Logo of Euler V2Euler V2(EUL)

Total Value Locked$352.71m

TVL by Chain

Monad$262.62m

Ethereum$53.78m

Base$17.22m

BOB$4.99m

Avalanche$4.63m

Hyperliquid L1$2.21m

Plasma$1.99m

Unichain$1.93m

BSC$1.48m

Arbitrum$1.05m

Linea$336,894

Sonic$273,524

Berachain$168,995

TAC$9,839

Swellchain$0

Mantle$0

Key Metrics

Fees 30d$1.59m
Fees 30d by chain

Avalanche$549,727

Ethereum$527,076

Monad$433,514

Base$26,177

Plasma$22,274

BSC$19,709

Hyperliquid L1$5,390

Arbitrum$5,227

Unichain$1,302

Berachain$1,069

Linea$608.50

BOB$389.98

Sonic$141.62

TAC$41.55

Fees 7d$400,504

Avalanche$145,944

Monad$119,941

Ethereum$112,155

Base$6,769

Plasma$6,049

BSC$5,680

Arbitrum$1,603

Hyperliquid L1$1,468

Berachain$278.07

Unichain$268.90

Linea$174.50

BOB$113.04

Sonic$46.35

TAC$14.07

Fees 24h$57,693

Avalanche$20,945

Monad$17,468

Ethereum$16,156

Base$932

Plasma$837

BSC$817

Hyperliquid L1$300

Arbitrum$111

Berachain$39.67

Unichain$38.38

Linea$25.07

BOB$16.72

Sonic$6.41

TAC$0

Cumulative Fees$89.04m

Ethereum$52.15m

Avalanche$13.22m

Plasma$6.98m

Sonic$3.81m

Linea$2.38m

Berachain$2.2m

Unichain$1.99m

Arbitrum$1.87m

BSC$1.52m

Monad$1.25m

Base$930,194

Swellchain$317,864

TAC$277,684

BOB$140,442

Hyperliquid L1$5,690

Revenue 30d$65,083
Revenue 30d by chain

Ethereum$32,491

Avalanche$29,225

BSC$1,861

Plasma$1,073

Hyperliquid L1$269.67

Arbitrum$160.38

Base$0.27

Berachain$0.11

BOB$0

Linea$0

Monad$0

Sonic$0

TAC$0

Unichain$0

Revenue 7d$17,387

Ethereum$8,668

Avalanche$7,789

BSC$531.23

Plasma$278.85

Hyperliquid L1$73.28

Arbitrum$45.18

Base$0.07

Berachain$0.07

BOB$0

Linea$0

Monad$0

Sonic$0

TAC$0

Unichain$0

Revenue 24h$2,503

Ethereum$1,250

Avalanche$1,116

BSC$77.01

Plasma$39.73

Hyperliquid L1$15.03

Arbitrum$5.34

Base$0.01

Berachain$0.01

BOB$0

Linea$0

Monad$0

Sonic$0

TAC$0

Unichain$0

Cumulative Revenue$4.75m

Ethereum$2.15m

Avalanche$929,112

Plasma$455,054

Sonic$286,833

Linea$237,290

Unichain$196,427

Arbitrum$154,261

Berachain$121,314

BSC$117,301

Base$32,427

Swellchain$29,150

Monad$26,864

TAC$14,758

BOB$6,917

Hyperliquid L1$284.70

Holders Revenue 30d$0.03
Holders Revenue 30d by chain

Berachain$0.03

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$0.02

Berachain$0.02

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

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

BSC$90,035

Base$28,964

Swellchain$25,034

TAC$12,856

Monad$7,045

BOB$6,210

Hyperliquid L1$0

Cumulative Collateral Liquidated$239,936
Cumulative Collateral Liquidated by chain

Ethereum$232,419

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

Linea$0

Active Loans$369.63m

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.

WebsiteX/Twitter
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 Tracked153

Average Supply APY10.29%

User Activity

Active Addresses (24h)248

Transactions (24h)939

Competitors

Morpho Blue ($10.989b)Aave V3 ($18.055b)Impermax V2 ($600,947)PWN ($23,020)Compound V3 ($1.494b)Gearbox ($24.91m)Tarot ($757,085)Ajna V2 ($50,674)Venus Core Pool ($1.306b)TermMax ($27.07m)

Frequently Asked Questions

What is Euler V2's TVL?

Euler V2 currently has $352.71m in total value locked. TVL has decreased 5.8% over the past 30 days.

What chains does Euler V2 operate on?

Euler V2 operates on 17 chains: Monad, Ethereum, Base, BOB, and Avalanche and 12 others. Monad holds the largest share at 74.5%.

How much has Euler V2 generated in fees and revenue?

Over the past 30 days, Euler V2 generated $1.59m in fees. Of that, $65,083 was protocol revenue. Based on the trailing year, the annualized rate is $48.87m in fees and $2.81m in revenue.

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

Among Lending protocols tracked by DefiLlama, Euler V2 ranks #15 by TVL. The category holds $54.391b across 521 protocols, and Euler V2 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 V2?

Euler V2 currently has $369.63m in active loans.