We saw a high quality DeFi lending protocol rerating that started nearly two months ago and continues to be priced higher. Euler's metrics speak for themselves, but they may position the protocol to be a beneficiary of increased mindshare. Before today's price action, EulerSwap had done a cumulative notional volume of equal to their FDV after being live for only weeks. There is a growing number of pipeline catalysts along for Euler, with dominance in market share KPIs as a percent change among lending protocols.
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