Euler Finance's token price has surged by 27% in the last 24 hours, reaching above $11 with a potential new all-time high (ATH) on the horizon.
The increase in price coincides with a significant spike in daily trading volume on EulerSwap, the decentralized exchange of the Euler Finance ecosystem.
EulerSwap has recorded a remarkable $230 million in trading volume in just three weeks, despite still being in beta.
The surge in price and trading volume indicates growing market interest and liquidity, positioning Euler's token for a potential breakthrough to surpass its previous ATH of $12.97.