Bithumb, South Korea's second-largest cryptocurrency exchange, has officially listed Euler's governance token, EUL, on its spot trading platform. The listing, which allows for trading against the Korean Won (KRW), has triggered a significant rally for the token.
Following the announcement, EUL's price soared by nearly 44%, from $9.60 to $13.80, before stabilizing at around $12.70, still representing a gain of over 31%. This price jump, combined with a 251% increase in trading volume, made EUL the top-gaining cryptocurrency among the top 300 on CoinGecko.
The listing is the latest milestone for the Euler protocol, a decentralized finance (DeFi) network on Ethereum that enables users to lend, borrow, and trade crypto assets. It follows a recent listing on Coinbase, a leading U.S. exchange, highlighting the growing attention the project is receiving from major players.
Beyond the price action, the Euler network itself is experiencing substantial growth. Its Total Value Locked (TVL) has reached a new all-time high of $1.52 billion, a nearly 15-fold increase since the start of 2025. This growth is also reflected in its financial metrics, with protocol revenue and fees rising over 500% this year. The Bithumb listing is expected to further diversify options for South Korean investors and contribute to the network's continued momentum.
September 2025, Cryptoniteuae