🌎 Euler Finance Launches on Sonic

Euler Finance Expands to Sonic, Enhancing DeFi Growth

Euler Finance, a decentralized finance (DeFi) platform on the Ethereum blockchain, has successfully launched on Sonic, formerly known as Fantom. This integration marks a significant milestone in the growth of the Sonic ecosystem, offering users advanced lending capabilities.

Key Features and Benefits

By integrating with Sonic, Euler Finance users can now access features such as:

Looping strategies
Near-zero gas fees
High-speed execution

Users can lend, borrow, and loop major assets on the platform, including liquid-staked token stS, wrapped Sonic wS, and USDC.e, a bridged USDC token.

Market Impact and Competition

The integration has contributed to a surge in Sonic’s price, reaching highs of $0.60 with more than 38% gains over the past seven days. Euler Finance competes with other prominent DeFi protocols such as Aave, Morpho, Compound, and Avalon Finance.

Growth and Recovery

Despite experiencing a damaging $197 million exploit, Euler Finance has bounced back with the launch of its Euler v2. The lending protocol has seen significant growth in its total value locked (TVL), increasing from $16 million on November 5, 2025, to over $356 million.

The introduction of vault lending capabilities with v2 and the launch of rEUL, a 1:1 token representing the locked version of EUL, have been key drivers of this growth. rEUL enables reward distribution within the Euler ecosystem.