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The Defiant 2025-02-24 20:43:52

Sonic Brings Back DeFi Summer Vibes as Ecosystem Outperforms Other Layer 1s

Sonic, the Layer 1 (L1) blockchain formerly known as Fantom, is thriving despite the recent crypto market volatility, with its key metrics at all-time highs as users flock to the ecosystem. The blockchain’s total value locked (TVL) is up to $723 million , a 246% increase in the last 30 days, as it flips Hyperliquid to become the 13th largest blockchain by TVL. Activity on the chain is also surging, with weekly transactions and weekly active users increasing by 140% and 180% compared to last week. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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