Euler Finance’s TVL and EUL’s market capitalization have been surging, alongside EulerSwap volumes.
With top-10 DeFi lending protocol Euler Finance reaching new all-time excessive valuations, the EUL token is hovering proper alongside it, and reached a brand new all-time excessive value and market capitalization as of right now, July 10.
EUL is at a contemporary excessive of $15 right now, which is greater than 950% above its 2023 lows of $1.48, which got here shortly after the protocol was hacked, sending its TVL on the time to under $100,000.
Right this moment, EUL is 20% greater than its earlier all-time excessive of $12.34 in September 2022, however its market capitalization is up 200% from that interval, because of the token value rising alongside its token unlocks. Present market cap is approaching $300 million.
The transfer is led by Euler’s parabolic rise in key metrics reminiscent of TVL, which is as much as $1.18 billion, practically a 30,000% improve since its re-launch in September 2024. This new file in TVL can be 265% greater than its pre-hack TVL excessive of $323 million in 2022.
Euler Finance is at present ranked because the ninth-largest lending protocol by TVL, per DeFiLlama knowledge.
The protocol additionally noticed its lively loans surge above $1 billion on the finish of final month, up from $24 million in This fall 2024.
Euler has additionally launched a lot of new activations in 2025, together with a stablecoin lending infrastructure, and its personal native DEX, EulerSwap. Complete buying and selling quantity on EulerSwap has additionally damaged previous $1 billion since its launch in late Could, per Token Terminal knowledge.
