Sonic Blockchain Soars 2,951% in TVL Growth, Nearing $1 Billion Milestone

The Layer One (L1) Blockchain Sonic has undergone appreciable progress, with statistics which have unveiled a rise of two,951% within the whole worth of the undertaking (TVL) because the starting of the yr.

L1 Blockchain Sonic’s TVL has been climbing 2,951% since January

On March 27, the official social media account of Sonic on X introduced that the blockchain had crossed the TVL Mijlpaal of $ 1 billion. Sonic comes from his roots within the Fantom Opera community and positions itself as a robust L1 blockchain.

The undertaking claims to supply sub-second transactive sinality, with completion occasions which are as little as 720 milliseconds, along with a processing capability of a most of two,000 transactions per second (TPS), which determines it as one of many quickest EVM-compatible chains which are out there.

Defillama.com statistics on March 27, 2025.

Information from Defillama.com locations the full worth of Sonic locked (TVL), simply shy for the $ 1 billion threshold at $ 973.46 million, however nonetheless replicate a major climb of two,951% from the age of January 1, 2025, determine of $ 31.91 million. At present, the 5 main protocols on Sonic Account are for probably the most a part of his TVL, with Aave the highest place on $ 265.98 million.

Silo Finance observe carefully behind with $ 253.61 million, beets for $ 236.89 million, Veda with $ 133.61 million and Avon Labs that full the record to $ 93.88 million. Earlier this week, Sonic introduced his integration with LBTC and Napier Finance. The native token of the undertaking, generally known as S, stays within the “preview” mode on the aggregation websites of cryptocurrency market, indicating that it shouldn’t but obtain an official record.

At present, the “Preview” worth of S on March 27 is $ 0.612 per coin, giving it an estimated market capitalization of round $ 1.92 billion. Fantom (FTM) tokens particularly will be upgraded to S. from the second of the press, the S is the 54th largest undertaking per market capitalization.