The ability to lend and borrow assets efficiently is a crucial feature of any financial system. In the world of traditional finance, this process is typically facilitated by trusted and permissioned third-parties such as banks, who connect people with a surplus of money to those who need access to it in the short term. In the world of decentralised finance (DeFi), trusted and permissioned third-parties are no longer needed; banks have been replaced by trustless and permissionless lending protocols running on the blockchain (1).
Among the first-generation of DeFi lending protocols are Compound (2) and Aave (3). These protocols provide users with access to lending and borrowing capabilities for a handful of the most liquid ERC20 tokens. However, these protocols were not designed to handle the risks associated with lending and borrowing illiquid or volatile assets and have therefore relied on a permissioned listing system to protect their users from the risks associated with such assets.
Consequently, there remains significant unmet demand for lending and borrowing the long tail of crypto assets. On the lending side, users want to deposit tokens to earn yield and take leveraged long positions. On the borrowing side, users want to reduce their exposure to volatility and take leveraged short positions. Here, we present Euler: a permissionless lending protocol custom-built with an array of new features to help users lend and borrow more types of tokens than ever before.
Euler (EUL) is currently trading at $1.241, up 2.5% over the last 24 hours, with a 24-hour trading volume of $46.2K.
The highest USD price recorded for Euler (EUL) is $12.83, reached on Sep 5, 2025.
The EUL price shown on this page is the most recent USD price OpenSea has recorded for Euler, updated as new market data is processed. Fully diluted valuation (FDV) is that price multiplied by the total supply of 27.2M EUL, so it reflects every token that exists rather than only the tokens in circulation.
Euler (EUL) has a market capitalization of $29.8M. The fully diluted valuation (FDV) is $33.7M, based on the total supply of tokens.
The 24-hour trading volume of Euler (EUL) is $46.2K, reflecting active market participation and liquidity.
The total supply of Euler is 27.2M EUL. Currently, 24M tokens (88.4%) are in active circulation on the Ethereum network.
Euler (EUL) is available on the Ethereum blockchain. You can trade EUL on OpenSea by connecting a wallet that supports the Ethereum network.
Euler (EUL) is currently held by 5.86K wallet addresses, indicating the breadth of community participation and distribution.
You can buy Euler (EUL) directly on OpenSea. Simply connect your crypto wallet, search for EUL, and swap any supported token to acquire EUL instantly. OpenSea supports trading across multiple blockchains with no account registration required.
1. Connect your crypto wallet to OpenSea. 2. Search for Euler (EUL) or visit opensea.io/token/eul. 3. Select your preferred swap token and confirm the transaction.
