🟣 Euler doubled its revenue last quarter.

The lending protocol @eulerfinance has seen exponential growth this year, particularly during the last quarter:

⬜️ TVL: +53% QoQ
⬜️ Fees collected: +110% QoQ ($12M → $26M), representing a cumulative annual growth of 1,000% (with a more representative median rate around 477%)
⬜️ Net revenue: +90% QoQ ($1.83M)

Despite a sharp increase in distributed incentives (from $700K to over $3.1M), Euler’s profitability kept growing.

👉 What does this mean for users?

Net income for EUL token holders rose by 120% over the period, thanks to the protocol’s buyback & burn mechanism (50% of revenue is used for that purpose).

🔎 In other words, Euler is one of the few lending protocols whose profitability is growing faster than its balance sheet.