Euler Finance Token Nears All-time High as Active Loans Top $1 Billion – Crypto News – Crypto News
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Euler Finance Token Nears All-time High as Active Loans Top $1 Billion Euler Finance Token Nears All-time High as Active Loans Top $1 Billion

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Euler Finance Token Nears All-time High as Active Loans Top $1 Billion – Crypto News

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The lending protocol has surpassed $1 billion in active loans, up from $24 million in Q4 2024, marking a more than 40-fold increase in less than a year.

Euler Finance, a non-custodial lending protocol, has surpassed $1 billion in active loans, marking a record high and representing over a 4,000% increase from the $24 million recorded in Q4 2024, according to data from Token Terminal.

Euler Active Loans

Unlike other DeFi lenders, Euler utilizes a modular framework that enables users to create isolated markets — known as “vaults” — for any ERC-20 token. According to the April “State of Euler” report, the protocol hosts nearly 300 vaults.

EulerSwap Weekly Volume chart
EulerSwap Weekly Volume

Meanwhile, EulerSwap, a decentralized exchange that leverages those lending vaults to enhance capital efficiency and yields for liquidity providers, has processed $34 million in trading volume since launching in early June.

Euler’s native token EUL is up 22% in the past 24 hours to $10.80, approaching its all-time high of $12 recorded in September 2022, according to data from CoinGecko.

EUL Price chart
EUL Price

The surge of activity follows Euler’s recent launch of its stablecoin lending infrastructure, Frontier. As The Defiant reported, Frontier employs a hybrid lend-swap model via EulerSwap, offering adaptive interest rates and incentives for stablecoin projects.

In March 2023, an exploit drained $197 million from Euler, with some stolen funds routed through Tornado Cash, a once-sanctioned crypto mixer. However, the attacker returned nearly half of the funds less than two weeks later.

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