Layer One (L1) Blockchain Sonic has seen significant growth, with metrics revealing a 2,951% increase in the total value of the project (TVL) since the beginning of the year.
L1 Blockchain Sonic’s TVL has risen 2,951% since January
On March 27, Sonic’s official social media account announced on X that blockchain has surpassed its $1 billion TVL milestone. Emerging from the roots of the Fantom Opera Network, Sonic is positioned as a high-performance L1 blockchain.
The project claims to provide 1 second transaction finality, in addition to processing power of up to 2,000 transactions per second (TPS) when reaching a low transaction time of 1 second, establishing it as one of the fastest EVM compatible chains available.
Defilama.com statistics on March 27, 2025.
Data from Defillama.com is embarrassed to say its $1 billion threshold with Sonic locked total value (TVL) to $973.46 million, but reflects a significant 2,951% increase from the $31.91 million figure on January 1, 2025. Currently, Sonic’s five major protocols make up the majority of TVL, with Aave holding a top position of $26,98 million.
Silofinance of $253.61 million, Beat of $236.89 million, Vedas, $133.61 million, and Avon Lab concluded the list with $93.88 million. Earlier this week, Sonic announced its integration with LBTC and Napier Finance. The native token for the project, known as S, remains in the “preview” mode of cryptocurrency market capitalization aggregation site, indicating that it has not yet received the official list.
Currently, the “preview” value for S was $0.612 per coin on March 27th, with an estimated market capitalization of around $1.92 billion. In particular, Fantom (FTM) tokens can be upgraded to S on a one-to-one basis. At the time of reporting, S is ranked as the 54th largest project by market capitalization.
