Euler price jumps 27% on EulerSwap volume surge, nears ATH

Euler price surged 27% in 24 hours to over $11, fueled by a 236% spike in daily volume to $2.65 million. The boost coincides with EulerSwap’s beta-phase milestone of $230 million cumulative trading volume in three weeks. At $11.05 intraday, EUL trades just 14% below its 2022 all-time high of $12.97. EulerSwap’s integration of Uniswap v4 with Euler lending vaults optimizes capital efficiency, while the upcoming Euler Super App on Arbitrum expands lending and borrowing across ARB, USDC, USDT, WETH, wstETH, weETH and WBTC. The rally reflects growing DeFi activity and bullish altcoin sentiment, positioning Euler price for a potential breakout past its previous peak.
Bullish
The significant surge in Euler price and its accompanying volume spike demonstrate strong trader interest and liquidity inflows, similar to past DEX-driven rallies like Uniswap’s early growth. EulerSwap’s $230 million beta volume underscores platform confidence, while the impending Arbitrum Super App launch adds utility and cross-chain appeal. In the short term, this momentum could push EUL past its $12.97 resistance into price discovery. Long term, sustained DeFi adoption and cross-chain integrations may support higher valuations and market resilience.