Logo of Euler V2Euler V2(EUL)
Total Value Locked$347.26m

TVL by Chain

Monad$246.61m

Ethereum$66.6m

Base$14.38m

BOB$4.99m

Avalanche$4.56m

Hyperliquid L1$2.85m

Plasma$2.08m

Unichain$1.91m

BSC$1.38m

Arbitrum$1.09m

Linea$377,276.61

Sonic$260,752.25

Berachain$150,223.74

TAC$9,508.85

Swellchain$0

Mantle$0

Key Metrics

Fees 30d$1.33m
Fees 30d by chain

Ethereum$625,393

Avalanche$367,849

Monad$285,831

Plasma$15,892

Base$15,380

BSC$10,706

Unichain$2,708.78

Arbitrum$2,081.05

Berachain$747

Linea$416.86

BOB$226.2

Sonic$71.81

TAC$62.65

Fees 7d$406,104

Ethereum$174,206

Avalanche$119,611

Monad$96,893

Plasma$4,934

Base$4,704

BSC$3,981

Arbitrum$886

Unichain$409.78

Berachain$236.93

Linea$118.57

BOB$82.29

Sonic$27.37

TAC$12.88

Fees 24h$61,945

Ethereum$23,754

Avalanche$20,121

Monad$15,520

Base$803

Plasma$790

BSC$674

Arbitrum$137

Unichain$68.46

Berachain$39.5

Linea$19.8

BOB$13.6

Sonic$4.68

TAC$0

Cumulative Fees$87.86m

Ethereum$51.81m

Avalanche$12.78m

Plasma$6.97m

Sonic$3.81m

Linea$2.38m

Berachain$2.2m

Unichain$1.99m

Arbitrum$1.86m

BSC$1.51m

Monad$911,867

Base$908,592

Swellchain$317,864.18

TAC$277,655.31

BOB$140,131.07

Revenue 30d$44,883
Revenue 30d by chain

Ethereum$21,191

Avalanche$19,421

Monad$2,430

BSC$999.17

Plasma$753.45

Arbitrum$87.12

Base$0.1

Berachain$0

BOB$0

Linea$0

Sonic$0

TAC$0

Unichain$0

Revenue 7d$13,952

Ethereum$6,960

Avalanche$6,336

BSC$379.8

Plasma$237.47

Arbitrum$39.07

Base$0.06

Berachain$0

BOB$0

Linea$0

Monad$0

Sonic$0

TAC$0

Unichain$0

Revenue 24h$2,352

Ethereum$1,175

Avalanche$1,066

BSC$64.96

Plasma$39.59

Arbitrum$6.36

Base$0.01

Berachain$0

BOB$0

Linea$0

Monad$0

Sonic$0

TAC$0

Unichain$0

Cumulative Revenue$4.7m

Ethereum$2.12m

Avalanche$906,173

Plasma$454,218.25

Sonic$286,833.22

Linea$237,290.1

Unichain$196,426.92

Arbitrum$154,140.96

Berachain$121,313.96

BSC$115,807.7

Base$32,427.2

Swellchain$29,149.79

Monad$26,864.17

TAC$14,757.5

BOB$6,916.95

Holders Revenue 30d$1.19
Holders Revenue 30d by chain

Berachain$1.19

Arbitrum$0

Avalanche$0

Base$0

BOB$0

BSC$0

Ethereum$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

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

Linea$0

Monad$0

Plasma$0

Sonic$0

TAC$0

Unichain$0

Cumulative Holders Revenue$3.19m

Ethereum$1.34m

Avalanche$594,982

Plasma$345,380

Linea$226,086

Unichain$165,621

Arbitrum$143,766

Sonic$107,951

Berachain$96,976.19

BSC$90,035

Base$28,964

Swellchain$25,034

TAC$12,856

Monad$7,045

BOB$6,210

Cumulative Collateral Liquidated$239,935.56
Cumulative Collateral Liquidated by chain

Ethereum$232,419.26

Base$1,627.71

Sonic$1,506

Monad$1,427

BSC$1,400

Avalanche$499

Unichain$421

Arbitrum$316.2

Berachain$254.9

Plasma$65

BOB$0

Linea$0

Active Loans$371.71m

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.

WebsiteTwitter
Category:Lending

Audits:

Methodology

TVL: TVL is supply balance minus borrows the euler contract. Borrowed excludes vaults whose underlying or whose accepted collateral vaults' underlyings have no price in coins.llama.fi (treated as worthless/insolvent).View code on GitHubFees: Includes interest that is paid by the borrowers, protocol and curators fees.View code on GitHubRevenue: Fees collected by Euler protocol.View code on GitHubHolders Revenue: Revenue used for buy back EUL tokens.View code on GitHubCollateral Liquidated: Total USD value of collateral seized in Euler v2 eVault Liquidate events.View code on GitHub

Yields

Pools Tracked151

Average Supply APY10.13%

User Activity

Active Addresses (24h)306

Transactions (24h)923

Competitors

Aave V3 ($17.629b)Morpho Blue ($9.763b)Impermax V2 ($592,783.62)PWN ($22,284.16)Compound V3 ($1.439b)TermMax ($30.47m)Gearbox ($22.48m)Folks Finance xChain ($5.43m)Sumer.money ($1.28m)Avalon Finance ($1.27m)

Frequently Asked Questions

What is Euler V2's TVL?

Euler V2 currently has $347.26m in total value locked. TVL has decreased 1.3% over the past 30 days.

What chains does Euler V2 operate on?

Euler V2 operates on 16 chains: Swellchain, Mantle, TAC, Unichain, and Berachain and 11 others. Monad holds the largest share at 71%.

How much has Euler V2 generated in fees and revenue?

Over the past 30 days, Euler V2 generated $1.33m in fees. Of that, $44,883 was protocol revenue. Based on the trailing year, the annualized rate is $55.07m in fees and $3.3m in revenue.

How does Euler V2's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, Euler V2 ranks #14 by TVL. The category holds $50.651b across 517 protocols, and Euler V2 accounts for 0.7% of that total. Other leading protocols include Aave V3, Morpho Blue, Impermax V2, PWN, Compound V3, TermMax, Gearbox, Folks Finance xChain, Sumer.money, and Avalon Finance.

How much has been borrowed through Euler V2?

Euler V2 currently has $371.71m in active loans.