{"id":12812,"date":"2025-10-07T19:29:12","date_gmt":"2025-10-07T19:29:12","guid":{"rendered":"https:\/\/bitunikey.com\/news\/eul-price-holds-10-level-as-euler-hits-2b-in-total-borrows\/"},"modified":"2025-10-07T19:29:19","modified_gmt":"2025-10-07T19:29:19","slug":"eul-price-holds-10-level-as-euler-hits-2b-in-total-borrows","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/eul-price-holds-10-level-as-euler-hits-2b-in-total-borrows\/","title":{"rendered":"EUL price holds $10 level as Euler hits $2b in total borrows"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">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.<\/p>\n<div id=\"cn-block-summary-block_d49c450c535a3c0555f3d9ad128fc3a6\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Euler price dropped 3% as top altcoins pared gains amid Bitcoin\u2019s dip after hitting the all-time high abov $126,000.<\/li>\n<li>Despite the decline, the token looked poised to hold above $10.<\/li>\n<li>Bulls\u2019 show of resilience at the psychological level comes as Euler Labs hit over $2 billion in DeFi borrows. <\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Euler, a non-custodial lending protocol on Ethereum, saw its native token\u2019s price jump to highs of $11 before paring the gains amid overall market retreat last week.\u00a0<\/p>\n<p>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.\u00a0<\/p>\n<p>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.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Euler price bullish as platform hits $2 billion in total borrows<\/h2>\n<p>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 <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/eulerfinance\/status\/1975557550650360209\" target=\"_blank\" rel=\"nofollow\">shared on X<\/a> show the platform has surpassed the $2 billion mark in cumulative borrows, with over $871 million of that on Ethereum.\u00a0<\/p>\n<p>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.<\/p>\n<p>Notably, one of the fastest protocols in this growth is Plasma, a stablecoin rails platform building the infrastructure for Money 2.0.<\/p>\n<p>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.\u00a0<\/p>\n<p>According to details the Euler Labs team shared, capital efficiency has utilization across the $4 billion in deposits at 48%.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>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&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11623,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12812","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12812"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12812\/revisions"}],"predecessor-version":[{"id":12813,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12812\/revisions\/12813"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11623"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}