Euler Finance, a decentralized finance (DeFi) platform that allows users to do mostly optimized lending, is making very good progress in the DeFi space. They recently achieved a nice milestone, hitting an all-time high of around $350 million in “total value locked,” or TVL. A significant driver behind the surge in TVL appears to be Euler’s recent and “rapid” expansion onto Base, which is a Layer-2 network from Coinbase. This extraordinary expansion amplifies Euler’s growing authority in DeFi’s lending and borrowing sector. It still makes deposits and borrowings in its signature vaults. But it has thoughts of becoming a much
The post Euler Finance Reaches New Milestone with $350M TVL, Pushing Ahead with Rapid Growth Across Base and Beyond appeared first on The Merkle News.
