Sonic Network TVL Surpasses $10.77 Billion

2 mins mins

Key Points:

Sonic Network’s TVL reaches $10.77 billion, marking a 21.11% rise.
Andre Cronje leads innovative growth in DeFi stakes.
Sonic’s strategic rebranding attracts institutional attention.

Sonic Network‘s total value locked (TVL) hit $10.77 billion on April 6, 2025, showcasing noteworthy growth within the DeFi space.

This development, under the leadership of Andre Cronje, highlights Sonic Network’s increased influence in the decentralized finance ecosystem.

Sonic Network TVL Reaches $10.77 Billion Milestone

Sonic Network, previously known as Fantom, recently recorded a significant rise in TVL, achieving a milestone of $10.77 billion. This increase stems from a strategic focus on community incentives and enhanced developer tools, driven by Andre Cronje and his team.

The increase represents a 21.11% growth within a week, showcasing Sonic as a major DeFi player. The growth figures reflect successful partnerships and innovations aimed at boosting liquidity and accessibility for global users.

“Sonic’s renewed focus on community incentives and developer tooling has spurred unparalleled growth in its DeFi ecosystem” – Andre Cronje, Co-founder, Sonic Network.

Sonic Network’s Market Position and Future Prospects

Did you know? During similar growth periods, previous networks like Fantom also saw rapid TVL increases, indicative of strong community-led initiatives and technical improvements.

As of April 6, Sonic (S) is priced at $0.49, with a market cap of $1.40 billion according to CoinMarketCap. The token experienced a 24-hour trading volume of $79.82 million, reflecting a decline in activity over the previous day.

sonic-prev-ftm-daily-chart — Sonic (prev. FTM)(S), daily chart, screenshot on CoinMarketCap at 05:07 UTC on April 6, 2025. *Source: CoinMarketCap*

The Coincu research team notes that Sonic’s innovative features and compliance-focused partnerships could position it favorably amidst evolving regulations. Positive sentiment around future scaling solutions may further enhance Sonic’s long-term prospects.