Euler Finance, the decentralized finance platform of the Ethereum blockchain, is live on Sonic, formerly known as Fantom.
Sonic Labs announced the integration on February 17th, saying the launch will further improve Defi's growth within the Sonic Ecosystem. The Euler Labs extension is intended to bring sophisticated lending capabilities to the Sonic Blockchain Network.
This integration comes just days after Defi Protocol Frax Finance is published on Sonic and offers new opportunities for users. Sonic's prices have skyrocketed amid these developments, reaching a high of $0.60 with profits of over 38% over the last seven days at the time of writing.
Euler's integration with Sonic offers features like loop strategy, near zero gas tolls, and fast execution. Live on Sonic allows users to lend, borrow and loop key assets on the platform. This includes liquid sinking token ST, wrapped Sonic WS, USDC.E, USDC token with bridge, etc.
With the launch of the Euler V2, the lending protocol, which bouncing off a $107 million harmful exploit, is one of the top gains by its total value locked in recent months.
In the market, Euler's competitors include Aave, Morpho, Compound and Avalon Finance. Nevertheless, Defi Protocol's TVL has grown to over $356 million from its $16 million low on November 5, 2025.
The key drivers of this growth are the introduction of a Vault lending capability platform with V2 and the launch of the 1:1 token Reul, representing the locked version of the EUL introduced in November 2024. Reul allows reward distribution within the Euler ecosystem.
According to Euler Labs, users can earn from $100,000 with Reul Incentives, using MEV Capital and RE7 as market curators.
