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The Defiant 2025-01-28 22:05:49

Sonic TVL is Soaring More Than Any Other Layer 1

Sonic, formerly Fantom, is securing a record amount of assets and growing faster than any other Layer 1 chain in the past month. The Sonic blockchain today crossed $260 million in total-value locked (TVL), the highest ever, with assets surging by 20x in the past month, the biggest increase among all blockchains with more than $50 million of assets locked, according to DeFiLlama . Sonic is now the 30th-largest chain in TVL terms, according to the data platform. Sonic’s growth was driven in part by Avalon Labs, which went from having no assets in the chain to driving $50 million in TVL over the past month, according to DeFiLlama, making up almost 20% of Sonic’s total TVL. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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