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Sonic Surpasses SUI and APT, Reaching $1B TVL 7x Faster
In a remarkable achievement, Sonic has surpassed SUI and APT, reaching the milestone of $1 billion in Total Value Locked (TVL) in a record-breaking 66 days. This feat is seven times faster than its predecessors.
The rapid growth in locked assets reflects growing trust in the network, as investors flood the market with capital, driven by strong investor confidence. The blockchain’s ability to attract liquidity suggests that demand remains high and could lead to further price movements if this trend holds.
Data from DeFiLlama confirms Sonic’s TVL has surpassed $1 billion, highlighting the significant increase in locked assets. This surge indicates a growing ecosystem, as more users entrust their funds with the platform.
The data also shows an impressive spike in social dominance, with Santiment reporting a 5.39% rise in discussions about Sonic. Increased conversations often signal rising demand, potentially driving prices higher.
Source: https://cryptonewsland.com/sonic-surpasses-sui-and-apt/
