Total Value Locked$26,056
TVL by Chain
Ethereum$26,056
The chart plots Active Loans as its own series; it is not part of the TVL above.
Key Metrics
Active Loans$0
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
Permissionless crypto lending markets are almost here. Euler is a non-custodial protocol on Ethereum that allows users to lend and borrow almost any crypto asset
Audits:
Methodology
TVL: TVL is supply balance minus borrows the euler contract. Borrows are pulled from the subgraph.View code on GitHubHacks
Date: Mar 13, 2023
Amount: $197m
Classification: Token & Share Accounting
Technique: Donation Attack
Chains: Ethereum
Language: Solidity
Target Type: DeFi Protocol
Returned Funds: $240m
Competitors
Euler V1 history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Dec 12, 2021 to Oct 20, 2026.
All-time high TVL: $333.22m on Nov 6, 2022. All-time low TVL: $506 on Dec 12, 2021.
Daily TVL, Sep 21, 2026 to Oct 20, 2026
| Date | TVL |
|---|---|
| Sep 21, 2026 | $29,834 |
| Sep 22, 2026 | $30,834 |
| Sep 23, 2026 | $30,927 |
| Sep 24, 2026 | $30,750 |
| Sep 25, 2026 | $31,119 |
| Sep 26, 2026 | $31,239 |
| Sep 27, 2026 | $31,862 |
| Sep 28, 2026 | $31,115 |
| Sep 29, 2026 | $30,670 |
| Sep 30, 2026 | $30,805 |
| Oct 1, 2026 | $30,512 |
| Oct 2, 2026 | $30,323 |
| Oct 3, 2026 | $29,907 |
| Oct 4, 2026 | $30,967 |
| Oct 5, 2026 | $31,325 |
| Oct 6, 2026 | $31,044 |
| Oct 7, 2026 | $30,474 |
| Oct 8, 2026 | $30,645 |
| Oct 9, 2026 | $28,822 |
| Oct 10, 2026 | $29,325 |
| Oct 11, 2026 | $29,621 |
| Oct 12, 2026 | $30,210 |
| Oct 13, 2026 | $28,529 |
| Oct 14, 2026 | $28,650 |
| Oct 15, 2026 | $26,741 |
| Oct 16, 2026 | $27,728 |
| Oct 17, 2026 | $27,323 |
| Oct 18, 2026 | $26,420 |
| Oct 19, 2026 | $26,430 |
| Oct 20, 2026 | $26,161 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $73,985 |
| Dec 31, 2024 | $85,183 |
| Jan 31, 2025 | $74,372 |
| Feb 28, 2025 | $72,498 |
| Mar 31, 2025 | $80,335 |
| Apr 30, 2025 | $106,973 |
| May 31, 2025 | $115,134 |
| Jun 30, 2025 | $138,393 |
| Jul 31, 2025 | $166,078 |
| Aug 31, 2025 | $130,978 |
| Sep 30, 2025 | $125,207 |
| Oct 31, 2025 | $114,856 |
| Nov 30, 2025 | $62,709 |
| Dec 31, 2025 | $49,379 |
| Jan 31, 2026 | $34,350 |
| Feb 28, 2026 | $24,810 |
| Mar 31, 2026 | $22,127 |
| Apr 30, 2026 | $28,288 |
| May 31, 2026 | $27,750 |
| Jun 30, 2026 | $20,505 |
| Jul 31, 2026 | $25,975 |
| Aug 31, 2026 | $27,705 |
| Sep 30, 2026 | $30,805 |
| Oct 20, 2026 (latest) | $26,161 |
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 | $85,183 |
| Dec 31, 2025 | $49,379 |
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-v1
Frequently asked questions
What is Euler V1's TVL?
As of Oct 20, 2026, Euler V1 has $26,056 in total value locked. TVL has decreased 13.9% over the past 30 days.
What chains does Euler V1 operate on?
Euler V1 operates on Ethereum. Ethereum holds the largest share at 100%.
How does Euler V1's TVL compare to similar protocols?
Among Lending protocols tracked by DefiLlama, Euler V1 ranks #275 by TVL. The category holds $51.939b across 515 protocols, and Euler V1 accounts for <0.1% of that total. Similar protocols include Aave V3, Morpho Blue, SparkLend, Maple, Compound V3, Venus Core Pool, Lista Lending, Fluid Lending, Aave V4, and Euler V2.
How much has been borrowed through Euler V1?
As of Oct 20, 2026, Euler V1 has $0 in active loans.
Has Euler V1 ever been exploited?
Euler V1 has 1 recorded security incident. The most recent incident occurred on Mar 13, 2023 and involved $197m. It was classified as Token & Share Accounting.