Euler Finance Integrates with Sonic

Euler Finance, a decentralized finance platform on the Ethereum blockchain, is now live on Sonic, previously known as Fantom.

Sonic Labs announced the integration on Feb. 17, stating that the launch will further enhance DeFi growth within the Sonic ecosystem. Euler Labs’ expansion aims to bring advanced lending capabilities to the Sonic blockchain network.

This integration comes just days after the DeFi protocol Frax Finance went live on Sonic, offering new opportunities for users. Sonic’s price has surged amid these developments, reaching highs of $0.60 with more than 38% gains over the past seven days at the time of writing.

Key Features

Euler’s integration with Sonic will offer features such as:
– Looping strategies
– Near-zero gas fees
– High-speed execution

By operating on Sonic, users can lend, borrow, and loop major assets on the platform, including:
– Liquid-staked token stS
– Wrapped Sonic wS
– USDC.e (a bridged USDC token)

Recent Developments

Having bounced from a damaging $197 million exploit with the launch of its Euler v2, the lending protocol is among top gainers by total value locked in recent months.

In the market, Euler competes with Aave, Morpho, Compound, and Avalon Finance. Despite this competition, the DeFi protocol’s total value locked (TVL) has grown from lows of $16 million on November 5, 2025, to over $356 million.

A key driver of this growth 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, introduced in November 2024. rEUL enables reward distribution within the Euler ecosystem.

According to Euler Labs, users can earn from $100,000 in rEUL incentives, with MEV Capital and Re7 as market curators.

Conclusion

Euler Finance’s integration with Sonic marks a significant step for the platform, enhancing its offerings and expanding opportunities for users in the DeFi space.