Euler Price

Euler (EUL) is the native governance token of the Euler protocol, a decentralized lending and borrowing platform built on Ethereum. Currently ranked #302 with a price of $10.09, EUL has seen a +1.69% change in the last 24 hours with trading volume at $18.56K. The token enables holders to participate in governance decisions that shape the protocol's future. Euler Finance allows for permissionless asset listings and facilitates leveraged trading positions, with EUL serving as the backbone of its ecosystem. With a circulating supply of 18.68M EUL out of a maximum supply of 27.18M EUL, EUL has a market capitalization of $188.59M. The token was launched in 2021 and has since become integral to the DeFi ecosystem, particularly for users seeking advanced lending and borrowing capabilities.

Euler (EUL) was created in December 2021 when its mainnet officially launched. The project was developed by Dr. Michael Bentley, Doug Hoyte, and Jack Prior. Before the mainnet launch, the project received approximately $8 million in funding from Paradigm, a crypto venture capital firm, in August 2021. As of 2025-08-21, Euler ranks #302 among cryptocurrencies with a price of $10.09 and a market cap of $188.59M.

The founders of Euler are Michael Bentley and Doug Hoyte. Michael Bentley serves as the CEO while Doug Hoyte is the CTO. They launched Euler in 2021 as a non-custodial lending protocol on Ethereum that allows users to lend and borrow almost any crypto asset. The project has received backing from notable investors including Paradigm, FTX Ventures, Jump Crypto, and Coinbase Ventures. The founding team has a strong background in financial technology and blockchain development, which has helped Euler become a significant player in the DeFi lending space with a current market cap of $188.59M.

Euler works as the governance token for the Euler Finance protocol, a decentralized lending platform built on Ethereum. Users can stake EUL to participate in protocol governance, voting on key decisions and risk parameters. The token utilizes a unique risk-based tier system that categorizes assets based on their risk profiles, allowing for more efficient capital allocation and permissionless asset listing. With a current price of $10.09 and market cap of $188.59M, EUL powers the protocol's innovative features including reactive interest rates, protected collateral, and MEV-resistant liquidations. The total supply is capped at 27.18M EUL tokens, with 18.68M EUL currently in circulation. The protocol's architecture enables users to borrow, lend, and manage risk across various crypto assets while maintaining decentralization and capital efficiency.

Euler operates on a sophisticated technical architecture built on the Ethereum blockchain. The system utilizes smart contracts for its core functionality, with the primary infrastructure based on the EVK (Euler Vault Kernel) platform. This architecture enables the creation of various customizable vault classes that can be integrated with other DeFi protocols. The technical design prioritizes capital efficiency, permissionless lending, and risk management through specialized liquidation mechanisms. Euler's architecture includes multi-level risk parameters, reactive interest rate models, and protected collateral features. The protocol employs a governance system where EUL token holders can participate in decision-making regarding protocol upgrades and parameter adjustments. Currently ranked 302 with a market cap of $188.59M, Euler's architecture supports its growing ecosystem of lending and borrowing services within the Ethereum DeFi landscape.

Euler has a promising future with a clear roadmap focused on expanding its DeFi ecosystem. As a key player in the Ethereum ecosystem, Euler aims to enhance its lending and borrowing protocols while introducing new features for real-world asset integration by 2026. The team plans to improve governance mechanisms, allowing EUL holders greater decision-making power in protocol development. By 2027, Euler intends to implement cross-chain functionality and layer-2 solutions to address scalability. The roadmap includes partnerships with major DeFi projects to increase liquidity and utility. With a current market cap of $188.59M and trading at $10.09, Euler shows potential for growth as it executes on these objectives. The maximum supply is capped at 27.18M EUL, creating scarcity as adoption increases. The development team maintains an active GitHub repository with regular updates, demonstrating ongoing commitment to the project's evolution and security improvements.