Sonic$S Blockchain Hits $1 Billion TVL in Just 66 Days Amid Crypto Market Turmoil
Sonic(S) has made its mark with a rapid TVL growth rate, far outpacing better-known blockchains. According to DefiLlama, Sonic reached $1 billion in TVL within 66 days. In comparison, $SUI took 505 days, and $APT Aptos needed 709.
45.5M total transactions â up 678% 505K daily average transactions â up 168% 40K daily active users â up 40% $217.4K in protocol revenue â up 1.87%
Sonic $S continues to prove its traction within the EVM ecosystem. The sharp surge in transaction volume and user activity signals strong and sustainable growth.
Sonic $S is making waves, surging 12% in just 12 hours, a move thatâs not just riding Bitcoinâs coattails but signaling something bigger.
Letâs break down why sonic is turning heads and what it means for savvy investors.
Whatâs Driving Sonicâs Strength?
âą Sonic/BTC Chart Breakout: The S/BTC pair is flashing a clear signal of dominance, breaking free from a tight consolidation range. This isnât random noise, itâs a sign of active capital rotating into Sonic.
âą Fundamentals Shining: Sonic Labs is pushing boundaries with Top Class TPS and sub-second finality, positioning Sonic as a high-performance Layer-1 blockchain ready to rival ETH and SOL
âą Market Sentiment: While the broader market awaits macro relief (think Fed rate cuts or BTC stability), Sonic is already attracting attention as a severely undervalued gem. Early movers are taking notice.
This breakout suggests sonic isnât just âanother altcoinâ, itâs a project with real adoption potential. From DeFi to gaming, Sonicâs ecosystem is built for speed and scale, making it a magnet for developers and investors alike.
With sonic showing relative strength against BTC and strong fundamentals, itâs worth keeping on your radar.
Whatâs Next for $S ?
If this momentum holds, we could see sonic testing higher resistance levels soon. Watch for increased TVL and ecosystem updates from Sonic Labs to confirm the trend.
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Sonic ($S ) has been making waves in the cryptocurrency market, seeing a notable surge in price. As of now, Sonic has risen by 9.58% over the past 24 hours, bringing its price to $0.5957. This price increase follows a breakout from an inverse head-and-shoulders pattern, a technical formation often seen as a bullish signal. If this momentum continues, Sonic could see a 35% rise, potentially pushing its value toward the $0.80 mark. But as with any price surge, resistance levels and other factors could play a crucial role in whether the cryptocurrency can maintain this rally.
Technical Indicators and Price Action Sonicâs recent price action has certainly captured the attention of traders. The cryptocurrency successfully broke out from the inverse head-and-shoulders pattern, signaling a shift towards an upward trend. The key resistance levels that Sonic has recently surpassed, including the $0.55 and $0.60 levels, have raised hope for further price increases. Moving forward, Sonic faces resistance at the $0.63 and $0.82 levels. Breaking past the $0.82 mark could pave the way for the token to potentially reach its $0.80 target. However, traders should be mindful that any failure to maintain momentum could lead to a price pullback, causing Sonic to retreat from these levels. #SONIC #FTM #BinanceAlphaAlert