Euler Finance, a decentralized finance platform on the Ethereum blockchain, is now dwell on Sonic, previously recognized as Fantom.
Sonic Labs announced the combination on Feb. 17, pointing out that the launch will additional toughen DeFi enhance interior the Sonic ecosystem. Euler Labs’ growth targets to lift developed lending capabilities to the Sonic blockchain community.
This integration comes appropriate days after DeFi protocol Frax Finance went dwell on Sonic, providing new alternatives for users. Sonic’s brand has surged amid these traits, reaching highs of $0.60 with bigger than 38% positive aspects over the last seven days at the time of writing.
Euler’s integration with Sonic will offer choices corresponding to looping programs, come-zero gas costs, and high-velocity execution. By going dwell on Sonic, users can lend, borrow, and loop predominant property on the platform, along side liquid-staked token stS, wrapped Sonic wS, and USDC.e, a bridged USDC token
Having bounced from a unfavorable $197 million exploit with the launch of its Euler v2, the lending protocol is among top gainers by total price locked in recent months.
Available in the market, Euler opponents encompass Aave, Morpho, Compound and Avalon Finance. No matter this, the DeFi protocol’s TVL has grown from lows of $16 million on November 5, 2025 to over $356 million.
A key driver of this enhance has been the platform’s introduction of vault lending capabilities with v2 and the launch of rEUL, a 1:1 token representing the locked version of EUL, presented in November 2024. rEUL permits reward distribution interior the Euler ecosystem.
In accordance with Euler Labs, users can plot from $100,000 in rEUL incentives, with MEV Capital and Re7 as market curators.
