Ask about Euler · freeTotal Value Locked$283.38m
TVL by Chain
Monad$208.31m
Ethereum$51m
Base$11.9m
Avalanche$4.28m
Plasma$2.48m
Unichain$1.74m
Hyperliquid L1$1.16m
Arbitrum$798,878
BOB$515,933
BSC$492,275
Sonic$340,511
Linea$237,833
Berachain$114,594
TAC$7,560
Swellchain$0
Mantle$0
Key Metrics
Fees 30d$544,982
Fees 30d by chain
Monad$412,532
Ethereum$52,025
Avalanche$31,893
Base$23,587
Hyperliquid L1$9,559
Plasma$5,201
BSC$3,377
Arbitrum$2,547
Unichain$1,686
Berachain$1,173
Linea$791.86
BOB$393.03
Sonic$209.11
TAC$14.96
Fees 7d$125,486
Monad$95,684
Ethereum$10,469
Base$7,574
Avalanche$7,337
Hyperliquid L1$1,394
BSC$792
Plasma$786.73
Arbitrum$541.39
Unichain$444.54
Berachain$264.71
BOB$89.34
Linea$61.72
Sonic$40.78
TAC$5.27
Fees 24h$18,165
Monad$13,597
Ethereum$1,571
Base$1,367
Avalanche$1,032
Hyperliquid L1$221
BSC$113
Plasma$85.73
Unichain$60.51
Arbitrum$52.93
Berachain$37.90
BOB$12.55
Linea$8.47
Sonic$5.80
Cumulative Fees$87.79m
Ethereum$51.65m
Avalanche$12.12m
Plasma$6.96m
Sonic$3.47m
Linea$2.38m
Berachain$2.22m
Unichain$1.98m
Monad$1.96m
Arbitrum$1.86m
BSC$1.49m
Base$965,708
TAC$276,956
Swellchain$273,837
BOB$140,845
Hyperliquid L1$40,627
Revenue 30d$2,783
Revenue 30d by chain
Avalanche$1,643
Hyperliquid L1$477
Ethereum$309.68
BSC$244
Arbitrum$105.03
Berachain$2.03
Plasma$1.24
Base$0.23
BOB$0
Linea$0
Monad$0
Sonic$0
TAC$0
Unichain$0
Revenue 7d$573.94
Avalanche$379.19
Hyperliquid L1$69.73
BSC$57.51
Ethereum$51.59
Arbitrum$15.59
Plasma$0.28
Base$0
Berachain$0
BOB$0
Linea$0
Monad$0
Sonic$0
TAC$0
Unichain$0
Revenue 24h$82.04
Avalanche$53.53
Hyperliquid L1$11.03
BSC$8.13
Ethereum$7.38
Arbitrum$1.93
Plasma$0.04
Base$0
Berachain$0
BOB$0
Linea$0
Monad$0
Sonic$0
Unichain$0
Cumulative Revenue$4.59m
Ethereum$2.08m
Avalanche$869,870
Plasma$453,231
Sonic$261,272
Linea$236,842
Unichain$195,373
Arbitrum$153,839
Berachain$122,419
BSC$114,422
Base$32,430
Monad$27,387
Swellchain$25,121
TAC$14,736
BOB$6,913
Hyperliquid L1$2,031
Holders Revenue 30d$0.29
Holders Revenue 30d by chain
Berachain$0.29
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$0.07
Berachain$0.07
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 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
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$764,456
Incentives 30d$21,032
Incentives 7d$706.85
Incentives 24h$63.62
Cumulative Incentives$5.37m
Earnings (Annualized)$785,582
Earnings 30d-$18,250
Earnings 7d-$132.91
Earnings 24h$18.42
Cumulative Earnings-$775,017
Collateral Liquidated 30d$92,326
Collateral Liquidated 30d by chain
Sonic$33,006
Ethereum$32,547
Hyperliquid L1$22,638
Base$1,868
Monad$1,587
BSC$295.49
Berachain$229
Arbitrum$102.48
Unichain$32.56
Linea$22
Avalanche$0
BOB$0
Plasma$0
Collateral Liquidated 7d$39,697
Sonic$33,006
Ethereum$3,171
Monad$1,459
Hyperliquid L1$1,423
Base$319
BSC$288.11
Linea$22
Unichain$9.54
Arbitrum$0
Avalanche$0
Berachain$0
BOB$0
Plasma$0
Collateral Liquidated 24h$206
Hyperliquid L1$206
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$332,262
Ethereum$264,966
Sonic$34,512
Hyperliquid L1$22,638
Base$3,496
Monad$3,014
BSC$1,695
Avalanche$499
Berachain$483.90
Unichain$453.56
Arbitrum$418.68
Plasma$65
Linea$22
BOB$0
Market Cap$23.69m
$EUL Price$0.99
Fully Diluted Valuation$26.8m
Outstanding FDV$26.8m
$EUL Volume 24h$588,214
