Ask about Euler · freeTotal Value Locked$283.17m
TVL by Chain
Monad$202.52m
Ethereum$52.19m
Base$12.49m
BOB$4.98m
Avalanche$4.37m
Unichain$1.82m
Plasma$1.51m
Hyperliquid L1$1.33m
Arbitrum$720,353
BSC$571,192
Linea$267,099
Sonic$257,159
Berachain$123,435
TAC$8,281
Swellchain$0
Mantle$0
Key Metrics
Fees 30d$1.69m
Fees 30d by chain
Avalanche$645,813
Ethereum$489,836
Monad$459,176
BSC$25,444
Plasma$24,402
Base$23,773
Hyperliquid L1$10,275
Arbitrum$3,005
Unichain$1,624
Berachain$1,269
Linea$919.93
BOB$509.68
Sonic$248.26
TAC$25.12
Fees 7d$390,088
Avalanche$154,250
Ethereum$115,395
Monad$96,299
BSC$6,287
Plasma$5,624
Hyperliquid L1$5,573
Base$4,769
Arbitrum$652.47
Unichain$459.35
Linea$309.17
Berachain$285.91
BOB$119.54
Sonic$64.92
TAC$0
Fees 24h$55,145
Avalanche$22,152
Ethereum$16,431
Monad$13,594
BSC$912
Plasma$731
Base$682
Hyperliquid L1$360
Arbitrum$98.10
Unichain$72.39
Linea$46.52
Berachain$40.21
BOB$16.90
Sonic$8.45
TAC$0
Cumulative Fees$90.86m
Ethereum$52.92m
Avalanche$13.96m
Plasma$7.02m
Sonic$3.47m
Linea$2.38m
Berachain$2.22m
Unichain$1.98m
Arbitrum$1.86m
Monad$1.82m
BSC$1.55m
Base$963,275
TAC$277,001
Swellchain$273,837
BOB$140,952
Hyperliquid L1$24,608
Revenue 30d$78,020
Revenue 30d by chain
Ethereum$39,168
Avalanche$34,621
BSC$2,389
Plasma$1,191
Hyperliquid L1$512.66
Arbitrum$130.93
Berachain$3.68
Base$0.30
BOB$0
Linea$0
Monad$0
Sonic$0
TAC$0
Unichain$0
Revenue 7d$18,862
Ethereum$9,396
Avalanche$8,292
BSC$587.76
Hyperliquid L1$278.09
Plasma$277.24
Arbitrum$29.64
Berachain$0.28
Base$0.07
BOB$0
Linea$0
Monad$0
Sonic$0
TAC$0
Unichain$0
Revenue 24h$2,692
Ethereum$1,344
Avalanche$1,200
BSC$85.50
Plasma$39.62
Hyperliquid L1$17.76
Arbitrum$4.66
Base$0.01
Berachain$0
BOB$0
Linea$0
Monad$0
Sonic$0
TAC$0
Unichain$0
Cumulative Revenue$4.81m
Ethereum$2.19m
Avalanche$967,709
Plasma$457,160
Sonic$261,272
Linea$236,842
Unichain$195,373
Arbitrum$153,830
Berachain$122,425
BSC$119,450
Base$32,430
Monad$27,465
Swellchain$25,121
TAC$14,736
BOB$6,913
Hyperliquid L1$1,231
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
Incentives 1y$1.17m
Incentives 30d$20,940
Incentives 7d$1,431
Incentives 24h$4.08
Cumulative Incentives$5.37m
Earnings (Annualized)$924,776
Earnings 30d$57,080
Earnings 7d$17,431
Earnings 24h$2,688
Cumulative Earnings-$555,592
Collateral Liquidated 30d$39,570
Collateral Liquidated 30d by chain
Ethereum$28,050
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$39,339
Ethereum$27,819
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 24h$20
Hyperliquid L1$20
Arbitrum$0
Avalanche$0
Base$0
Berachain$0
BOB$0
BSC$0
Ethereum$0
Linea$0
Monad$0
Plasma$0
Sonic$0
Unichain$0
Cumulative Collateral Liquidated$279,505
Ethereum$260,469
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
Market Cap$30.58m
$EUL Price$1.27
Fully Diluted Valuation$34.58m
Outstanding FDV$34.52m
$EUL Volume 24h$1.91m
CEX Volume$1.79m
DEX Volume$156,056(8.16% of total)
Active Loans$231.85m
Treasury$5.94m
Majors$227,176
Stablecoins$486,134
Own Tokens$5.23m
Others$1,099
Total Raised$40.8m
Dec 6, 2020$800,000Round: SeedInvestors: Lemniscap
Aug 25, 2021$8mRound: Series AInvestors: Anthony Sassano, Cluster Capital, CMT Digital, Danilo S. Carlucci, David Hoffmann, Divergence Ventures, DOUBLE TOP, Hasu Fl, Josh Buckley, Kain Warwick, LAUNCHub Ventures, Lemniscap, Luke Youngblood, Manu Andorra, Paradigm, Ric Burton, Ryan Sean Adams, Supriyo
Jun 7, 2022$32mRound: Investors: Haun Ventures, Variant Fund, FTX Ventures, Coinbase Ventures, Jump Crypto, Jane Street, Uniswap Labs Ventures
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.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Collateral Liquidated: USD value of collateral seized during protocol liquidations
Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Yields
Pools Tracked132
Average Supply APY11.83%
User Activity
Active Addresses (24h)153
Transactions (24h)383
Hacks
Date: Mar 13, 2023
Protocol: Euler V1
Amount: $197m
Classification: Token & Share Accounting
Technique: Donation Attack
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Returned Funds: $240m
Competitors
Euler history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Dec 12, 2021 to Oct 27, 2026.
