The layer one (L1) blockchain Sonic has skilled substantial development, with metrics revealing a 2,951% improve within the undertaking’s whole worth locked (TVL) for the reason that starting of the 12 months.
L1 Blockchain Sonic’s TVL Climbs 2,951% Since January
On March 27, Sonic’s official social media account introduced on X that the blockchain had crossed the $1 billion TVL milestone. Rising from its roots within the Fantom Opera Community, Sonic positions itself as a high-performance L1 blockchain.
The undertaking claims to supply sub-second transaction finality, with completion occasions reaching as little as 720 milliseconds, alongside a processing capability of as much as 2,000 transactions per second (TPS), establishing it as one of many swiftest EVM-compatible chains out there.
Defillama.com stats on March 27, 2025.
Information from defillama.com locations Sonic’s whole worth locked (TVL) simply shy of the $1 billion threshold at $973.46 million, however nonetheless reflecting a big 2,951% climb from its Jan. 1, 2025, determine of $31.91 million. At present, the 5 main protocols on Sonic account for the majority of its TVL, with Aave holding the highest place at $265.98 million.
Following intently behind are Silo Finance with $253.61 million, Beets at $236.89 million, Veda with $133.61 million, and Avon Labs rounding out the record at $93.88 million. Earlier this week, Sonic introduced its integration with LBTC and Napier Finance. The undertaking’s native token, referred to as S, stays in “preview” mode on cryptocurrency market cap aggregation websites, indicating it has but to obtain an official itemizing.
At present, the “preview” worth of S stands at $0.612 per coin on March 27, giving it an estimated market capitalization of roughly $1.92 billion. Notably, fantom (FTM) tokens will be upgraded to S on a one-to-one foundation. As of press time, S ranks because the 54th largest undertaking by market cap.
