Gate News Bot news, on September 5th, according to CoinMarketCap data, as of the time of writing, EUL (Euler) is currently reported at $12.75, with a rise of 32.27% in the last 24 hours, reaching a high of $13.61 and a low of $9.14. The current market capitalization is approximately $252 million, an increase of $61.5 million compared to yesterday.
Euler is a super application platform for lending that allows users to borrow and exchange without restrictions. It offers unparalleled capital efficiency, enabling users to borrow any asset, use any asset as collateral, and customize risk levels through multiple parameters. Euler also allows users to create and customize their own vaults, creating and deploying their lending protocols and markets within minutes. The platform uses a modular design, including the Euler Vault Kit (EVK) for creating custom lending vaults, and the Ethereum Vault Connector (EVC), which allows vaults to be used as collateral for other vaults. Euler is governed by the community, managed by EUL token holders and representatives.
Important recent news about EUL:
1️⃣ Euler ecosystem is developing steadily
Euler, as a super application platform for lending, has recently continued to optimize its modular design. The platform's Euler Vault Toolkit (EVK) and Ethereum Vault Connector (EVC) features are continuously improving, providing users with more flexible lending and collateral options. These technological upgrades help enhance the platform's capital efficiency and user experience, which may be one of the important factors driving the rise in EUL prices.
2️⃣ Community governance mechanism is becoming increasingly mature
The role of EUL token holders in platform governance has become increasingly prominent. Recently, there may have been some important community proposals or decisions that have strengthened investors' confidence in the long-term development of the project. This deepening of the decentralized governance model helps attract more users to participate, thereby driving an increase in EUL demand.
3️⃣ The DeFi market is experiencing an overall recovery
With the overall sentiment in the cryptocurrency market improving, the DeFi sector is also showing signs of recovery. As an innovative project in the lending space, Euler may benefit from this trend, attracting more attention from investors and users, thereby driving the rise in EUL price.
From a technical perspective, EUL has shown a strong pump after breaking through the previous resistance level and may continue to maintain its strength in the short term. However, considering the significant rise in a single day, investors should remain cautious of potential retracement risks.
This message is not intended as investment advice; investors should pay attention to market volatility risks.
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EUL (Euler) rose 32.27% in 24 hours
Gate News Bot news, on September 5th, according to CoinMarketCap data, as of the time of writing, EUL (Euler) is currently reported at $12.75, with a rise of 32.27% in the last 24 hours, reaching a high of $13.61 and a low of $9.14. The current market capitalization is approximately $252 million, an increase of $61.5 million compared to yesterday.
Euler is a super application platform for lending that allows users to borrow and exchange without restrictions. It offers unparalleled capital efficiency, enabling users to borrow any asset, use any asset as collateral, and customize risk levels through multiple parameters. Euler also allows users to create and customize their own vaults, creating and deploying their lending protocols and markets within minutes. The platform uses a modular design, including the Euler Vault Kit (EVK) for creating custom lending vaults, and the Ethereum Vault Connector (EVC), which allows vaults to be used as collateral for other vaults. Euler is governed by the community, managed by EUL token holders and representatives.
Important recent news about EUL:
1️⃣ Euler ecosystem is developing steadily Euler, as a super application platform for lending, has recently continued to optimize its modular design. The platform's Euler Vault Toolkit (EVK) and Ethereum Vault Connector (EVC) features are continuously improving, providing users with more flexible lending and collateral options. These technological upgrades help enhance the platform's capital efficiency and user experience, which may be one of the important factors driving the rise in EUL prices.
2️⃣ Community governance mechanism is becoming increasingly mature The role of EUL token holders in platform governance has become increasingly prominent. Recently, there may have been some important community proposals or decisions that have strengthened investors' confidence in the long-term development of the project. This deepening of the decentralized governance model helps attract more users to participate, thereby driving an increase in EUL demand.
3️⃣ The DeFi market is experiencing an overall recovery With the overall sentiment in the cryptocurrency market improving, the DeFi sector is also showing signs of recovery. As an innovative project in the lending space, Euler may benefit from this trend, attracting more attention from investors and users, thereby driving the rise in EUL price.
From a technical perspective, EUL has shown a strong pump after breaking through the previous resistance level and may continue to maintain its strength in the short term. However, considering the significant rise in a single day, investors should remain cautious of potential retracement risks.
This message is not intended as investment advice; investors should pay attention to market volatility risks.