All-time high TVL: $2.202b on Oct 6, 2025. All-time low TVL: $506 on Dec 12, 2021.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $354.47m |
| Sep 29, 2026 | $349.25m |
| Sep 30, 2026 | $353.11m |
| Oct 1, 2026 | $353.87m |
| Oct 2, 2026 | $349.27m |
| Oct 3, 2026 | $347.13m |
| Oct 4, 2026 | $347.84m |
| Oct 5, 2026 | $349.12m |
| Oct 6, 2026 | $348.02m |
| Oct 7, 2026 | $341.97m |
| Oct 8, 2026 | $320.81m |
| Oct 9, 2026 | $301.86m |
| Oct 10, 2026 | $301.79m |
| Oct 11, 2026 | $296.98m |
| Oct 12, 2026 | $303.43m |
| Oct 13, 2026 | $298.79m |
| Oct 14, 2026 | $300.8m |
| Oct 15, 2026 | $292.62m |
| Oct 16, 2026 | $290.52m |
| Oct 17, 2026 | $288.1m |
| Oct 18, 2026 | $287.39m |
| Oct 19, 2026 | $290.93m |
| Oct 20, 2026 | $290.55m |
| Oct 21, 2026 | $291.93m |
| Oct 22, 2026 | $287.97m |
| Oct 23, 2026 | $284.7m |
| Oct 24, 2026 | $282.48m |
| Oct 25, 2026 | $276.66m |
| Oct 26, 2026 | $280.4m |
| Oct 27, 2026 | $279.51m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $59.51m |
| Dec 31, 2024 | $107.19m |
| Jan 31, 2025 | $158.16m |
| Feb 28, 2025 | $290.88m |
| Mar 31, 2025 | $566.23m |
| Apr 30, 2025 | $775.47m |
| May 31, 2025 | $967.53m |
| Jun 30, 2025 | $1.128b |
| 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 | $1.014b |
| Jan 31, 2026 | $587.61m |
| Feb 28, 2026 | $500.63m |
| Mar 31, 2026 | $505.93m |
| Apr 30, 2026 | $374.4m |
| May 31, 2026 | $283.71m |
| Jun 30, 2026 | $296.23m |
| Jul 31, 2026 | $373.54m |
| Aug 31, 2026 | $374.46m |
| Sep 30, 2026 | $353.11m |
| Oct 27, 2026 (latest) | $279.51m |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $28.62m |
| Dec 31, 2022 | $173.71m |
| Dec 31, 2023 | $86,765 |
| Dec 31, 2024 | $107.19m |
| Dec 31, 2025 | $1.014b |
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) | $1.51m | $70,724 | $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
Frequently asked questions
What is Euler's TVL?
As of Oct 27, 2026, Euler has $283.17m in total value locked. TVL has decreased 20.1% over the past 30 days.
What chains does Euler operate on?
Euler operates on 17 chains: Ethereum, Monad, Base, BOB, and Avalanche and 12 others. Monad holds the largest share at 71.5%.
How much has Euler generated in fees and revenue?
Over the past 30 days, Euler generated $1.69m in fees. Of that, $78,020 was protocol revenue. Based on the trailing year, the annualized rate is $39.48m in fees and $2.09m in revenue.
What is the EUL token price and valuation?
EUL is currently trading at $1.27. Its circulating market capitalization is $30.58m, ranking it #822. Its fully diluted valuation is $34.58m. Supply currently stands at 24.03m circulating, 27.18m total supply, 27.18m maximum supply.
How has EUL performed recently?
EUL is up 10.3% over the past 7 days and down 16% over the past 30 days. Its all-time high is $15.81, reached on Jul 10, 2025. The token is currently 92% below that level.
How does Euler's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Euler ranks #16 by TVL. The category holds $52.456b across 517 protocols, and Euler 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?
As of Oct 27, 2026, Euler has $231.85m in active loans.
Does Euler have a treasury?
Euler has a tracked treasury currently valued at $5.94m. Its holdings include $486,134 in stablecoins, $227,176 in major assets, $5.23m in its own tokens, $1,099 in other assets.
Has Euler ever been exploited?
Euler has 1 recorded security incident. The most recent incident occurred on Mar 13, 2023 and involved $197m. It was classified as Token & Share Accounting.