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Sonic Network TVL Surpasses $10.77 Billion
Key Points:* Sonic Network’s TVL reaches $10.77 billion, marking a 21.11% rise.
This development, under the leadership of Andre Cronje, highlights Sonic Network’s increased influence in the decentralized finance ecosystem.
Sonic Network TVL Reaches $10.77 Billion Milestone
Sonic Network, previously known as Fantom, recently recorded a significant rise in TVL, achieving a milestone of $10.77 billion. This increase stems from a strategic focus on community incentives and enhanced developer tools, driven by Andre Cronje and his team.
The increase represents a 21.11% growth within a week, showcasing Sonic as a major DeFi player. The growth figures reflect successful partnerships and innovations aimed at boosting liquidity and accessibility for global users.
Sonic Network’s Market Position and Future Prospects
Did you know? During similar growth periods, previous networks like Fantom also saw rapid TVL increases, indicative of strong community-led initiatives and technical improvements.
As of April 6, Sonic (S) is priced at $0.49, with a market cap of $1.40 billion according to CoinMarketCap. The token experienced a 24-hour trading volume of $79.82 million, reflecting a decline in activity over the previous day.