Sonic’s TVL Jumps 66% to $253M After rebranding from Fantom

The Sonic (S) blockchain, formerly known as Fantom, has seen a 66% surge in total value locked (TVL), reaching $253 million following its rebranding. According to Cointelegraph and DeFiLlama, Sonic’s TVL has skyrocketed from $153 million on January 16 to $253 million on January 28, reflecting a wave of renewed investor confidence.

This significant growth underscores the market’s positive reaction to Sonic’s transition, with the blockchain gaining traction in DeFi, smart contracts, and decentralized applications (dApps).