Euler
EUL#675 by market capQualifies for a record and its pages are captured daily, but the record has not been written yet.
Euler is for lending and borrowing. We have not written its record yet, so its promises are not checked. It trades at $1.29, #648 of all coins by size, 92% below its highest ever price.
This week Nothing changed on its record.
A real job, real backing. No dated promises on its pages. Nothing dated ahead. #13 of 39 lending/borrowing protocols. Nothing to be careful of on the record.
Is it real?
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3 of 4
- ✓A real-world jobReal-world purpose: lending and borrowing
- ✓Real backingBacking: backed by Paradigm; trades on Coinbase, Kraken, Binance
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- ✓Room to growRoom: worth $30.96M, 63 times smaller than Aave, the biggest coin within reach doing the same thing (Lending/Borrowing Protocols)
Backed by Paradigm and 1 more
- Origin10 July 2025about about 14 monthseuler.finance, GitHub, Whitepaper
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingParadigm, Coinbase VenturesInvestor tags from CoinGeckoListed on Coinbase, Kraken, Binance, Gemini
- Standing on the recordNo recordNo dated promise to judge yet1 headline last monthNo corrections needed so far
It is already worth more than the typical coin in Lending/Borrowing Protocols ($9.53M). To match the leader, Aave ($1.95B), its price would need to rise 6209%, to about $81.38.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- Only 1 headline named it last month
- Years younger than the group's leader
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
Nothing dated has been found on its pages, so there is no date to wait for yet.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Lending and borrowing
39 coins tagged Lending/Borrowing Protocols, worth $4.84B together. #13 of 39 by worth.
Lending/Borrowing Protocols: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Euler$30.96Mthis coin−0.7%88% outno record
Aave$1.95B63.1× bigger, +$1.92B+0.2%, gap +0.996% outno record
Morpho$1.47B47.5× bigger, +$1.44B−4.2%, gap −3.569% outnone dated
Olympus$301.26M9.7× bigger, +$270.31M−0.9%, gap −0.2no maxnone dated
Maple Finance$242.3M7.8× bigger, +$211.35M−4.0%, gap −3.3no max0 of 1 delivered
Compound$191.14M6.2× bigger, +$160.18M−2.9%, gap −2.2100% outnone dated
Kamino$137.37M4.4× bigger, +$106.41M−0.2%, gap +0.555% out0 of 1 delivered
Cap$94.28M3.0× bigger, +$63.32M+25.3%, gap +25.916% out3 of 10 delivered
Lending/Borrowing Protocols: this coin next to Aave, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- Euler says
- The ability to lend and borrow assets efficiently is a crucial feature of any financial system.
- Aave says
- Aave is a decentralized money market protocol where users can lend and borrow cryptocurrency across 20 different assets as collateral.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
The ability to lend and borrow assets efficiently is a crucial feature of any financial system. In the world of traditional finance, this process is typically facilitated by trusted and permissioned third-parties such as banks, who connect people with a surplus of money to those who need access to it in the short term.
Problem it says it solves: lending and borrowing. 39 coins are working on it and together they are worth $4,841,364,013. This coin is 1% of that.
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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Lending/Borrowing Protocols: this coin next to the group's largest, Aave.
| Euler | Aave | |
|---|---|---|
| Years trading | 1 year | 6 years |
| Major exchanges | 6 | 10 |
| Named backers | 2 | 1 |
| Headlines, last month | 1 | 55 |
| Promises delivered | no record | no record |
What it says is different: The ability to lend and borrow assets efficiently is a crucial feature of any financial system. In the world of traditional finance, this process is typically facilitated by trusted and permissioned third-parties such…
It is 1.6% the size of Aave. On the facts above it is behind on years trading, major exchanges, headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it. Nothing here says it will; the site does not predict.
The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $15.81 on 10 July 2025. Today is 8% of that.
88%
of all EUL that will ever exist is already out in public hands: 24.03M coins.
12% (3.16M coins) is already created but not in public hands, held by the project or locked in escrow. That is a small share. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
A share of the app's fees or votes
Apps like this usually pay holders from fees or give them a vote. Check which.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- of the maximum supply is in circulation: 24.03M of 27.18M.
- 3.16Mcoins still to be released, 12% of the maximum. Releases can add selling pressure.
- 1.1×fully diluted value versus today's market cap. The gap is coins not yet released.
- of its all-time high of $15.81 on 10 July 2025. That is −91.8% from the top.
- #648by market cap, $30,958,051.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
- $346.67M is locked in it right now
From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.
What the news says
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Headlines per day, last 30 days
1 headline named this coin in the last month.
What they were about
Headlines are the publishers' own. News is never placed next to price.
The record itself
Qualifies for a record and its pages are captured daily, but the record has not been written yet.
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy