A quality lending protocol on a high growth trajectory that's become fundamentally cheaper to own over the past month

🟣 Credit demand on Euler has never been higher — @eulerfinance
Building on its strong momentum in 2025, Euler delivered another solid quarter in Q3, despite a slight slowdown in activity at the end of September.
▫️ Total Value Locked (TVL): +40 % QoQ, from $2.27B to $3.15B
▫️ Active Loans: +44 % QoQ, from $970M to $1.4B
Growth was largely driven by the arrival of Plasma. The late-September slowdown came as markets rallied and users shifted exposure toward higher-risk assets.
▫️ TVL / Borrow Ratio: 48 %
Unlike Aave, Euler’s isolated markets do not pool liquidity, meaning the borrow/TVL ratio measures credit demand intensity, not capital utilization.
In Q3, active loans on Euler closed the gap with total deposits.
🔍 This indicates a stronger credit demand and improving yields across the protocol.
Full report below 👇

1,236
1
本页面内容由第三方提供。除非另有说明,欧易不是所引用文章的作者,也不对此类材料主张任何版权。该内容仅供参考,并不代表欧易观点,不作为任何形式的认可,也不应被视为投资建议或购买或出售数字资产的招揽。在使用生成式人工智能提供摘要或其他信息的情况下,此类人工智能生成的内容可能不准确或不一致。请阅读链接文章,了解更多详情和信息。欧易不对第三方网站上的内容负责。包含稳定币、NFTs 等在内的数字资产涉及较高程度的风险,其价值可能会产生较大波动。请根据自身财务状况,仔细考虑交易或持有数字资产是否适合您。


