Key Points
- Sonic’s TVL rapidly nears $1 billion.
- The network had a successful path in 2025 following the rebranding from Fantom.
The Sonic network, previously known as Fantom, has reached a new ATH in TVL, marking the third successful month of the year.
Sonic is a high-performing EVM that combines speed, incentives, and world-class infrastructure and powers the next-gen DeFi apps.
Fantom rebranded to Sonic last year, and the project has seen a successful path since.
Sonic TVL Hits a New ATH
According to the latest reports from DeFi Llama, the TVL of Sonic is currently over $979 million, after debuting the year in January with around $25 million.
Sonic TVL DeFi LlamaThis year, the app revenue for Sonic was the highest on February 21, above $926,000. On that day, chain fees reached almost $30,000 according to the same data.
Also, February 24 was the highest inflow day, close to $10 million. Last month the network recorded the highest DEX volume at almost $3.65 billion, DeFi Llama data shows.
Sonic has been expanding rapidly with new and innovative apps launching every week.
Other Sonic On-Chain Metrics
In the past 24 hours, active addresses on Sonic were more than 53,340, up by almost 30% today.
Active addresses on Sonic were over 47,000 on March 25, after peaking on December 20 at over 300,000, according to data from Nansen.
This year, successful transactions on Sonic peaked on February 21 at over 1,1 million.
Sonic active addresses and transactions – Nansen dataFTM Tokens, Rebranded to S
Just recently, the team at Sonic Labs announced that Binance.US would support the FTM to S upgrade. The exchange supported the FTM token swap and performed the token migration on behalf of customers.
Fantom (FTM) tokens were rebranded to Sonic (S) and issued at a ratio of 1 FTM to 1 S.
During the past week, S recorded an ascendant trajectory, debuting a price surge on March 21 from $0.49, and hitting a top earlier today above $0.63.
