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Euler Finance Reaches $2B in DeFi Lending Activity

Total borrows exceed $2 billion and deposits top $4 billion, driven by Plasma’s $1 billion inflow within 10 days.

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Terms & Concepts
  • DeFi Lending: A decentralized finance service enabling users to borrow and lend cryptocurrencies without traditional intermediaries, using smart contracts.
  • Total Value Locked (TVL): The total value of assets deposited in a DeFi protocol, representing its scale and usage.
  • Plasma: A platform or service linked to Euler Finance contributing rapid capital inflows, reportedly adding $1 billion in deposits within 10 days.