$7,069
BOB$6,213
Hyperliquid L1$0
Collateral Liquidated 30d$39,582
Collateral Liquidated 30d by chain
Ethereum$28,063
Hyperliquid L1$10,079
Base$1,109
Berachain$229
Arbitrum$102.48
Unichain$0.02
Avalanche$0
BOB$0
BSC$0
Linea$0
Monad$0
Plasma$0
Sonic$0
Collateral Liquidated 7d$39,336
Ethereum$27,826
Hyperliquid L1$10,079
Base$1,109
Berachain$229
Arbitrum$93
Unichain$0.02
Avalanche$0
BOB$0
BSC$0
Linea$0
Monad$0
Plasma$0
Sonic$0
Collateral Liquidated 24h$10,980
Hyperliquid L1$10,968
Ethereum$12.38
Arbitrum$0
Avalanche$0
Base$0
Berachain$0
BOB$0
BSC$0
Linea$0
Monad$0
Plasma$0
Sonic$0
Unichain$0
Cumulative Collateral Liquidated$279,518
Ethereum$260,482
Hyperliquid L1$10,079
Base$2,737
Sonic$1,506
Monad$1,427
BSC$1,400
Avalanche$499
Berachain$483.90
Unichain$421.02
Arbitrum$418.68
Plasma$65
BOB$0
Linea$0
Active Loans$231.84m
Protocol Information
Euler revolutionizes DeFi by letting any asset become collateral for a lending market. Lenders and borrowers get market leading risk-adjusted rates. Builders can create and manage markets exactly how they want them, with institutional-grade security.
Audits:
Methodology
TVL: TVL is supply balance minus borrows the euler contract. Borrowed excludes vaults whose underlying or whose accepted collateral vaults' underlyings have no price in coins.llama.fi (treated as worthless/insolvent).View code on GitHubFees: Includes interest that is paid by the borrowers, protocol and curators fees.View code on GitHubRevenue: Fees collected by Euler protocol.View code on GitHubHolders Revenue: Revenue used for buy back EUL tokens.View code on GitHubCollateral Liquidated: Total USD value of collateral seized in Euler v2 eVault Liquidate events.View code on GitHubYields
Pools Tracked132
Average Supply APY11.86%
User Activity
Active Addresses (24h)153
Transactions (24h)383
Competitors
Euler V2 history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Aug 26, 2024 to Oct 28, 2026.
All-time high TVL: $2.202b on Oct 6, 2025. All-time low TVL: $3.41m on Aug 28, 2024.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $349.22m |
| Sep 30, 2026 | $353.08m |
| Oct 1, 2026 | $353.84m |
| Oct 2, 2026 | $349.24m |
| Oct 3, 2026 | $347.1m |
| Oct 4, 2026 | $347.81m |
| Oct 5, 2026 | $349.09m |
| Oct 6, 2026 | $347.99m |
| Oct 7, 2026 | $341.94m |
| Oct 8, 2026 | $320.78m |
| Oct 9, 2026 | $301.83m |
| Oct 10, 2026 | $301.76m |
| Oct 11, 2026 | $296.95m |
| Oct 12, 2026 | $303.4m |
| Oct 13, 2026 | $298.77m |
| Oct 14, 2026 | $300.77m |
| Oct 15, 2026 | $292.59m |
| Oct 16, 2026 | $290.49m |
| Oct 17, 2026 | $288.07m |
| Oct 18, 2026 | $287.37m |
| Oct 19, 2026 | $290.91m |
| Oct 20, 2026 | $290.52m |
| Oct 21, 2026 | $291.91m |
| Oct 22, 2026 | $287.94m |
| Oct 23, 2026 | $284.67m |
| Oct 24, 2026 | $282.45m |
| Oct 25, 2026 | $276.63m |
| Oct 26, 2026 | $280.38m |
| Oct 27, 2026 | $279.48m |
| Oct 28, 2026 | $283.02m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $59.44m |
