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Euler

EUL/USD #649 Crypto
$1.25+2.45%24h
24h Range
$1.19$1.28

EUL to USDT Converter

1 EUL = 1.2501 USDT · updated 06:21 UTC

Volume Bubbles Chart (1h)

Each 1-hour candle's volume is signed by its direction (up candles count as net buying, down candles as net selling) and drawn as a bubble at the closing price, green for buying and red for selling. Bubble size and colour intensity show how strong that flow is compared with the last 300 candles: the strongest 30% get full bubbles with their USD value, the rest stay as small dots. Unusually large bubbles flag aggressive buying or selling worth a closer look, often near breakouts, reversals or key levels.

Seasonal Chart

Plots one line per calendar year showing the % change since the start of that year, with the current year highlighted against up to four previous years. Lining the years up on the same calendar shows whether the price tends to rise or fall in the same months, helping you spot recurring seasonal patterns. Treat it as context rather than a forecast: past seasonality does not guarantee future moves.

Euler Markets

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Euler Historical Data

About Euler (EUL)

Euler is modular lending infrastructure that lets operators create and curate on-chain credit markets. Its documentation describes configurable vaults and markets where users can supply assets or borrow against collateral. EUL is the protocol's ERC-20 governance token. It should not be confused with a deposit receipt from an individual Euler vault, nor should a market listing be read as a guarantee that every vault is equally safe.

Modular lending markets

Euler's newer architecture is designed to let market operators configure lending parameters for specific assets and strategies. Those settings can include collateral factors, borrow limits, interest-rate models and oracle choices. The flexibility is useful, but it means risk depends on the particular market and curator rather than on a single global setting. Users should inspect the vault's collateral, liquidation rules and contract details before supplying assets.

EUL token and governance

EUL gives holders a role in Euler DAO governance and has also been used for protocol rewards. The official token overview says EUL can represent voting power over protocol changes and treasury management. Governance voting and execution are separate steps, so a passed vote does not necessarily mean every change is instantly active. Check the relevant proposal and deployed contracts for the current status of a parameter or upgrade.

Rewards and rEUL

Euler documents rEUL as a locked reward form used to incentivize participation in supported v2 markets. Its reward guide describes a conversion into EUL with an immediate portion and the remainder unlocking over six months. Early redemption can forfeit unvested amounts. Reward programs may change, so users should confirm the applicable campaign and vesting terms before counting rEUL as freely transferable EUL.

Fee Flow status

The EUL overview states that Fee Flow auctions are currently turned off and protocol fees are set to zero. This is important because older descriptions of fee auctions should not be treated as current revenue activity. Euler markets also carry smart-contract, oracle, collateral and liquidation risks. EUL is a governance token, not a deposit guarantee or a claim on all assets supplied to Euler. A vault's listed collateral and parameters can change through curator actions or governance, making current on-chain details important. A vault's listed collateral and parameters can change through curator actions or governance, making current on-chain details important. A vault's listed collateral and parameters can change through curator actions or governance, making current on-chain details important. A vault's listed collateral and parameters can change through curator actions or governance, making current on-chain details important. A vault's listed collateral and parameters can change through curator actions or governance, making current on-chain details important.

Check the exact vault

Before supplying or borrowing, inspect the vault's collateral, oracle, liquidation parameters and deployed contract version. Euler's modular design means risk can vary materially between markets. A protocol-wide description is not a substitute for checking the settings of the specific vault a user plans to use.

Sources: Euler Documentation, EUL Overview, Reward EUL, Euler Reference

Last reviewed: Oct 10, 2026

Euler (EUL) FAQ

What is the current price of EUL?

EUL's composite quote is $1.248. Euler documentation identifies EUL as its ERC-20 governance token, with past use in protocol rewards. The price is a market statistic and does not measure the safety or returns of any particular lending vault. This matters because euler is modular on-chain lending infrastructure.

What is Euler?

Euler is modular lending infrastructure for creating and operating configurable on-chain credit markets. Its documentation describes vaults, markets, oracles, rates and liquidation rules. Each market can have different parameters, so users should assess the exact vault rather than assume all Euler markets share one risk profile.

How much EUL is in circulation?

The circulating-supply figure for EUL is 24,034,753 EUL. Euler's documentation lists a total supply of 27,182,818 EUL and explains that distributions and treasury balances change through governance and rewards. Circulating supply is a market-data estimate, not a fixed snapshot of all allocations.

What is EUL's all-time high?

EUL's recorded market high is $15.81, dated Jul 10, 2025. This is a historical trading statistic. Euler's current docs describe modular lending markets and note that Fee Flow auctions are turned off with protocol fees set to zero, so older fee narratives should not be treated as current activity.

How has EUL performed historically?

FMchart's composite history begins on the date shown in the chart and converts available exchange prices to USD. official docs say Fee Flow is currently turned off and protocol fees are zero. The Monthly Returns section summarizes that series, which can differ from one venue or another currency.

What is Euler's EUL supply?

Euler's official EUL overview lists a total supply of 27,182,818 tokens. Treasury balances, reward distributions and circulating supply can change over time. For current figures, use live market data and the project's latest token and governance records. This matters because euler is modular on-chain lending infrastructure.

Does EUL earn protocol fees?

Euler's current EUL overview says Fee Flow auctions are turned off and protocol fees are set to zero. That means older descriptions of fee auctions should not be treated as active revenue sharing. Check the current docs and governance proposals for any later changes.

How are Euler lending markets configured?

Euler is modular, and individual market operators can configure collateral factors, borrow limits, interest rates and oracle choices. This flexibility means risk varies by vault and asset. Users should inspect the exact parameters and contract version rather than assume all markets have the same safeguards.

What is rEUL's vesting schedule?

Euler's documentation describes rEUL as converting one-to-one into EUL over six months, with an immediately redeemable portion and the remainder unlocking gradually. Early redemption can forfeit unvested tokens. Users should confirm the terms for the specific reward lock they hold.

What risks affect EUL holders?

EUL holders face token volatility and governance risk, while Euler users face separate lending, collateral, oracle and smart-contract risks. EUL ownership does not insure deposits or guarantee a share of protocol fees. Read current market and governance documentation before relying on old summaries.