EUL price holds $10 level as Euler hits $2b in total borrows

Euler price has dipped about 3% in the past 24 hours but holds above the key $10 mark as the decentralized finance protocol hits a milestone with over $2 billion in total borrows.

Euler, a non-custodial lending protocol on Ethereum, saw its native token’s price jump to highs of $11 before paring the gains amid overall market retreat last week. 

But as top coins pumped, the altcoin recovered from under $8.80 to retest the psychological level of $10. Euler price reached highs of $10.80 on October 7, 2025 before slightly paring the gains as Bitcoin dropped to below $122,000 and Ethereum gave up momentum from above $4,750. 

Overbought conditions for EUL as well as profit taking across the broader crypto market means the token is currently hovering just above the critical support zone. 

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Euler price bullish as platform hits $2 billion in total borrows

The Euler Labs team dubs the Ethereum-based protocol as a DeFi superapp, and is making a name for itself with a notable $2 billion milestone in total borrows. Details shared on X show the platform has surpassed the $2 billion mark in cumulative borrows, with over $871 million of that on Ethereum. 

Meanwhile, Euler has also notched $4 billion in total deposits. Of this supply, currently at over $4.18 billion, about $1.77 billion is on Ethereum. The growth signals significant adoption for the DeFi protocol, whose total value locked has climbed to an all-time high as revenue increased by nearly 100% in Q3, 2025.

Notably, one of the fastest protocols in this growth is Plasma, a stablecoin rails platform building 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 expand its growth. Plasma has seen over $1 billion in total deposits on Euler in under 10 days of its launch. 

According to details the Euler Labs team shared, capital efficiency has utilization across the $4 billion in deposits at 48%.

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