EUL (Euler) 24-hour pump 3.34%

Gate News Bot reports that as of October 14, according to CoinMarketCap, EUL (Euler) is currently priced at 9.53 USD, with a rise of 3.34% in the last 24 hours, reaching a high of 11.77 USD and a low of 8.25 USD. The 24-hour volume is 111 million USD. The current market capitalization is approximately 197 million USD, an increase of 6.38 million USD compared to yesterday.

Euler is a decentralized lending platform that offers unrestricted lending and exchange services. The platform features exceptional capital efficiency, allowing users to borrow any asset and use any asset as collateral while customizing risk levels based on multiple parameters. Euler also enables users to create and deploy their own lending protocols and markets, offering the Euler Vault Kit (EVK) for creating custom lending vaults, and the Ethereum Vault Connector (EVC) allowing vaults to be used as collateral for other vaults. The platform is dedicated to empowering DeFi developers and is governed by the community through token holders and representatives.

Important news about EUL recently:

1️⃣ Gate exchange adds EUL perpetual contract Gate has simultaneously launched the EULUSDT perpetual contract on both centralized and decentralized trading platforms. This contract supports long and short operations with 1-20 times leverage, settled in USDT. This move provides more trading options for EUL and is expected to enhance its liquidity and market participation.

2️⃣ Euler Finance platform attracts large deposits and loans In the past 2 hours, a large wallet address deposited 500,000 ATSER into Euler Finance, valued at approximately $983,000, and borrowed 407,174 USDT to purchase other tokens. This indicates that the Euler platform is attracting significant capital participation, reflecting the market's confidence in its lending services.

3️⃣ EUL volume significantly rises The 24-hour volume of EUL has reached 111 million USD, which is quite high relative to its market capitalization of 197 million USD. This may be driven by the newly added perpetual contracts and large trading activities on the platform, indicating a strong market interest in EUL.

From a technical perspective, EUL has experienced significant price fluctuations in the past 24 hours, peaking at $11.77 and dipping to a low of $8.25, ultimately closing with a rise of 3.34% at $9.53. This volatility may provide opportunities for short-term traders, but it also increases the risk.

This message is not intended as investment advice; investors should be aware of market volatility risks.