Euler Finance, a decentralized financial platform on the Ethereum Blockchain, is now live on Sonic, formerly known as Fantom.
Sonic Labs announced The integration on 17 February, which states that the launch will further improve Defi growth within the sonic ecosystem. The expansion of Euler Labs is intended to bring advanced credit options to the Sonic Blockchain network.
This integration only comes a few days after Defi protocol Frax Finance went live on Sonic and offered new possibilities for users. The price of Sonic has risen in the midst of these developments and reaches the highlights of $ 0.60 with more than 38% profit in the last seven days at the time of writing.
The integration of Euler with Sonic offers functions such as walking strategies, almost zero gas costs and rapid implementation. By going live on Sonic, users can borrow, borrow and borrow large assets on the platform, including liquid stak token STs, packed Sonic WS and USDC.E, a bridged USDC token
After having bounced a harmful exploit of $ 197 million with the launch of its Euler V2, the credit protocol has been locked one of the top win per total value in recent months.
On the market, Euler competitors include Aave, Morpho, Compound and Avalon Finance. Nevertheless Defi Protocol’s TVL has grown from lows of $ 16 million on November 5, 2025 to more than $ 356 million.
An important motivation of this growth is the introduction of the platform of safe loan options with V2 and the launch of Reul, a 1: 1 -token that represents the locked version of Eul, introduced in November 2024. Reul makes it possible to distribute within the Euler -Ecosystem .
According to Euler Labs, users from $ 100,000 can earn from Reul stimuli, with MEV Capital and RE7 as market curators.
