Sonic’s total value locked (TVL) reached an ATH of $ 257.24 million this week on January 28, 2025. The Golf is an indicator for robust activity on the blockchain.
Large protocols that feed the growth of Sonic TVL
The top 10 protocols that contribute to Sonic’s TVL are Silo financing, beets, Avalon Labs, Swapx, Wagmi, Ichi, Beefy, Shadow Exchange, Equalizer Exchange and Uniswap.
Silo Finance, a decentralized credit protocol, emerged as the best contribution with a $ 112 million TVL on the Sonic Network. This enormous TVL suggested that silo financing benefits considerably from his decentralized credit platform with which users can borrow virtual assets with the help of collateral.
Top sonic protocols to total value locked
The total value of assets locked in @sonicLabs $ S is around $ 251 million, according to @Defillama. Let’s compare the top #defi-protocols on #Sonic Chain by current #TVL in USD, to evaluate their adoptive range $ silo $ $ $ avl $ swpx … pic.twitter.com/scdt0e5x9j
– Top 7 ICO | Crypto News & Analytics (@Top7ico) January 29, 2025
Beethoven (beets), another important decentralized exchange, followed a TVL worth $ 72.3 million. This is a testimony that the DEX uses users to participate in setting up and delivering farmers with beets and other virtual coins.
Avalon Labs secured third position with $ 49.5 million TVL. Its impact on the Sonic TV comes from his bitcoin-oriented defi-ecosystem. With its Cedefi Lending Platform, investors enables them to borrow against their BTC companies.
SWAPX has secured the fourth position with its $ 21.8 million contribution to Sonic’s TVL. Swapx plays a crucial role because it offers innovative Defi solutions that go beyond regular token change. These include trading services such as deployment, yield from agriculture and other advanced Defi offers.
Wagmi, a prominent decentralized exchange, registered a TVL of $ 20 million, making it four largest protocol on the Sonic Network. It works on numerous EVM-integrated protocols, giving users access to different assets and trade options in different ecosystems.
Ichi took sixth place with $ 18.8 million TVL. It supports Sonic’s TVL through its Defi Liquuidity Manager. Crypto -investors use his yield IQ safes to deposit tokens and earn yields by composite interest created by liquidity pools on apps such as Uniswap V3.
Housing down was Beefy, a yieldgregator, the seventh largest protocol on the Sonic Network. It is a reputable yield taggreator with which users can maximize the power of composite interest and deliver agricultural options on countless Defi platforms.
Shadow Exchange eight with his TVL of $ 7.56 million. The advanced DEX plays a crucial role in the sonic ecosystem. Finally, Equalizer and Uniswap gained visibility with their impressive TVLs of $ 4.34 million and $ 2.18 million respectively.
Equalizer Exchange is a DEX with which users can earn passive income on their tokens through various commitment and opportunities in the field of agriculture on the Sonic Network. On the other hand, Uniswap contributes an important role in the Sonic Network through its innovative Defi -trade and advanced automated market markers.
Sonic price updates
In the Sonic Network, TVL rose higher than $ 250 million, on January 28, fed by the rising investor’s interest after the recently closed rebranding process. The increase in TVL happened after the project had renamed his trademark name as ‘Sonic’ and left the previous ‘Fantom’.
Despite the increase in his TVL, the value of his primary virtual currency has fallen. The active fell by 24.3% in the past month. The downward trend suggests that sellers have the upper hand. It seems that sonic holders discharge their tokens for taking a profit or are forced to liquidate for other reasons.
However, the current low prices create a buying option for smart investors who know that Sonic is an asset to growth potential. Market capitalization is currently being traded at $ 1.38 billion and places it at number 69 in the entire crypto ecosystem.
