Logo of Euler V2Euler V2(EUL)

Total Value Locked$302.44m

TVL by Chain

Monad$214.84m

Ethereum$52.86m

Base$16.07m

BOB$4.99m

Avalanche$4.53m

Hyperliquid L1$2.07m

Plasma$1.98m

Unichain$1.94m

BSC$1.46m

Arbitrum$965,041

Linea$302,310

Sonic$266,058

Berachain$151,226

TAC$9,802

Swellchain$0

Mantle$0

Key Metrics

Fees 30d$1.71m
Fees 30d by chain

Avalanche$621,184

Ethereum$500,909

Monad$493,087

Base$29,617

Plasma$24,984

BSC$23,213

Hyperliquid L1$7,725

Arbitrum$5,321

Unichain$1,383

Berachain$1,192

Linea$721.61

BOB$461.19

Sonic$175.92

TAC$36.96

Fees 7d$407,071

Avalanche$148,885

Monad$121,345

Ethereum$115,240

Base$6,303

Plasma$5,960

BSC$5,808

Hyperliquid L1$1,688

Arbitrum$783.34

Unichain$414.19

Berachain$279.53

Linea$181.33

BOB$120.01

Sonic$48.37

TAC$14.46

Fees 24h$55,721

Avalanche$21,411

Ethereum$17,042

Monad$14,439

Plasma$851

BSC$817

Base$752

Hyperliquid L1$158

Arbitrum$105

Unichain$53.77

Berachain$39.93

Linea$23.96

BOB$16.71

Sonic$6.80

TAC$4.20

Cumulative Fees$89.12m

Ethereum$52.27m

Avalanche$13.38m

Plasma$7m

Sonic$3.47m

Linea$2.38m

Berachain$2.22m

Unichain$1.98m

Arbitrum$1.86m

BSC$1.52m

Monad$1.4m

Base$937,831

TAC$276,993

Swellchain$273,837

BOB$140,516

Hyperliquid L1$14,354

Revenue 30d$74,149
Revenue 30d by chain

Ethereum$37,112

Avalanche$33,103

BSC$2,186

Plasma$1,195

Hyperliquid L1$385.97

Arbitrum$163.61

Base$0.30

Berachain$0.20

BOB$0

Linea$0

Monad$0

Sonic$0

TAC$0

Unichain$0

Revenue 7d$17,942

Ethereum$9,036

Avalanche$7,961

BSC$547.33

Plasma$278.74

Hyperliquid L1$84.41

Arbitrum$33.81

Base$0.07

Berachain$0.07

BOB$0

Linea$0

Monad$0

Sonic$0

TAC$0

Unichain$0

Revenue 24h$2,644

Ethereum$1,370

Avalanche$1,146

BSC$76.31

Plasma$39.70

Hyperliquid L1$7.92

Arbitrum$3.73

Base$0.01

Berachain$0.01

BOB$0

Linea$0

Monad$0

Sonic$0

TAC$0

Unichain$0

Cumulative Revenue$4.74m

Ethereum$2.16m

Avalanche$936,417

Plasma$456,048

Sonic$261,272

Linea$236,842

Unichain$195,373

Arbitrum$153,697

Berachain$122,421

BSC$117,439

Base$32,430

Monad$26,900

Swellchain$25,121

TAC$14,736

BOB$6,913

Hyperliquid L1$718.01

Holders Revenue 30d$0.05
Holders Revenue 30d by chain

Berachain$0.05

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$3.2m

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

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$338.24m

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 Tracked150

Average Supply APY10.28%

User Activity

Active Addresses (24h)236

Transactions (24h)918

Competitors

Morpho Blue ($11.18b)Aave V3 ($17.328b)Impermax V2 ($581,807)PWN ($22,266)Compound V3 ($1.439b)Gearbox ($23.39m)Tarot ($726,564)Ajna V2 ($48,171)Venus Core Pool ($1.282b)TermMax ($26.67m)

Frequently Asked Questions

What is Euler V2's TVL?

Euler V2 currently has $302.44m in total value locked. TVL has decreased 13.1% 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 71%.

How much has Euler V2 generated in fees and revenue?

Over the past 30 days, Euler V2 generated $1.71m in fees. Of that, $74,149 was protocol revenue. Based on the trailing year, the annualized rate is $45.63m in fees and $2.54m 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 $52.783b across 519 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 $338.24m in active loans.