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    3 Fast-Growing Sonic Dapps: Euler, Stability & Shadow

    Yeek.ioBy Yeek.ioFebruary 20, 2025No Comments2 Mins Read
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    Sonic continues to make waves in DeFi after its rebranding from Fantom. At the beginning of 2025, the new chain had $27 million in total value locked (TVL) a few days after its official launch. On February 19, the network crossed the $500 million mark and the next day it hit $600 million.

    Here are three of the fastest-growing DeFi apps on Sonic right now:

    Euler Expands on Sonic After Recent Integration

    Euler is a multi-chain lending protocol whose latest v2 integrated with Sonic at the beginning of February. Its TVL on Sonic surged from zero to over $17 million within less than two weeks, becoming the seventh-largest app on the network. 

    Meanwhile, Euler’s TVL across all chains is at a record $237 million. In mid-November 2024, we reported that Euler was reviving after years of zero activity following a major exploit. 

    Euler is currently available on Ethereum, Base, Sonic, and Swellchain. 

    Stability Surges 3,000%

    Stability is a Sonic-based liquidity management app. Its TVL has surged nearly 3,000% in the past week alone to a record $13.4 million. 

    Stability users can deposit certain tokens in vaults that pay generous annual percentage rate (APR) figures that can go above 200%.

    Sonic’s native S token is the main asset on the app, as staked S and wrapped S account for over 95% of total deposits. 

    Shadow Hits $100M Mark

    Shadow becomes the largest decentralized exchange on Sonic, overcoming the likes of SwapX and ICHI. 

    The DEX soared about 1,000% in the past month, becoming the first to hit the $100 million mark. 

    The Shadow ecosystem comprises the Shadow Exchange CLMM, a fork of Uniswap v3, and Shadow Exchange Legacy, which is forked from Solidly. 

    On February 13, trading volume on the main DEX crossed $40 million, while the Legacy version saw a record $4 million in trading volume on Wednesday. 


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