Ask about Euler · freeTotal Value Locked$278.71m
TVL by Chain
Monad$202.77m
Ethereum$52.07m
Base$12.41m
Avalanche$4.37m
Unichain$1.83m
Plasma$1.51m
Hyperliquid L1$1.3m
Arbitrum$718,564
BSC$544,005
BOB$519,039
Linea$268,354
Sonic$256,116
Berachain$128,539
TAC$8,309
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$55,653
Avalanche$22,232
Ethereum$16,638
Monad$13,700
BSC$927
Plasma$823
Base$701
Hyperliquid L1$360
Arbitrum$98.54
Unichain$63.77
Linea$44.35
Berachain$40.16
BOB$16.93
Sonic$8.43
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$2,710
Ethereum$1,362
Avalanche$1,200
BSC$86.19
Plasma$39.60
Hyperliquid L1$17.94
Arbitrum$4.67
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
Incentives 1y$1.15m
Incentives 30d$21,016
Incentives 7d$1,498
Incentives 24h$7.61
Cumulative Incentives$5.37m
Earnings (Annualized)$926,171
Earnings 30d$57,218
Earnings 7d$17,432
Earnings 24h$2,702
Cumulative Earnings-$552,975
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$12.38
Ethereum$12.38
Arbitrum$0
Avalanche$0
Base$0
Berachain$0
BOB$0
BSC$0
Hyperliquid L1$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
Market Cap$29.44m
$EUL Price$1.23
Fully Diluted Valuation$33.3m
Outstanding FDV$33.43m
$EUL Volume 24h$1.33m
CEX Volume$1.31m
DEX Volume$199,885(15.06% of total)
Active Loans$322.79m
Treasury$5.63m
Majors$227,080
Stablecoins$486,146
Own Tokens$4.92m
Others$1,046
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 APY12.23%
User Activity
Active Addresses (24h)177
Transactions (24h)1,566
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 28, 2026.
All-time high TVL: $2.202b on Oct 6, 2025. All-time low TVL: $506 on Dec 12, 2021.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| 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 |
| Oct 28, 2026 | $283.05m |
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 28, 2026 (latest) | $283.05m |
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) | $1.57m | $73,446 | $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 28, 2026, Euler has $278.71m in total value locked. TVL has decreased 21.4% over the past 30 days.
What chains does Euler operate on?
Euler operates on 17 chains: Ethereum, Monad, Base, Avalanche, and Unichain and 12 others. Monad holds the largest share at 72.8%.
How much has Euler generated in fees and revenue?
Over the past 30 days, Euler 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.
What is the EUL token price and valuation?
EUL is currently trading at $1.23. Its circulating market capitalization is $29.44m, ranking it #880. Its fully diluted valuation is $33.3m. Supply currently stands at 24.03m circulating, 27.18m total supply, 27.18m maximum supply.
How has EUL performed recently?
EUL is down 1.4% over the past 7 days and down 15.8% over the past 30 days. Its all-time high is $15.81, reached on Jul 10, 2025. The token is currently 92.2% 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 $52.141b across 516 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 28, 2026, Euler has $322.79m in active loans.
Does Euler have a treasury?
Euler has a tracked treasury currently valued at $5.63m. Its holdings include $486,146 in stablecoins, $227,080 in major assets, $4.92m in its own tokens, $1,046 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.