Sonic Network has achieved a significant milestone, with its Total Value Locked (TVL) exceeding $10.77 billion. This impressive growth represents a 21.11% increase within a week, indicating Sonic’s strong presence in the decentralized finance (DeFi) space. ♂️ The surge is attributed to strategic initiatives led by Andre Cronje and his team, focusing on community incentives and developer tools.
Andre Cronje’s leadership has been instrumental in driving Sonic Network’s growth. This success follows a similar trajectory as Fantom, another network that experienced rapid TVL increases during periods of community-driven innovation and technical advancements.
Sonic Network (S), previously known as Fantom, is currently trading at $0.49 with a market cap of $1.4 billion. Its 24-hour trading volume has reached $79.82 million, indicating moderate activity levels.
Coincu research highlights Sonic’s innovative features and adherence to regulatory compliance as key drivers for its future success. Positive sentiment regarding the network’s scalability solutions further strengthens its long-term prospects.