The Layer One (L1) blockchain Sonic has seen impressive growth, with data showing a remarkable 2,951% surge in the project’s Total Value Locked (TVL) since the start of the year.
L1 Blockchain Sonic’s TVL Skyrockets by 2,951% Since January
On March 27, Sonic’s official social media account announced on X that the blockchain had surpassed the $1 billion TVL mark. Originating from the Fantom Opera Network, Sonic prides itself on being a high-speed L1 blockchain.
The project touts sub-second transaction finality, with transaction times as low as 720 milliseconds, and a processing capacity of up to 2,000 transactions per second (TPS), making it one of the fastest EVM-compatible chains in existence.
Defillama.com statistics as of March 27, 2025.
According to data from defillama.com, Sonic’s Total Value Locked (TVL) is currently just below the $1 billion mark at $973.46 million, representing an impressive 2,951% increase from its January 1, 2025, figure of $31.91 million. The top five protocols on Sonic contribute the majority of its TVL, with Aave leading the pack at $265.98 million.
Following closely are Silo Finance with $253.61 million, Beets at $236.89 million, Veda with $133.61 million, and Avon Labs at $93.88 million. Recently, Sonic revealed its partnerships with LBTC and Napier Finance. The project’s native token, S, is currently in “preview” mode on cryptocurrency market cap aggregators, indicating it has yet to be officially listed.
As of March 27, the “preview” price of S is $0.612 per coin, resulting in an estimated market cap of around $1.92 billion. Notably, fantom (FTM) tokens can be swapped for S on a one-to-one basis. At present, S ranks as the 54th largest project by market cap.