Ask about Euler · freeTotal Value Locked$290.88m
TVL by Chain
Monad$207.63m
Ethereum$52.78m
Base$13.4m
BOB$4.98m
Avalanche$4.48m
Plasma$1.89m
Unichain$1.88m
Hyperliquid L1$1.76m
Arbitrum$851,987
BSC$543,012
Linea$281,305
Sonic$268,262
Berachain$136,407
TAC$9,122
Swellchain$0
Mantle$0
Key Metrics
Fees 30d$1.7m
Fees 30d by chain
Avalanche$633,694
Ethereum$488,125
Monad$484,963
Base$27,221
Plasma$25,113
BSC$24,524
Hyperliquid L1$6,769
Arbitrum$4,786
Unichain$1,423
Berachain$1,256
Linea$768.98
BOB$491.94
Sonic$220.56
TAC$32.93
Fees 7d$381,307
Avalanche$151,296
Ethereum$113,119
Monad$97,413
BSC$5,882
Plasma$5,571
Base$5,306
Hyperliquid L1$1,035
Arbitrum$623.33
Unichain$360.82
Berachain$329.38
Linea$183.39
BOB$118.71
Sonic$68.09
TAC$1.93
Fees 24h$54,817
Avalanche$21,749
Ethereum$16,437
Monad$14,050
BSC$840
Base$692
Plasma$666
Hyperliquid L1$149
Arbitrum$86.37
Berachain$46.26
Unichain$45.87
Linea$29.25
BOB$16.87
Sonic$9.59
TAC$0
Cumulative Fees$90.41m
Ethereum$52.79m
Avalanche$13.79m
Plasma$7.02m
Sonic$3.47m
Linea$2.38m
Berachain$2.22m
Unichain$1.98m
Arbitrum$1.86m
Monad$1.71m
BSC$1.54m
Base$957,847
TAC$277,001
Swellchain$273,837
BOB$140,816
Hyperliquid L1$18,889
Revenue 30d$76,141
Revenue 30d by chain
Ethereum$38,272
Avalanche$33,875
BSC$2,304
Plasma$1,194
Hyperliquid L1$337.88
Arbitrum$150.81
Berachain$3.22
Base$0.30
BOB$0
Linea$0
Monad$0
Sonic$0
TAC$0
Unichain$0
Revenue 7d$18,200
Ethereum$9,166
Avalanche$8,123
BSC$552.31
Plasma$277.48
Hyperliquid L1$51.70
Arbitrum$25.86
Berachain$2.49
Base$0.07
BOB$0
Linea$0
Monad$0
Sonic$0
TAC$0
Unichain$0
Revenue 24h$2,627
Ethereum$1,320
Avalanche$1,175
BSC$79.20
Plasma$39.62
Hyperliquid L1$7.44
Arbitrum$5.12
Berachain$0.31
Base$0.01
BOB$0
Linea$0
Monad$0
Sonic$0
TAC$0
Unichain$0
Cumulative Revenue$4.79m
Ethereum$2.18m
Avalanche$958,241
Plasma$456,843
Sonic$261,272
Linea$236,842
Unichain$195,373
Arbitrum$153,795
Berachain$122,424
BSC$118,780
Base$32,430
Monad$27,465
Swellchain$25,121
TAC$14,736
BOB$6,913
Hyperliquid L1$945.66
Holders Revenue 30d$0.04
Holders Revenue 30d by chain
Berachain$0.04
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$1.48m
Incentives 30d$24,192
Incentives 7d$18,207
Incentives 24h$58.31
Cumulative Incentives$5.37m
Earnings (Annualized)$783,193
Earnings 30d$51,949
Earnings 7d-$7.49
Earnings 24h$2,569
Cumulative Earnings-$575,614
Collateral Liquidated 30d$230.76
Collateral Liquidated 30d by chain
Ethereum$230.76
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
Collateral Liquidated 7d$230.76
Ethereum$230.76
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$240,166
Ethereum$232,650
Base$1,628
Sonic$1,506
Monad$1,427
BSC$1,400
Avalanche$499
Unichain$421
Arbitrum$316.20
Berachain$254.90
Plasma$65
BOB$0
Hyperliquid L1$0
Linea$0
Market Cap$27.73m
$EUL Price$1.15
Fully Diluted Valuation$31.36m
Outstanding FDV$31.26m
$EUL Volume 24h$1.13m
CEX Volume$1.18m
DEX Volume$161,807(14.37% of total)
Active Loans$238.93m
Treasury$5.44m
Majors$233,826
Stablecoins$486,298
Own Tokens$4.72m
Others$1,341
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 Tracked135
Average Supply APY10.79%
User Activity
Active Addresses (24h)116
Transactions (24h)455
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 18, 2026.
All-time high TVL: $2.202b on Oct 6, 2025. All-time low TVL: $506 on Dec 12, 2021.
Daily TVL, Sep 19, 2026 to Oct 18, 2026
| Date | TVL |
|---|---|
| Sep 19, 2026 | $359.28m |
| Sep 20, 2026 | $358.97m |
| Sep 21, 2026 | $358.59m |
| Sep 22, 2026 | $348.97m |
| Sep 23, 2026 | $364.78m |
| Sep 24, 2026 | $353.86m |
| Sep 25, 2026 | $354.28m |
| Sep 26, 2026 | $354.65m |
| Sep 27, 2026 | $354.37m |
| 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 |
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 18, 2026 (latest) | $287.39m |
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) | $1.01m | $46,525 | $0.02 |
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 18, 2026, Euler has $290.88m in total value locked. TVL has decreased 16.6% 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 71.4%.
How much has Euler generated in fees and revenue?
Over the past 30 days, Euler generated $1.7m in fees. Of that, $76,141 was protocol revenue. Based on the trailing year, the annualized rate is $42.01m in fees and $2.27m in revenue.
What is the EUL token price and valuation?
EUL is currently trading at $1.14. Its circulating market capitalization is $27.47m, ranking it #880. Its fully diluted valuation is $31.06m. Supply currently stands at 24.03m circulating, 27.18m total supply, 27.18m maximum supply.
How has EUL performed recently?
EUL is down 16.1% over the past 7 days and down 13.3% over the past 30 days. Its all-time high is $15.81, reached on Jul 10, 2025. The token is currently 92.8% 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 $51.558b across 516 protocols, and Euler accounts for 0.6% of that total. Other leading protocols include Morpho Blue, Aave V3, Impermax V2, PWN, Compound V3, Gearbox, Tarot, Ajna V2, Venus Core Pool, and TermMax.
How much has been borrowed through Euler?
As of Oct 18, 2026, Euler has $238.93m in active loans.
Does Euler have a treasury?
Euler has a tracked treasury currently valued at $5.44m. Its holdings include $486,298 in stablecoins, $233,826 in major assets, $4.72m in its own tokens, $1,341 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.