While the broader crypto market continues to struggle under macroeconomic pressures and tariff-driven sell-offs, Sonic (S) is bucking the trend. The DeFi-focused blockchain rallied 11% on April 4, reaching a daily high of $0.514, as strong fundamentals and rising capital inflows fueled investor confidence.
Sonic Soars as DeFi Ecosystem Expands
The recent breakout comes amid a significant milestone for the Sonic DeFi ecosystem, which has been experiencing rapid growth in both usage and capital allocation. According to data from DeFiLlama, the total bridged value locked (TVL) across Sonic’s network hit a new all-time high of $1.8 billion on Friday.
This figure includes all assets bridged to and from the Sonic network, spanning multiple blockchain ecosystems. Just days earlier, on April 2, Sonic crossed the $1 billion average TVL threshold for the first time since its launch—an indicator of the platform’s steady adoption and expanding user base.
“Sonic is proving its staying power in a bearish market,” one analyst commented. “Its DeFi momentum stands out when most competitors are seeing outflows.”
Rebrand from Fantom Sparks New Growth Trajectory
Since rebranding from Fantom on December 18, Sonic’s ecosystem has grown exponentially. In just a few months, its DeFi TVL has skyrocketed from $520,540 to $987 million, representing a staggering 189,510% increase. This trajectory has caught the attention of investors and analysts alike, particularly as Sonic’s performance diverges from broader market trends.
By comparison, rival blockchain Solana has seen its DeFi TVL drop from $11.7 billion in January to $6.4 billion today—highlighting Sonic’s relative strength in the sector.
Valuation Signals More Upside Potential
Some market watchers suggest that Sonic may be undervalued based on its current market cap-to-TVL ratio. According to DeFi analyst DeFi Plug, Solana trades at a 12x multiple of its DeFi TVL, whereas Sonic’s ratio is closer to 2x, implying more upside potential for Sonic if the market adjusts based on fundamentals.
This growing investor interest—despite broader market headwinds—has helped fuel Sonic’s recent price surge, positioning it as a standout performer in a bearish environment.
Final Thoughts
As trade tensions and macroeconomic uncertainty continue to weigh on global markets, Sonic’s impressive growth in DeFi adoption and capital inflows offers a rare bright spot. With bridged TVL nearing the $2 billion mark and a strong value proposition, Sonic appears well-positioned for further gains—particularly if market sentiment improves.
