Sonic’s TVL Jumps 66% to $253M After rebranding from Fantom
The Sonic (S) blockchain, formerly known as Fantom, has seen a 66% surge in total value locked (TVL), reaching $253 million following its rebranding. According to Cointelegraph and DeFiLlama, Sonic’s TVL has skyrocketed from $153 million on January 16 to $253 million on January 28, reflecting a wave of renewed investor confidence.
This significant growth underscores the market’s positive reaction to Sonic’s transition, with the blockchain gaining traction in DeFi, smart contracts, and decentralized applications (dApps).
The Sonic (S) blockchain, formerly known as Fantom, has seen a 66% surge in total value locked (TVL), reaching $253 million following its rebranding. According to Cointelegraph and DeFiLlama, Sonic’s TVL has skyrocketed from $153 million on January 16 to $253 million on January 28, reflecting a wave of renewed investor confidence.
This significant growth underscores the market’s positive reaction to Sonic’s transition, with the blockchain gaining traction in DeFi, smart contracts, and decentralized applications (dApps).