Euler price has experienced a slight dip of around 3% in the last 24 hours, but it continues to hold above the crucial $10 mark. This decentralized finance protocol has achieved a significant milestone by surpassing $2 billion in total borrows.
Despite the recent drop in price, Euler’s token showed resilience by staying above the $10 mark. This comes as other top altcoins also saw a decline following Bitcoin’s dip after reaching an all-time high above $126,000.
Euler, which is a non-custodial lending protocol on the Ethereum network, witnessed its native token’s price reaching highs of $11 before retracing its gains amidst a broader market retreat last week. However, as major cryptocurrencies surged, the altcoin managed to bounce back from below $8.80 to test the $10 psychological level. On October 7, 2025, Euler’s price peaked at $10.80 before facing a slight pullback, in line with Bitcoin dropping below $122,000 and Ethereum losing momentum from above $4,750.
The current price action for Euler indicates that the token is hovering just above a critical support zone, given the overbought conditions and profit-taking activities across the crypto market.
In a bullish development for Euler, the platform has achieved a significant milestone by surpassing $2 billion in total borrows. The team behind Euler Labs refers to the protocol as a DeFi superapp, and the latest data shared on X indicates that the platform has exceeded $2 billion in cumulative borrows, with over $871 million of that on the Ethereum network. Additionally, Euler has also attracted over $4 billion in total deposits, with a substantial portion of around $1.77 billion on Ethereum.
This growth highlights the increasing adoption of the DeFi protocol, as evidenced by the all-time high total value locked and nearly 100% revenue growth in Q3, 2025. Notably, one of the standout protocols driving this growth is Plasma, a stablecoin rails platform that is shaping the infrastructure for Money 2.0.
Plasma, a recently launched layer-1 blockchain, has amassed over $5.5 billion in stablecoin supply and has integrated Chainlink to further expand its growth. Within less than 10 days of its launch, Plasma has attracted over $1 billion in total deposits on Euler. The Euler Labs team has also shared that the capital efficiency utilization across the $4 billion in deposits stands at 48%.
Overall, Euler’s latest achievements and the platform’s growing adoption signify a promising future for the DeFi protocol as it continues to innovate and attract more users within the decentralized finance space.