Sonic Token Surges 12% Amid $300M TVL Milestone

Sonic ($S) began trading in early January 2025, starting at over $1. Since then, it has dropped 43.92% to $0.4356.

Sonic ($S) has seen a significant rise in its value, surging by nearly 12% in the last 24 hours. This price increase comes as the Sonic ecosystem achieved a new milestone, surpassing $300 million in total value locked (TVL).

Launched in early January 2025, the Sonic token (formerly known as Fantom (FTM)) began trading at over $1. Since then, it has dropped 43.92% to reach $0.4356. However, it has recently begun to rise again, with a 12.71% price increase in the last 24 hours, bringing the current price to $0.5945.

The trading volume over the past 24 hours has also increased by 24.8%, reaching $157.4 million.

This overall improvement comes as the total-value-locked (TVL) surpassed $300 million, fueled by growing investor interest after its recent rebranding.

Wrapping up January 2025. The cold-start phase? Over. Now Sonic is scaling! $300M TVL -> Next target $500M40+ dApps live -> Targeting 100+ The momentum is undeniable, and will help Sonic become the network for all developers to build, earn and scale global apps.

According to DefilLama data, Sonic’s TVL now stands at $302.8 million, up from $27 million on January 1, 202 crypto price tracking site. This marks a roughly 1018.52% increase in just a month.

With TVL now exceeding $300 million, Sonic aims for a new goal of $500 million TVL soon. Its ecosystem is also growing rapidly, expanding from over 40 live dApps to a goal of over 100 in the coming months.

Sonic is positioning itself as a top network for creating, earning, and scaling applications worldwide as more developers join.

A crypto analyst, Mr. Patrick Schmitt, with over 236k followers, recently discussed the importance of Total Value Locked (TVL) compared to Market Cap (MC) for Layer 1 blockchains. He believes TVL is an important metric, even though some question its direct effect on prices.

Had a comment on an $S post the other day, that TVL doesn‘t matter for the price. I believe that‘s wrong but has a point. Ofc this is not the only factor driving the price, but gives a good idea about fair valuation vs hype. That said, a project with high TVL and low MC… pic.twitter.com/IcMYWKKG49

Schmitt compared three cryptocurrencies: Sonic ($S), Toncoin (TON), and Near Protocol (NEAR). He noted that Sonic has more than $300 million in TVL and a Fully Diluted Valuation (FDV) of $1.6 billion. In contrast, TON has a TVL of $277 million with an FDV of $24.6 billion, and NEAR has a TVL of $229 million with an FDV of $5.6 billion. This suggests that Sonic is undervalued compared to the others.

Sonic also stands out because it returns 90% of its protocol fees to decentralized apps (dApps) and developers. This unique approach could help increase its use cases and strengthen its community.

The crypto analyst believes Sonic could rank among the Top 5 for TVL. This change could boost its price into double digits. However, the market environment, developer activity, and community support will be key factors in its future growth.