Euler Price Remains Steady at $10 as Total Borrows Exceed $2 Billion

Summary:
Euler's price has experienced a slight decline of 3% in the last 24 hours but remains above the crucial $10 level. This comes as the decentralized finance protocol achieves a significant milestone with over $2 billion in total borrows.

Key Takeaways:

Current Price: Euler’s native token is holding above $10, despite a recent dip.
Recent Milestone: The protocol has surpassed $2 billion in total borrows and $4 billion in deposits.
Market Behavior: The token briefly rallied to $11 before retracting as the market fluctuated.
Growth Indicators: Euler’s adoption within the DeFi space continues to rise significantly.

Euler’s native token has faced a slight downturn of about 3% over the past day; however, it remains above the essential threshold of $10. The decentralized finance (DeFi) protocol has marked an achievement with total borrows now exceeding $2 billion.

The Euler protocol, which operates as a non-custodial lending option on the Ethereum blockchain, witnessed its token soar to peaks of $11 last week, only to lose some of those gains amid a general market decline. Despite this, as leading cryptocurrencies witnessed a resurgence, Euler's price rebounded from below $8.80, retesting the psychologically important $10 level. On October 7, 2025, the price touched highs of $10.80 before pulling back as Bitcoin fell below $122,000 and Ethereum lost momentum from just above $4,750.

With indicators suggesting the EUL token has reached overbought territory, coupled with profit-taking trends across the broader cryptocurrency market, it currently hovers just above a vital support area.

Euler Price Holds Amid DeFi Growth

Euler Price Gains Momentum as Total Borrows Hit $2 Billion

The Euler Labs team proudly labels their Ethereum-based protocol as a DeFi superapp, having accomplished a remarkable milestone by surpassing the $2 billion mark in total borrows. Information shared on X reveals that this cumulative borrow figure includes more than $871 million sourced from the Ethereum network.

In addition to this borrowing achievement, Euler has reached a total of $4 billion in deposits, with the current supply exceeding $4.18 billion, of which approximately $1.77 billion is associated with Ethereum. This growth illustrates substantial uptake of the DeFi protocol, with total value locked (TVL) reaching all-time highs and revenue increasing nearly 100% in the third quarter of 2025.

Among the rapidly growing protocols is Plasma, a platform focused on stablecoin infrastructure, often referred to as Money 2.0. This newly launched layer-1 blockchain already boasts a stablecoin supply exceeding $5.5 billion and has integrated Chainlink to boost its expansion. Impressively, Plasma has accumulated over $1 billion in deposits on Euler in less than ten days since its launch.

According to insights shared by the Euler Labs team, capital efficiency is high, with utilization across the $4 billion in deposits reaching 48%.

This ongoing development within the Euler protocol and its associated projects showcases an encouraging trend in the DeFi landscape as they establish their foothold in the cryptocurrency market.