Euler Finance, a decentralized monetary platform on the Ethereum Blockchain, is now reside on Sonic, previously often called Fantom.
Sonic Labs introduced the combination on 17 February and said that the launch will additional enhance Defi development inside the sonic ecosystem. The enlargement of Euler Labs is meant to deliver superior credit score choices to the Sonic Blockchain community.
This integration solely comes just a few days after Defi protocol Frax Finance went reside on Sonic and provided new potentialities for customers. The worth of Sonic has risen within the midst of those developments and reaches a spotlight of $ 0.60 with greater than 38% revenue within the final seven days on the time of writing.
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The mixing of Euler with Sonic provides features corresponding to strolling methods, nearly zero gasoline prices and fast implementation. By going reside on Sonic, customers can borrow, borrow and borrow massive belongings on the platform, together with liquid stak token STs, packed Sonic WS and USDC.E, a bridged USDC token
After having bounced a dangerous exploit of $ 197 million with the launch of its Euler V2, the credit score protocol has been locked one of many high win per whole worth in current months.
Available on the market, Euler opponents embrace Aave, Morpho, Compound and Avalon Finance. However, the TVL of the Defi protocol has grown from lows of $ 16 million on November 5, 2025 to greater than $ 356 million.
An essential motivation of this development is the introduction of the platform of secure mortgage choices with V2 and the launch of Reul, a 1: 1 -token that represents the locked model of Eul, launched in November 2024. Reul makes it doable to distribute inside the Euler -Ecosystem .
In accordance with Euler Labs, customers from $ 100,000 can earn from Reul stimuli, with MEV Capital and RE7 as market curators.
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