Euler Surges 77% as Shiba Inu and Request Lead Broader Recovery

Euler has risen from the dead.

The decentralized lending protocol’s token surged 77% in the past 24 hours, outpacing the broader market and claiming the top spot among cryptocurrencies with a market cap above $1 million. At $1.91, EUL erased weeks of losses in a single day — a comeback worthy of a Rocky screenplay.

The rally arrived without an obvious catalyst, pointing to pure speculative force and renewed confidence in DeFi after months of bearish pressure. The protocol, once a leading lender on Ethereum, now holds a $46 million market cap — far from its $15.81 ATH but light-years ahead of its $0.72 ATL.

While Euler grabs the headlines, the real story is the breadth of today’s rally. BENQI added 41%, climbing to $0.00148. The Avalanche-based DeFi protocol is benefiting from renewed interest in lending on smaller chains. With a $10.7 million market cap and $13 million in 24-hour volume, QI shows money is flowing back into decentralized finance.

Request (REQ) jumped 27% to $0.062. The decentralized invoicing and payments project is slowly but steadily building momentum. With $46 million in market cap and $13 million in volume, REQ resembles a marathon runner picking up speed in the final lap — far from its $1.05 ATH, but with fundamentals still intact.

Shiba Inu, the eternal favorite of the meme economy, recorded a solid +17%. With a $2.9 billion market cap and $304 million in daily volume, SHIB continues to dominate the meme segment. At $0.00000487, the price may look like pocket change, but for those who entered at the ATL of 5.6e-11, this is still pure profit.

DeXe rose 18.5% to $4.67, backed by a staggering $745 million in 24-hour volume — an impressive figure for a protocol with a $217 million market cap. DeXe operates DAO tools, and institutional players appear to recognize its value. The Godfather vibe: the family is back at the table.

Synapse rounds out the winners’ list with a 13% gain. The cross-chain bridge protocol climbed to $0.17, supported by growing demand for interoperability solutions. The SYNergy between chains has never been more important.

Bitcoin and Ethereum also posted modest gains, supporting the stable atmosphere that allows altcoins to shine. Total crypto market cap rose 2.3% in the last 24 hours, signaling cautious optimism.

Today’s winners feel like a movie soundtrack — each token has its own story, and together they form a symphony of recovery.

Financial Data