Sonic Gains Momentum in DeFi, Nears $1B TVL
Key Takeaways
Sonic, formerly known as Fantom, is experiencing strong growth in its DeFi ecosystem. The number of unique addresses on the blockchain has reached an all-time high, while the Total Value Locked (TVL) is approaching the $1 billion mark. Through incentives, cross-chain functionalities, and strategic partnerships, Sonic is gaining increasing significance in the DeFi sector.
Growing User Adoption and Network Acceptance
The number of unique addresses on the Sonic blockchain has risen to 1,379,604, with a daily increase of 13,516 new addresses. Since mid-December 2024, there has been continuous growth, peaking in February 2025.
This growth is driven by several factors:
– **Incentive Programs**: New users received free assets when creating wallets.
– **Cross-Chain Functionality**: Improved asset transfers between blockchains make usage easier.
– **Staking Opportunities**: More users are actively participating in the network.
These developments have not only increased on-chain activity but also strengthened Sonic’s market acceptance.
Why Is Sonic’s DeFi Ecosystem Growing?
Sonic’s growth in the DeFi sector is attributed to several factors:
– **High Trading Volumes on DEXs**: Decentralized exchanges (DEXs) on Sonic are seeing increasing transaction volumes. ShadowOnSonic reached $38.6 million, SwapXfi $10.3 million, and WagmiCom $7.4 million.
– **Key Partnerships**: Projects like AAVE, Beets.fi, and Pendle Finance joined the network in 2025.
– **USDC Integration**: Circle plans to introduce native USDC with CCTP V2, enhancing cross-chain liquidity.
Sonic’s TVL has increased by 87% in the past 30 days and currently stands at $951.96 million. In comparison, Solana has a Market Cap/TVL ratio of 12.7x, while Sonic sits at 2.2x—indicating further growth potential.
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The Role of Stablecoins and New Features
Stablecoins play a crucial role in Sonic’s expansion. The market capitalization of stablecoins on Sonic has now surpassed $250 million. Circle’s introduction of CCTP V2 enables direct USDC minting between blockchains, eliminating inefficient bridge solutions.
Additionally, Sonic is strengthening its position with new DeFi features:
– **Non-custodial lending** via SiloFinance
– **Advanced DeFi tools** through ChainGPT
These developments are helping Sonic establish itself as a serious competitor to Solana and Ethereum.
Our Assessment
Sonic is demonstrating impressive growth in the DeFi sector. The network is expanding through strategic partnerships, innovative features, and a growing user base. The combination of stablecoin integration, cross-chain solutions, and an expanding DeFi infrastructure could position Sonic as one of the leading DeFi blockchains in the long run. The coming months will reveal whether Sonic can continue to realize its potential.
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