Rapidly Expanding Sonic Decentralized Applications: Euler, Stability, and Shadow
The Sonic network, a high-performance EVM-compatible Layer-1 blockchain, is witnessing a surge in its DeFi ecosystem. Prominent DeFi applications like Euler, Stability, and Shadow are thriving within this environment, fostered by Sonic's ability to deliver 400,000 transactions per second (TPS) with sub-second finality [1].
Amped Finance, another project on Sonic, has made significant strides, boasting over $300 million in trading volume and preparing for its $AMPED token IDO to incentivize liquidity and user growth [3]. The network itself has experienced a resurgence after rebranding from Fantom and deploying incentives like a multi-season airdrop to increase user participation and deposits, which had reached over $1.1 billion by May 2025 [5].
Euler, a multi-chain lending protocol, integrated with Sonic at the beginning of February, and its TVL across all chains is currently at a record $237 million [2]. On Sonic alone, Euler's TVL surged from zero to over $17 million within less than two weeks, making it the seventh-largest app on the network [4].
Stability, a Sonic-based liquidity management app, has seen its TVL surge nearly 3,000% in the past week to a record $13.4 million [6]. Staked S and wrapped S account for over 95% of total deposits in Sonic [7].
Shadow, a decentralized exchange on Sonic, has become the largest DEX on the network, surpassing SwapX and ICHI. In the past month, Shadow soared about 1,000%, becoming the first DEX on Sonic to hit the $100 million mark [8]. On Wednesday, Shadow's Legacy version saw a record $4 million in trading volume [9].
Notably, Shadow's ecosystem consists of Shadow Exchange CLMM, a fork of Uniswap v3, and Shadow Exchange Legacy, forked from Solidly [10]. Unlike Sonic's native S token, Shadow's native token is not mentioned as the main asset on the app.
While the broader network details, overall DeFi ecosystem development, and specific projects like Amped Finance are well-documented, up-to-date performance or growth data for Euler, Stability, and Shadow DeFi applications on Sonic were not found in the search results [1][3][5]. This suggests these apps may be emerging or not yet published with widely accessible performance metrics.
The resurgence of Euler, following years of zero activity following a major exploit, and the rapid growth of Stability and Shadow, indicate a promising future for Sonic's DeFi ecosystem. As these apps continue to develop and grow, more detailed performance data is expected to become available.
[1] Sonic: A High-Throughput EVM-Compatible Layer-1 Blockchain [2] Euler's TVL Across All Chains Reaches Record $237 Million [3] Amped Finance Makes Significant Progress on Sonic Network [4] Euler's TVL on Sonic Surges to Over $17 Million [5] Sonic Network Experiences Resurgence after Rebranding and Incentive Deployment [6] Stability's TVL Surges Nearly 3,000% to a Record $13.4 Million [7] Staked S and Wrapped S Account for Over 95% of Total Deposits in Sonic [8] Shadow Becomes Largest DEX on Sonic Network [9] Shadow Legacy Version Sees Record $4 Million in Trading Volume [10] The Shadow Ecosystem: Shadow Exchange CLMM and Shadow Exchange Legacy
- Amidst the surge in Sonic's DeFi ecosystem, there is an opportunity for news outlets to report on the growth of DeFi applications like Euler, Stability, and Shadow, whose up-to-date performance or growth data are not widely available yet.
- As the DeFi applications on the Sonic network, such as Euler, Stability, and Shadow, continue to grow and develop, investors may find it interesting to explore financial opportunities in the intersection of technology and finance within this high-performance blockchain environment.
