Euler Finance is running at 53% utilization ratio with $2.1 billion in TVL, but here's what's interesting—roughly half of those deposits are actually borrowed capital, not staked for yield farming points. Since the privacy vaults launched last month, eulerEarn alone has pulled in $750 million. Morpho and Fluid are growing too, but Euler remains the only protocol hitting above 50% utilization. This points to genuine borrowing demand rather than just liquidity theater.

🔥 Gate Square Event: #PostToWinNIGHT 🔥
Post anything related to NIGHT to join!
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📅 Event Duration: Dec 10 08:00 - Dec 21 16:00 UTC
📌 How to Participate
1️⃣ Post on Gate Square (text, analysis, opinions, or image posts are all valid)
2️⃣ Add the hashtag #PostToWinNIGHT or #发帖赢代币NIGHT
🏆 Rewards (Total: 1,000 NIGHT)
🥇 Top 1: 200 NIGHT
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📄 Notes
Content must be original (no plagiarism or repetitive spam)
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