Euler Finance DeFi Protocol Launches on Sonic Platform

Euler Finance, a decentralized finance (DeFi) protocol built on the Ethereum blockchain, has officially gone live on Sonic, formerly known as Fantom. The announcement was made by Sonic Labs on February 17, marking a significant step forward for Euler Labs in expanding its DeFi capabilities. This integration is expected to enhance the growth of decentralized finance within the Sonic ecosystem, offering advanced lending features for users on the Sonic blockchain.

The timing of this launch follows closely after the DeFi protocol Frax Finance also went live on Sonic, creating fresh opportunities for users in the ecosystem. As a result of these integrations, Sonic’s price has surged, reaching highs of $0.60, reflecting a 38% increase over the past week.

Euler’s integration into Sonic will bring several exciting features, such as looping strategies, near-zero gas fees, and high-speed execution, which are essential for enhancing user experience. This means that users on Sonic can now lend, borrow, and perform looping operations with major assets such as liquid-staked token stS, wrapped Sonic wS, and USDC.e, a bridged USDC token. These new offerings will significantly increase the functionality and accessibility of the platform.

Euler Finance, which recently recovered from a significant $197 million exploit with the launch of Euler v2, is now among the top DeFi protocols by total value locked (TVL). The protocol’s TVL has seen remarkable growth, climbing from a low of $16 million in early November 2025 to over $356 million in the present. This recovery and growth can be attributed to the introduction of vault lending capabilities with v2, as well as the launch of rEUL, a 1:1 token that represents the locked version of EUL. rEUL plays a crucial role in distributing rewards within the Euler ecosystem.

Euler Labs has also launched rEUL incentives, offering users the chance to earn rewards from a pool worth $100,000, with market curators such as MEV Capital and Re7 involved in the process.

With its recent growth and the integration into Sonic, Euler Finance continues to establish itself as a competitive player in the DeFi space, alongside other notable platforms like Aave, Morpho, Compound, and Avalon Finance. The protocol’s innovative features and strategic partnerships position it well for future expansion in the DeFi ecosystem.