Euler (EUL) experienced a significant surge of over 30% following Bithumb’s announcement that it would begin trading the cryptocurrency. This notable price shift, alongside rapid growth in the decentralized finance (DeFi) sector, highlights the increasing momentum of Euler as it achieves a total value locked (TVL) of $1.52 billion in 2025.
Bithumb Confirms Euler Trading
Bithumb, South Korea’s second-largest cryptocurrency exchange, revealed that trading for Euler (EUL) would commence today at 5 PM KST. The announcement led to a dramatic increase in EUL’s price, rising from $9.25 to $13.33 within hours. As of the latest update, the token was trading around $13.02—still over 30.6% higher than the previous day.
In addition to the impact on market pricing, the listing triggered a spike in trading activity. Daily trading volumes for EUL surged nearly 292%, reaching $9.58 million, with a significant portion of transactions occurring on Asian exchanges. This surge positioned EUL among the top gainers of the day in the global cryptocurrency market, drawing attention to a project that has been steadily gaining traction throughout 2025.
Expansion of the Euler Ecosystem
This listing coincides with Euler’s strategies to expand its ecosystem through new products and integrations. Earlier this month, the token was listed on Coinbase, making it easier for U.S. investors to access the protocol. Euler also introduced EulerEarn, a passive yield strategy supported by $50,000 in USDC incentives in August.
Additionally, Euler launched isolated ETH markets on Linea, a layer-2 Ethereum network designed to enhance scalability and reduce transaction costs. More recently, Euler has partnered with Pendle, paving the way for further yield opportunities for decentralized finance users. Furthermore, today marks the anniversary of Euler’s V2 upgrade, which features the launch of the Euler Vault Kit, a modular system for creating customized lending markets.
According to DeFiLlama data, Euler’s total value locked reached $3 billion—a significant rise from just $100 million at the start of 2024. This growth reflects an increase in user adoption, positioning the project as one of the most dynamic in the DeFi space. Revenue and network fees have also more than quintupled this year, as reported by Token Terminal.
Market Analysis for Euler (EUL)
From a technical perspective, Euler’s momentum remains bullish. The substantial price increase has pushed EUL above its upper Bollinger Band, indicating strong market demand, though it may also suggest the potential for overextension. The relative strength index is currently at 67, just shy of overbought levels, while the 10, 20, and 30-day moving averages are aligned in a bullish pattern.
If the current rally continues, EUL may retest its July peak of $15.81 in the coming weeks. However, traders should remain cautious of potential profit-taking, which could bring the token back towards the $10.50 to $11.00 range in the short term.
Growth of the Euler Finance Network
The rising prices have brought Euler’s market capitalization to approximately $242 million, with a diluted valuation around $353 million. Nonetheless, the token remains nearly 20% below its all-time high of $15.81 reached on July 11. Looking ahead, while market sentiment remains strongly positive, breaking through the current price resistance may present challenges in the short term.
John is a seasoned journalist at The Bothside News, specializing in balanced reporting across news, sports, business, and lifestyle. He believes in presenting multiple perspectives to help readers form informed opinions. His work embodies the publication’s philosophy that truth emerges from examining all sides of every story.
