- Sonic (formerly Fantom) just hit a record 1.37M+ unique addresses, growing rapidly thanks to incentives, wallet upgrades, and cross-chain features.
- DeFi activity is booming, with $951M in TVL (+87% in a month) and major DEX volume driven by platforms like ShadowOnSonic and SwapXfi.
- Native USDC integration and rising stablecoin use are boosting liquidity, putting Sonic in strong position to challenge Solana and Ethereum in the next bull cycle.
Sonic (formerly known as Fantom) has been making serious moves lately. According to recent data, the network hit a record-breaking 1,379,604 unique addresses, with around 13,516 new ones added daily. That’s no small feat.
Since mid-December 2024, Sonic’s unique addresses have been on a wild ride—first with a solid surge, then a brief cool-off, followed by a steady climb that exploded into all-time highs by late February 2025.
Growth Fueled by Incentives, Cross-Chain Upgrades, and DeFi Buzz
Sonic’s recent boom isn’t just hype. It’s rooted in some real strategic upgrades. The team’s been smart—offering incentives, handing out free assets to onboard new wallet users, and rolling out cross-chain functionality to boost asset movement between blockchains.
All of this contributed to a spike in on-chain activity—more users, more staking, more transactions. That organic growth? It’s pushed demand for Sonic and helped strengthen its long-term standing.
DeFi Ecosystem Sees Serious Action
This user spike? It’s rippled into Sonic’s DeFi space big time.
DEXs on the network are popping off—ShadowOnSonic clocked in $38.6M in trading volume, SwapXfi pulled $10.3M, and WagmiCom added $7.4M. Not to mention, big names like AAVE, Beets.fi, and Pendle Finance have jumped onboard in 2025.
And it’s not stopping there—Circle’s native USDC is coming in with CCTP V2, which means no more sketchy bridges and instant minting between chains.
Sonic’s TVL and Stablecoin Supply Are Booming
TVL (total value locked) on Sonic is soaring. In just the past month, TVL jumped 87% to $951.96 million. The market cap/TVL ratio is currently at 2.2x—for comparison, Solana sits at 12.7x, hinting at Sonic’s unrealized potential.
Stablecoins? They’re now over $250M in value on the network. With native USDC now live, cross-chain liquidity just got a major upgrade. That’s a game changer for DeFi users looking for smoother, faster, more secure transactions.
Looking Ahead: Can Sonic Compete With Solana and Ethereum?
Sonic isn’t just building quietly—it’s positioning to challenge the giants. With tools like SiloFinance’s non-custodial lending and ChainGPT’s advanced DeFi tech, the network is gearing up to play hard in the next bull cycle.
It’s early—but the pieces are falling into place for Sonic to potentially become a serious contender in the DeFi race, right alongside the likes of Solana and Ethereum.
