The layer one (L1) blockchain Sonic has experienced substantial growth, with metrics revealing a 2,951% increase in the project’s total value locked (TVL) since the beginning of the year.
L1 Blockchain Sonic’s TVL Climbs 2,951% Since January
On March 27, Sonic’s official social media account announced on X that the blockchain had crossed the $1 billion TVL milestone. Emerging from its roots in the Fantom Opera Network, Sonic positions itself as a high-performance L1 blockchain.
The project claims to offer sub-second transaction finality, with completion times reaching as low as 720 milliseconds, alongside a processing capacity of up to 2,000 transactions per second (TPS), establishing it as one of the swiftest EVM-compatible chains available.
Defillama.com stats on March 27, 2025.
Data from defillama.com places Sonic’s total value locked (TVL) just shy of the $1 billion threshold at $973.46 million, but still reflecting a significant 2,951% climb from its Jan. 1, 2025, figure of $31.91 million. Currently, the five leading protocols on Sonic account for the bulk of its TVL, with Aave holding the top position at $265.98 million.
Following closely behind are Silo Finance with $253.61 million, Beets at $236.89 million, Veda with $133.61 million, and Avon Labs rounding out the list at $93.88 million. Earlier this week, Sonic announced its integration with LBTC and Napier Finance. The project’s native token, known as S, remains in “preview” mode on cryptocurrency market cap aggregation sites, indicating it has yet to receive an official listing.
Currently, the “preview” value of S stands at $0.612 per coin on March 27, giving it an estimated market capitalization of approximately $1.92 billion. Notably, fantom (FTM) tokens can be upgraded to S on a one-to-one basis. As of press time, S ranks as the 54th largest project by market cap.
