Total Value Locked$285.81m
TVL by Chain
Monad$207.95m
Ethereum$52.41m
Base$13.38m
Avalanche$4.46m
Plasma$1.89m
Unichain$1.87m
Hyperliquid L1$1.76m
Arbitrum$847,777
BSC$545,240
Linea$277,100
Sonic$269,070
Berachain$134,113
BOB$23,779
TAC$9,130
Swellchain$0
Mantle$0
Key Metrics
Fees 30d$1.7m
Fees 30d by chain
Avalanche$636,426
Ethereum$488,731
Monad$480,349
Base$26,325
Plasma$24,773
BSC$24,736
Hyperliquid L1$6,471
Arbitrum$4,272
Unichain$1,431
Berachain$1,262
Linea$800.85
BOB$497.56
Sonic$229.43
TAC$32.93
Fees 7d$382,034
Avalanche$151,962
Ethereum$114,002
Monad$96,978
BSC$5,911
Base$5,295
Plasma$5,193
Hyperliquid L1$1,024
Arbitrum$609.11
Unichain$343.08
Berachain$320.47
Linea$209.66
BOB$118.67
Sonic$67.87
TAC$0
Fees 24h$54,806
Avalanche$21,871
Ethereum$16,385
Monad$13,956
BSC$864
Base$704
Plasma$648
Hyperliquid L1$147
Arbitrum$77.84
Unichain$44.26
Berachain$41.18
Linea$40.67
BOB$17.06
Sonic$9.95
TAC$0
Cumulative Fees$90.52m
Ethereum$52.82m
Avalanche$13.83m
Plasma$7.02m
Sonic$3.47m
Linea$2.38m
Berachain$2.22m
Unichain$1.98m
Arbitrum$1.86m
Monad$1.73m
BSC$1.54m
Base$959,210
TAC$277,001
Swellchain$273,837
BOB$140,850
Hyperliquid L1$19,182
Revenue 30d$76,491
Revenue 30d by chain
Ethereum$38,444
Avalanche$34,050
BSC$2,323
Plasma$1,193
Hyperliquid L1$322.94
Arbitrum$150.38
Berachain$3.47
Base$0.30
BOB$0
Linea$0
Monad$0
Sonic$0
TAC$0
Unichain$0
Revenue 7d$18,306
Ethereum$9,218
Avalanche$8,171
BSC$556.15
Plasma$277.31
Hyperliquid L1$51.15
Arbitrum$28.97
Berachain$2.04
Base$0.07
BOB$0
Linea$0
Monad$0
Sonic$0
TAC$0
Unichain$0
Revenue 24h$2,630
Ethereum$1,321
Avalanche$1,176
BSC$81.27
Plasma$39.60
Hyperliquid L1$7.36
Arbitrum$4.31
Berachain$0.06
Base$0.01
BOB$0
Linea$0
Monad$0
Sonic$0
TAC$0
Unichain$0
Cumulative Revenue$4.8m
Ethereum$2.18m
Avalanche$960,593
Plasma$456,922
Sonic$261,272
Linea$236,842
Unichain$195,373
Arbitrum$153,804
Berachain$122,424
BSC$118,943
Base$32,430
Monad$27,465
Swellchain$25,121
TAC$14,736
BOB$6,913
Hyperliquid L1$960.35
Holders Revenue 30d$0.26
Holders Revenue 30d by chain
Berachain$0.26
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$0.22
Berachain$0.22
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$3.2m
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
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
Active Loans$236.99m
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.
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 GitHubYields
Pools Tracked134
Average Supply APY10.6%
User Activity
Active Addresses (24h)162
Transactions (24h)594
Competitors
Euler V2 history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Aug 26, 2024 to Oct 20, 2026.
All-time high TVL: $2.202b on Oct 6, 2025. All-time low TVL: $3.41m on Aug 28, 2024.
Daily TVL, Sep 21, 2026 to Oct 20, 2026
| Date | TVL |
|---|---|
| Sep 21, 2026 | $358.56m |
| Sep 22, 2026 | $348.94m |
| Sep 23, 2026 | $364.75m |
| Sep 24, 2026 | $353.83m |
| Sep 25, 2026 | $354.25m |
| Sep 26, 2026 | $354.62m |
| Sep 27, 2026 | $354.34m |
| Sep 28, 2026 | $354.44m |
| Sep 29, 2026 | $349.22m |
| Sep 30, 2026 | $353.08m |
| Oct 1, 2026 | $353.84m |
| Oct 2, 2026 | $349.24m |
| Oct 3, 2026 | $347.1m |
| Oct 4, 2026 | $347.81m |
| Oct 5, 2026 | $349.09m |
| Oct 6, 2026 | $347.99m |
| Oct 7, 2026 | $341.94m |
| Oct 8, 2026 | $320.78m |
| Oct 9, 2026 | $301.83m |
| Oct 10, 2026 | $301.76m |
| Oct 11, 2026 | $296.95m |
| Oct 12, 2026 | $303.4m |
| Oct 13, 2026 | $298.77m |
| Oct 14, 2026 | $300.77m |
| Oct 15, 2026 | $292.59m |
| Oct 16, 2026 | $290.49m |
| Oct 17, 2026 | $288.07m |
| Oct 18, 2026 | $287.37m |
| Oct 19, 2026 | $290.91m |
| Oct 20, 2026 | $290.52m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $59.44m |
| Dec 31, 2024 | $107.1m |
| Jan 31, 2025 | $158.08m |
| Feb 28, 2025 | $290.81m |
| Mar 31, 2025 | $566.15m |
| Apr 30, 2025 | $775.36m |
| May 31, 2025 | $967.41m |
| Jun 30, 2025 | $1.127b |
| 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 | $1.013b |
| Jan 31, 2026 | $587.57m |
| Feb 28, 2026 | $500.6m |
| Mar 31, 2026 | $505.91m |
| Apr 30, 2026 | $374.37m |
| May 31, 2026 | $283.68m |
| Jun 30, 2026 | $296.2m |
| Jul 31, 2026 | $373.52m |
| Aug 31, 2026 | $374.43m |
| Sep 30, 2026 | $353.08m |
| Oct 20, 2026 (latest) | $290.52m |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $107.1m |
| Dec 31, 2025 | $1.013b |
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) | $1.12m | $51,786 | $0.24 |
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-v2
Frequently asked questions
What is Euler V2's TVL?
As of Oct 20, 2026, Euler V2 has $285.81m in total value locked. TVL has decreased 20.4% over the past 30 days.
What chains does Euler V2 operate on?
Euler V2 operates on 17 chains: Monad, Ethereum, Base, Avalanche, and Plasma and 12 others. Monad holds the largest share at 72.8%.
How much has Euler V2 generated in fees and revenue?
Over the past 30 days, Euler V2 generated $1.7m in fees. Of that, $76,491 was protocol revenue. Based on the trailing year, the annualized rate is $41.43m in fees and $2.23m 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 $51.372b across 515 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?
As of Oct 20, 2026, Euler V2 has $236.99m in active loans.