The layer one (L1) blockchain Sonic has seen a remarkable surge in growth, with data showing a staggering 2,951% increase in the project’s total value locked (TVL) since the start of the year.
L1 Blockchain Sonic’s TVL Soars by 2,951% Since January
In a recent announcement on March 27, Sonic’s official social media account revealed that the blockchain had surpassed the $1 billion TVL mark. Originally built on the Fantom Opera Network, Sonic prides itself on being a high-performance L1 blockchain.
The project boasts lightning-fast transaction finality, with transaction completion 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.
According to data from defillama.com, Sonic’s TVL currently sits just under $1 billion at $973.46 million, representing an impressive 2,951% increase from its January 1, 2025, TVL 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.
Silo Finance follows closely behind with $253.61 million, Beets at $236.89 million, Veda at $133.61 million, and Avon Labs at $93.88 million. Sonic recently announced partnerships with LBTC and Napier Finance, further expanding its ecosystem.
The project’s native token, S, is currently in “preview” mode on cryptocurrency market cap websites, indicating that it has yet to be officially listed. As of March 27, the preview value of S is $0.612 per coin, giving it an estimated market capitalization of around $1.92 billion. Notably, FTM tokens can be swapped for S at a one-to-one ratio. At present, S ranks as the 54th largest project by market cap.
In conclusion, Sonic’s exponential growth in TVL and strategic partnerships demonstrate its potential to become a major player in the blockchain space. Keep an eye on this high-performance L1 blockchain as it continues to make waves in the industry.