Logo of Euler V2Euler V2(EUL)
Total Value Locked$341.21m

TVL by Chain

Monad$243.81m

Ethereum$65.03m

Base$15.16m

Plasma$4.58m

Avalanche$4.51m

Hyperliquid L1$2.63m

Unichain$1.87m

BSC$1.44m

Arbitrum$1.14m

Sonic$505,225.09

Linea$354,454.83

Berachain$146,432.15

BOB$25,279.56

TAC$9,220.05

Swellchain$0

Mantle$0

Key Metrics

Fees 30d$1.26m
Fees 30d by chain

Ethereum$545,700

Avalanche$373,703

Monad$285,926

Plasma$15,617

Base$15,534

BSC$11,654

Arbitrum$2,283.82

Unichain$2,232.3

Hyperliquid L1$1,053.53

Berachain$747.97

Linea$343.83

BOB$241.27

Sonic$76.96

TAC$53.67

Fees 7d$413,079

Ethereum$148,285

Avalanche$140,402

Monad$105,315

Base$5,822

Plasma$5,545

BSC$4,752

Hyperliquid L1$1,053.53

Arbitrum$924

Unichain$426.39

Berachain$276.34

Linea$141.04

BOB$94.93

Sonic$31.04

TAC$10.23

Fees 24h$55,650

Avalanche$20,179

Ethereum$18,097

Monad$14,434

Base$1,000

Plasma$789

BSC$692

Hyperliquid L1$235

Arbitrum$112

Berachain$39.33

Unichain$34.38

Linea$20.68

BOB$13.5

Sonic$4.23

TAC$0

Cumulative Fees$88.14m

Ethereum$51.89m

Avalanche$12.88m

Plasma$6.97m

Sonic$3.81m

Linea$2.38m

Berachain$2.2m

Unichain$1.99m

Arbitrum$1.86m

BSC$1.51m

Monad$984,216

Base$913,029

Swellchain$317,864.18

TAC$277,665.54

BOB$140,198.6

Hyperliquid L1$1,288.53

Revenue 30d$44,979
Revenue 30d by chain

Ethereum$21,667

Avalanche$19,777

Monad$1,527

BSC$1,095.78

Plasma$753.87

Arbitrum$104.06

Hyperliquid L1$52.91

Base$0.15

Berachain$0

BOB$0

Linea$0

Sonic$0

TAC$0

Unichain$0

Revenue 7d$16,506

Ethereum$8,231

Avalanche$7,450

BSC$451.31

Plasma$277.9

Hyperliquid L1$52.91

Arbitrum$42.63

Base$0.07

Berachain$0

BOB$0

Linea$0

Monad$0

Sonic$0

TAC$0

Unichain$0

Revenue 24h$2,380

Ethereum$1,185

Avalanche$1,074

BSC$64.87

Plasma$39.72

Hyperliquid L1$11.74

Arbitrum$4.2

Base$0.01

Berachain$0

BOB$0

Linea$0

Monad$0

Sonic$0

TAC$0

Unichain$0

Cumulative Revenue$4.71m

Ethereum$2.13m

Avalanche$911,514

Plasma$454,417.08

Sonic$286,833.22

Linea$237,290.1

Unichain$196,426.92

Arbitrum$154,168.39

Berachain$121,313.96

BSC$116,130.16

Base$32,427.25

Swellchain$29,149.79

Monad$26,864.17

TAC$14,757.5

BOB$6,916.95

Hyperliquid L1$64.65

Holders Revenue 30d$0.01
Holders Revenue 30d by chain

Berachain$0.01

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$0.01

Berachain$0.01

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$96,976.2

BSC$90,035

Base$28,964

Swellchain$25,034

TAC$12,856

Monad$7,045

BOB$6,210

Hyperliquid L1$0

Cumulative Collateral Liquidated$239,935.56
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$379.75m

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 Tracked150

Average Supply APY10.52%

User Activity

Active Addresses (24h)192

Transactions (24h)541

Competitors

Morpho Blue ($9.852b)Aave V3 ($17.461b)Impermax V2 ($584,855.24)PWN ($22,331.27)Compound V3 ($1.447b)TermMax ($27.42m)Gearbox ($22.54m)Folks Finance xChain ($5.19m)Avalon Finance ($1.32m)Sumer.money ($1.28m)

Frequently Asked Questions

What is Euler V2's TVL?

Euler V2 currently has $341.21m in total value locked. TVL has decreased 3.7% over the past 30 days.

What chains does Euler V2 operate on?

Euler V2 operates on 16 chains: Swellchain, Mantle, Berachain, TAC, and Unichain and 11 others. Monad holds the largest share at 71.5%.

How much has Euler V2 generated in fees and revenue?

Over the past 30 days, Euler V2 generated $1.26m in fees. Of that, $44,979 was protocol revenue. Based on the trailing year, the annualized rate is $53.69m in fees and $3.23m 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 $50.917b across 523 protocols, and Euler V2 accounts for 0.7% of that total. Other leading protocols include Morpho Blue, Aave V3, Impermax V2, PWN, Compound V3, TermMax, Gearbox, Folks Finance xChain, Avalon Finance, and Sumer.money.

How much has been borrowed through Euler V2?

Euler V2 currently has $379.75m in active loans.