Sonic reaches $1B TVL in 66 days: Surpassing VC-backed L1s

#Sonic L1 $S has officially entered the Layer-1 race by achieving $1B TVL in just 66 days, while giants like Sui and Aptos, heavily invested by VCs, took 505 and 709 days to reach this milestone. This is not just a small victory, but also proves that focusing on a specific area can create breakthrough growth.

The VC Money Paradox

Aptos and Sui have raised over $300M each, but Sonic – essentially an upgrade from Fantom – has outperformed them despite receiving almost no significant funding from VCs. In fact, most of Sonic's “capital” comes from reallocating resources and incentives from Fantom, rather than massive funding rounds.

Not just a migration from Fantom

The argument that Sonic is merely “migrating from Fantom” has been refuted by the numbers. When Sonic launched in December 2024, Fantom's TVL was still around ~$180M. Currently, Fantom retains $160M TVL, while Sonic surpasses $1B. This means over $800M in new capital has flowed into Sonic, rather than just migrating from Fantom.

Native DeFi ecosystem & strategy to attract developers

Sonic has implemented a Fee Monetization program, allowing developers to receive up to 90% of the transaction fees from their applications, creating a sustainable revenue model for builders. No other L1 has such a strong profit-sharing mechanism.

The team behind Sonic, with Andre Cronje serving as CTO, has focused on the features that DeFi users and developers truly need.

There will be even more exciting things next week! 🚀