Euler Price Holds Steady Above $10 as DeFi Protocol Reaches Milestone
The Euler price has experienced a slight decline of approximately 3% over the past 24 hours, yet it remains steadfast above the crucial $10 mark. This development comes as the decentralized finance (DeFi) protocol achieves a significant milestone, with total borrowings surpassing $2 billion. The Euler token had previously reached highs of $11 before retracing its steps amidst the broader market downturn.
Market Performance and DeFi Loans
As a non-custodial lending protocol on the Ethereum blockchain, Euler has demonstrated resilience in the face of market fluctuations. Despite the overall decline in top altcoins, the token’s price has managed to stay above $10, showcasing the bulls’ resolve on a psychological level. This resolve is further bolstered by Euler Labs’ achievement of raising over $2 billion in DeFi loans, a testament to the protocol’s growing adoption and influence within the DeFi space.
The Euler price had initially surged to $10.80 on October 7, 2025, before slightly paring its gains as Bitcoin fell below $122,000 and Ethereum retreated from over $4,750. The token’s current position, hovering just above the critical support zone, can be attributed to overbought conditions and profit-taking in the broader crypto market.
Key Milestones and Adoption
Euler Labs, touting the Ethereum-based protocol as a DeFi superapp, has made significant strides with its notable milestone of $2 billion in total loans. Furthermore, the platform has also amassed total deposits of $4 billion, with Ethereum accounting for approximately $1.77 billion of this supply. The substantial growth signals considerable adoption of the DeFi protocol, which has seen its total value rise to an all-time high, accompanied by a nearly 100% increase in revenue during the third quarter of 2025.
One of the fastest-growing protocols contributing to this growth is Plasma, a stablecoin rails platform focused on building the infrastructure for Money 2.0. The recently launched Layer 1 blockchain boasts a stablecoin supply of over $5.5 billion and has integrated Chainlink to expand its growth. Notably, Plasma has attracted over $1 billion in total deposits to Euler in less than 10 days of its launch, underscoring the rapid adoption and confidence in the platform.
According to the Euler Labs team, the capital efficiency on $4 billion in deposits stands at 48% utilization, highlighting the protocol’s ability to optimize resource allocation and drive growth. As the DeFi landscape continues to evolve, Euler’s achievements and milestones serve as a testament to the potential and resilience of decentralized finance protocols.
For more information on Euler’s price movements and the DeFi protocol’s achievements, visit https://crypto.news/eul-price-holds-10-level-as-euler-hits-2b-in-total-borrows/