| Dec 31, 2024 | $107.1m |
| Jan 31, 2025 | $158.08m |
| Feb 28, 2025 | $290.81m |
| Mar 31, 2025 | $566.15m |
| Apr 30, 2025 | $775.36m |
| May 31, 2025 | $967.41m |
| Jun 30, 2025 | $1.127b |
| Jul 31, 2025 | $1.136b |
| Aug 31, 2025 | $1.471b |
| Sep 30, 2025 | $1.663b |
| Oct 31, 2025 | $1.646b |
| Nov 30, 2025 | $1.04b |
| Dec 31, 2025 | $1.013b |
| Jan 31, 2026 | $587.57m |
| Feb 28, 2026 | $500.6m |
| Mar 31, 2026 | $505.91m |
| Apr 30, 2026 | $374.37m |
| May 31, 2026 | $283.68m |
| Jun 30, 2026 | $296.2m |
| Jul 31, 2026 | $373.52m |
| Aug 31, 2026 | $374.43m |
| Sep 30, 2026 | $353.08m |
| Oct 28, 2026 (latest) | $283.02m |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $107.1m |
| Dec 31, 2025 | $1.013b |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $73,478 | $6,301 | $3,374 |
| Dec 2024 | $409,798 | $26,415 | $18,712 |
| Jan 2025 | $1.06m | $43,657 | $39,074 |
| Feb 2025 | $898,255 | $38,872 | $27,728 |
| Mar 2025 | $1.9m | $85,805 | $64,381 |
| Apr 2025 | $2.45m | $120,181 | $98,852 |
| May 2025 | $4.38m | $213,598 | $173,564 |
| Jun 2025 | $5.07m | $216,567 | $166,169 |
| Jul 2025 | $7.21m | $297,700 | $238,700 |
| Aug 2025 | $8.43m | $342,139 | $243,079 |
| Sep 2025 | $9.8m | $638,395 | $493,065 |
| Oct 2025 | $11.6m | $817,851 | $720,458 |
| Nov 2025 | $8.36m | $518,878 | $362,958 |
| Dec 2025 | $4.92m | $298,949 | $169,499 |
| Jan 2026 | $3.93m | $233,368 | $113,956 |
| Feb 2026 | $2.81m | $160,350 | $131,132 |
| Mar 2026 | $2.68m | $153,257 | $88,189 |
| Apr 2026 | $2.72m | $155,431 | $46,895 |
| May 2026 | $2.34m | $99,784 | $0 |
| Jun 2026 | $2.07m | $62,398 | $0 |
| Jul 2026 | $2.2m | $68,120 | $0 |
| Aug 2026 | $2.3m | $72,963 | $1.20 |
| Sep 2026 | $1.79m | $72,248 | $0.03 |
| Oct 2026 (to date) | $1.57m | $73,445 | $0.24 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/euler-v2
Frequently asked questions
What is Euler V2's TVL?
As of Oct 28, 2026, Euler V2 has $282.81m in total value locked. TVL has decreased 20.2% over the past 30 days.
What chains does Euler V2 operate on?
Euler V2 operates on 17 chains: Monad, Ethereum, Base, BOB, and Avalanche and 12 others. Monad holds the largest share at 71.7%.
How much has Euler V2 generated in fees and revenue?
Over the past 30 days, Euler V2 generated $1.68m in fees. Of that, $78,234 was protocol revenue. Based on the trailing year, the annualized rate is $39.19m in fees and $2.07m in revenue.
How does Euler V2's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Euler V2 ranks #16 by TVL. The category holds $52.344b across 518 protocols, and Euler V2 accounts for 0.5% of that total. Similar protocols include Morpho Blue, Aave V3, Impermax V2, PWN, Compound V3, Gearbox, Tarot, Ajna V2, Venus Core Pool, and Folks Finance xChain.
How much has been borrowed through Euler V2?
As of Oct 28, 2026, Euler V2 has $231.84m in active loans.