Sonic’s price has been on a tear lately, riding a wave of increased network usage. More users are jumping into its ecosystem, drawn to its Ethereum-compatible blockchain and growing DeFi scene. The numbers tell the story – transactions are up, more value is being locked in its protocols, and trading has picked up steam.
While price gains often grab headlines, it’s the actual usage that’s noteworthy here. Several DeFi projects have launched on Sonic, giving users new ways to put their assets to work. This organic growth suggests the price rally is backed by real adoption rather than just speculation.
1/ @SonicLabs is making waves as an EVM Layer-1 with 10,000 TPS, sub-second finality, low fees, and robust aBFT security.
— Dune | EthDenver (@Dune) February 20, 2025
🔹 Dev-friendly ecosystem
🔹 Fee monetization (up to 90% of fees)
🔹 $200M Sonic Innovator Fund
Let’s dive into the data 👇https://t.co/xYXaK7Lnkx
What you'll learn 👉
Sonic’s Rapid Growth Since Launch
Since its December launch, Sonic has recorded over 25 million transactions and attracted 758,000 active addresses, according to data from @Dune. Smart contract deployment has reached 58,000, with TVL surpassing $500 million.
Transaction fees generated have exceeded $316,000, indicating a strong on-chain economy. The rapid adoption has positioned Sonic as a competitive blockchain, offering 10,000 transactions per second, sub-second finality, and low fees. Additionally, the $200 million Sonic Innovator Fund has incentivized ecosystem development.
Decentralized exchanges (DEXs) have played a crucial role in this expansion. @ShadowOnSonic, a Sonic-native concentrated liquidity DEX, now accounts for over 30% of total transactions and fees. @odosprotocol, a DEX aggregator, contributes approximately 5% of transactions and 10% of fees. The shift in DEX dominance highlights changing market preferences and liquidity redistribution.
Gaming and Market Trends
Gaming activity has also influenced network dynamics. Sacra: Falling of Myrd once accounted for over 30% of transactions and continues contributing more than 25% of all fees.
This underscores the role of gaming applications in driving blockchain activity beyond traditional DeFi. Increased transaction volumes and engagement suggest sustained user interaction with gaming contracts.
Sonic’s trading volume has also surged, reaching a $129 million daily peak on February 18. Cumulative volume has exceeded $2 billion, signaling greater liquidity and investor participation.
@wagmicom previously dominated the market with an 80% share, but @ShadowOnSonic has now taken the lead with over 70%. Other active DEXs include @SilverSwapDex, @MetropolisDEX, and @Equalizer0x.
Read also: Injective (INJ) Price Gains Momentum—Will It Surge to $52?
DeFi Lending and Sonic Token Incentives
Beyond trading, Sonic’s DeFi lending sector is expanding. @SiloFinance leads with a $310 million total supply and a 66% utilization ratio. Strong borrowing demand has pushed daily lending volume to a $125 million peak, while total lending volume has exceeded $1.3 billion.
Meanwhile, @SwapXfi’s V4 CLAMM Sonic-native DEX holds 7.5% of Sonic’s TVL, offering an average 350% voting APR and a locked supply rate of 75%.
@TheDeFinvestor highlighted Sonic’s recent momentum, noting a 344% increase in TVL over 30 days and a 57% price jump within a week. Major dApps like Pendle, AAVE, and GammaSwap are expected to launch on Sonic, further solidifying its position.
Sonic is crushing it across all metrics:
— The DeFi Investor 🔎 (@TheDeFinvestor) February 21, 2025
• its TVL is up 344% in the past 30d
• $S is up 57% in the past week
• its DEX volume is surging
And many tier-1 dApps like Pendle, AAVE, GammaSwap will soon go live on Sonic.
Great to see it making a comeback. pic.twitter.com/Bbl5eO6gho
Sonic trades at about $0.8938 as of this writing. As per CoinGecko, this reflects a 15.19% increase in the last day and a 63.76% rise over the past week.
With high transaction speeds, strong DeFi performance, and expanding gaming integrations, Sonic continues to build momentum. As more applications deploy on the network, market participation is expected to remain strong, fueling further price action.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
