How High Can Sonic (S) Price Go in Q2? Analysts Share Bold Predictions

Sonic has drawn attention as its price trajectory appears to lag behind the platform's rapid Total Value Locked (TVL) growth.

Sonic (S) token price has drawn attention as its trajectory appears to lag behind the platform’s rapid Total Value Locked (TVL) growth. In contrast, other Layer 1 networks such as Sui and Aptos followed a more gradual growth path.

As market watchers await for Sonic price to mirror the network’s early momentum, X users Crypto Mario and Crypto Busy shared insights that further fueled interest around Sonic token economics and growth model.

TVL Growth: Sonic vs. Sui and Aptos

A comparative TVL chart sourced from DeFiLlama shows Sonic crossed $1 billion in TVL within just 66 days of launch. Sui reached the same milestone at around 505 days, while Aptos took 709 days. The chart highlights Sonic’s steeper and more consistent rise in capital inflow, without the intermittent drops seen in Sui and Aptos.

Sonic rapid onboarding of capital is attributed to its gas fee distribution model. According to a post by Crypto Busy, 90% of Sonic’s gas fees are directed to developers, not validators or foundation wallets. This approach provides a direct financial incentive for builders to deploy and promote smart contracts, resulting in faster ecosystem growth and user activity.

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ICYMI: $S broke $1B in TVL in only 66 days.

That’s faster than $Sui, $APT, $SOL – basically every major L1.So what’s fueling this insane growth?Their Sonic Fee Program is the real alpha.90% of gas fees go back to developers. Not validators. Not foundation wallets. But… https://t.co/7QoCtckq81 pic.twitter.com/i28rR9ZEXH

— Crypto Busy (@cryptobusy) April 2, 2025

Sonic Market Metrics and On-Chain Activity

Data from Sonic’s dashboard shows its TVL crossed $1.02 billion by early April 2025, climbing from under $200 million in January. At the same time, the price of Sonic remains at approximately $0.51. While the TVL has expanded more than fivefold, the token’s price has not mirrored that growth.

On-chain data reveals high volumes across Sonic’s DEX and perpetuals markets, with 24-hour trading volumes of $99.94 million and $125.88 million, respectively. The network also reports $95,557 in app revenue and $7,634 in daily chain fees, suggesting steady usage and engagement.

Technical Overview and Sonic Price Zones

Chart analysis indicates that Sonic (S) price faced resistance near the $0.80 to $1.00 range during its early January spike. Support has formed between $0.45 and $0.50, where the token consolidated during February. The token’s current consolidation range lies between $0.40 and $0.45.

The price and TVL divergence has prompted predictions of an upward move. Crypto Mario stated his expectation that S price could reach $1 before the end of Q2, citing the network’s expanding TVL and active ecosystem as supporting factors.

The price of $S will soon play catch up with the unstoppable TVLWe're now over $1B on @SonicLabs Can we reach Berachain and its $3B or so?My personal prediction is the price of $S is going to get to $1 before Q2 ends pic.twitter.com/ElK6OcFbe

— Crypto Mario (@CryptoMario_) April 1, 2025

While Sonic’s TVL growth has positioned it ahead of its Layer 1 peers in terms of early adoption speed, questions remain about the sustainability of this growth. Observers are watching for continued developer engagement, new protocol launches, and potential centralized exchange listings that may drive demand for Sonic.

At present, analysts are closely tracking whether Sonic price will catch up with its TVL momentum and whether market conditions will support such a breakout.