In a big moment for blockchain, Sonic hit $1 billion in Total Value Locked (TVL) in just 66 days. This was much faster than Sui (505 days) and Aptos (709 days) to reach the same level. Miles Deutscher, a crypto expert, pointed this out on X (formerly Twitter).
Sonic (prev FTM) journey to $1 billion in TVL is marked by an extraordinary increase in adoption. From the chart shared by Deutscher, it is evident that Sonic’s growth was steep and rapid, peaking at around 66 days.
The initial climb in TVL was exponential, indicating strong market interest and user engagement in the early stages. The blockchain’s performance suggests that Sonic could be benefiting from unique technological advantages, effective marketing strategies, or a well-received product launch. After the rapid initial rise, the growth began to stabilize, possibly indicating a maturation phase or external market forces.
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Comparison to Sui and Aptos
When comparing Sonic’s rapid success to Sui and Aptos, the difference in growth trajectories is apparent. Sui’s rise was slower, taking 505 days to reach $1 billion TVL. While this may indicate more organic growth, Sui’s curve was less aggressive than Sonic’s.
Aptos, on the other hand, saw an even slower increase, with its growth taking 709 days. Both Sui and Aptos show steady and consistent TVL increases over time, reflecting gradual user adoption and long-term growth rather than the short-term surge seen with Sonic.
Sonic Price Support and Resistance Levels
The chart shows important support and resistance areas for Sonic price. The upper resistance sits at $0.9872, where the price has struggled to move higher several times, showing strong selling at this level. The lower support is around $0.3279, a level that has repeatedly stopped further price drops and acts as a solid floor.
Right now, Sonic price trades at $0.7272, moving between these key support and resistance levels. The RSI is at 51.81, which suggests the market is neutral – neither buyers nor sellers have the upper hand at the moment. This neutral position means Sonic might trade sideways for a while before making its next big move.
Read Also: Crypto Veteran Explains How Stellar (XLM) Price Can Rally 330%
Moreover, the tweet from Miles Deutscher highlights Sonic’s significant feat of achieving $1 billion in just 66 days. Comparing Sonic to Sui and Aptos highlights just how quickly Sonic has grown in the blockchain world.
Sonic price fast rise might look like simple market hype, but it could actually be built on solid foundations that will help it grow and scale over time. At $0.7272 per token, Sonic stands in a good spot to keep its momentum going, with more users and investors paying attention to how it performs.
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