Euler price has fallen about 3% in the past 24 hours, but remains above the key benchmark of $10 as the decentralized finance protocol reaches the milestone of exceeding $2 billion in total borrowings.
summary
- After hitting an all-time high of over $126,000, Euler price fell 3% as top altcoins pared gains as Bitcoin plummeted.
- Despite the decline, the token looked poised to rise above $10.
- Bulls showed resilience on a psychological level after Euler Institute’s DeFi borrowings exceeded $2 billion.
Euler, a non-custodial lending protocol on Ethereum, saw its native token price soar to a high of $11 before paring its gains amid a broader market decline last week.
However, as the top coin soared, the altcoin recovered from below $8.80 and retested the psychological level of $10. Euler price reached a high of $10.80 on October 7, 2025, but pared its gains slightly as Bitcoin fell below $122,000 and Ethereum lost momentum from above $4,750.
Due to EUL’s overbought conditions and profit taking across the broader crypto market, the token is currently hovering just above a key support zone.
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Total platform borrowing reaches $2 billion, Euler price bullish
The Euler Labs team calls the Ethereum-based protocol a DeFi super app and has made a name for itself with the notable milestone of $2 billion in total borrowings. Details shared by X show that the platform has accumulated over $2 billion in borrowings, of which over $871 million is on Ethereum.
Meanwhile, Euler’s total deposits amount to $4 billion. Of this supply, which currently exceeds $4.18 billion, approximately $1.77 billion is on Ethereum. This growth indicates significant adoption of DeFi protocols, with revenue increasing by almost 100% in Q3 2025 and total amount locked reaching an all-time high.
In particular, one of the fastest protocols in this growth is Plasma, the stablecoin rails platform that will build the infrastructure for Money 2.0.
The recently launched Layer 1 blockchain boasts over $5.5 billion in stablecoin supply and has integrated Chainlink to scale its growth. Plasma saw more than $1 billion in total deposits with Euler within 10 days of launch.
According to details shared by the Euler Labs team, capital efficiency is 48% utilization across $4 billion in deposits.
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