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. 

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%.