Uniswap V4-Powered DEX Joins Crypto Lending Race with Cantor, Strike

EulerSwap:- Cantor, Stripe, Nexo are few of the names that have entered or expanded their crypto lending business in just a single month of 2025.

Cantor Fitzgerald has launched its Bitcoin‐backed lending arm in May 2025. Stripe has started offering Bitcoin-backed loans, allowing U.S. customers to borrow fiat with no credit check. Nexo has made a comeback in United States with its crypto‐lending business.

This race aligns with the market trend that is witnessing a rebound in crypto lending market with its volume reaching as high as at $36.5 billion – up 157% from the last year.

Now, in a latest instance to this, another lending entity has made its foray into the sector. Announced on Thursday by Eular Finance, EularSwap has launched to offer the combination of lending and trading together.

It is noteworthy that while Cantor and Stripe are offering Bitcoin-backed loans, EularSwap aims to lend against more diverse crypto assets and Stablecoins including Ripple’s (RUSD)

EularSwap – New Player in the Crypto Lending Market

EulerSwap is launched on Uniswap V4 consisting of lending vaults. It implies that Euler plugs into existing DEX routing routes while extending functionality with lending-backed boosts.

As traditional AMMs grapple with fragmented liquidity and idle capital, EulerSwap fuses an automated market maker with Euler’s modular lending vaults and Uniswap V4 hooks.

Liquidity providers will be depositing assets into Euler vaults. According to its blog announcement, Interesting part is that users can simultaneously swap tokens, earn lending yield, and collateralize positions for on-demand borrowing.

1/ Introducing EulerSwap

A smarter DEX with lending-boosted yield, deeper just-in-time liquidity, and native support for LP positions as collateral.

Supercharged by Euler lending infra. pic.twitter.com/3yvHre6kUM

— Euler Labs (@eulerfinance) May 28, 2025

Fierce Race in the Market

The sector has been witnessing an unprecedented scale of entries not only from new projects but also from leading financial institutions.

Stripe’s Patrick Mallers is trying to beat up the competition by offering Bitcoin-backed loans at “single digit interest rate.”

Cantor Fitzgerald under its $2 billion Bitcoin-backed financing arm has executed its first loans to FalconX and Maple Finance. It is calling Bitcoin as a means of bringing “scale, structure, and sophistication to the digital asset industry”.

The company is also making fierce Bitcoin purchases with the formation of its new treasury-focused vehicle, 21 Capital. Its launch was already mark by over 42,000 BTC on its balance sheet.

Thus, as the sector continues to witness claims and competitive offers, the entry of another new player is bound to make it witness more growth and significance.

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Disclaimer: The content may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.