Euler Finance has integrated with Sonic, a decentralized finance platform on the Ethereum blockchain, in order to bring advanced lending capabilities to the Sonic ecosystem. This integration follows the recent addition of DeFi protocol Frax Finance on Sonic. Euler's integration will provide features such as looping strategies, near-zero gas fees, and high-speed execution. The platform's total value locked (TVL) has grown significantly in recent months, from $16 million to over $356 million, attributed to the introduction of vault lending capabilities and the launch of rEUL, a token that enables reward distribution within the Euler ecosystem. Users can earn up to $100,000 in rEUL incentives. Euler's competitors in the market include Aave, Morpho, Compound, and Avalon Finance. Sonic's price has surged, reaching highs of $0.60 with over 38% gains in the past seven days.



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