Sonic network has drawn attention due to its rapid TVL growth, although its token price still lags behind. Analysts discuss the conditions of this growth and its potential implications for price dynamics.
Sonic vs. Other Networks
According to DeFiLlama, Sonic achieved $1 billion in TVL within just 66 days of launch. For comparison, Sui reached this milestone in 505 days and Aptos in 709 days. Sonic's steep capital inflow is attributed to its gas fee distribution model, where 90% of gas fees go to developers, providing a direct financial incentive.
Market Metrics and On-Chain Activity
Data from Sonic shows its TVL surpassed $1.02 billion by early April 2025. Simultaneously, the token's price remains around $0.51, even though TVL has expanded more than fivefold. On-chain data reveals high trading volumes on DEX and perpetual markets — $99.94 million and $125.88 million, respectively.
Technical Analysis and Price Predictions
Chart analysis indicates that Sonic faces resistance in the $0.80-$1.00 range. Current consolidation occurs in the $0.40-$0.45 range. Analysts predict a potential price increase to $1, citing expanding TVL and an active ecosystem.
While Sonic’s TVL shows rapid growth, questions remain about the sustainability of this trend. Analysts continue to observe network developments and potential factors that may affect further price increases.