CEX Volume$503,585
DEX Volume$102,188(17.37% of total)
Active Loans$317.35m
Treasury$4.72m
Majors$217,404
Stablecoins$486,143
Own Tokens$4.02m
Others$1,042
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 Tracked139
Average Supply APY13.79%
User Activity
Active Addresses (24h)190
Transactions (24h)619
Hacks
Date: Mar 13, 2023
Protocol: Euler V1
Amount: $197m
Classification: Token & Share Accounting
Technique: Donation Attack
On March 13, 2023, Euler Finance was exploited via flash loan attack on the donateToReserves function. The attacker stole ~$197M in DAI, USDC, stETH, and WBTC via account balance inflation without actual collateral. The hacker returned funds within weeks; recovery completed by early April.
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 Nov 7, 2026.
All-time high TVL: $2.202b on Oct 6, 2025. All-time low TVL: $506 on Dec 12, 2021.
Daily TVL, Oct 9, 2026 to Nov 7, 2026
| Date | TVL |
|---|---|
| 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 |
| Oct 29, 2026 | $278.13m |
| Oct 30, 2026 | $266.67m |
| Oct 31, 2026 | $268.67m |
| Nov 1, 2026 | $268.86m |
| Nov 2, 2026 | $269.25m |
| Nov 3, 2026 | $271.63m |
| Nov 4, 2026 | $274.95m |
| Nov 5, 2026 | $268.24m |
| Nov 6, 2026 | $263.9m |
| Nov 7, 2026 | $284.08m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| 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 31, 2026 | $268.67m |
| Nov 7, 2026 (latest) | $284.08m |
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, Dec 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| 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 | $1.3m | $9,826 | $0 |
| Aug 2026 | $1.66m | $31,185 | $1.16 |
| Sep 2026 | $1m | $18,560 | $0.03 |
| Oct 2026 | $595,852 | $2,992 | $0.31 |
| Nov 2026 (to date) | $124,543 | $575.53 | $0 |
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 Nov 7, 2026, Euler has $283.38m in total value locked. TVL has decreased 11.7% over the past 30 days.
What chains does Euler operate on?
Euler operates on 17 chains: Ethereum, Monad, Base, Avalanche, and Plasma and 12 others. Monad holds the largest share at 73.5%.
How much has Euler generated in fees and revenue?
Over the past 30 days, Euler generated $544,982 in fees. Of that, $2,783 was protocol revenue. Based on the trailing year, the annualized rate is $31.59m in fees and $1.55m in revenue.
What is the EUL token price and valuation?
EUL is currently trading at $0.98. Its circulating market capitalization is $23.66m, ranking it #949. Its fully diluted valuation is $26.76m. Supply currently stands at 24.03m circulating, 27.18m total supply, 27.18m maximum supply.
How has EUL performed recently?
EUL is down 8.9% over the past 7 days and down 31.3% over the past 30 days. Its all-time high is $15.81, reached on Jul 10, 2025. The token is currently 93.8% 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 $50.031b across 518 protocols, and Euler accounts for 0.6% 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 Nov 7, 2026, Euler has $317.35m in active loans.
Does Euler have a treasury?
Euler has a tracked treasury currently valued at $4.72m. Its holdings include $486,143 in stablecoins, $217,404 in major assets, $4.02m in its own tokens, $1,042 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.