Sonic (SONIC) is an advanced blockchain platform designed to support decentralized applications (dApps) with high performance and interoperability. Launched by Sonic Labs, co-founded by Andre Cronje, Sonic aims to provide a seamless experience for developers and users by being compatible with both Solana Virtual Machine (SVM) and Ethereum Virtual Machine (EVM). This dual compatibility allows for a broader range of applications and cross-chain functionalities.
On January 17, 2025, the FTM to SONIC migration was completed, with Sonic introducing its native token, Sonic S (S), replacing Fantom’s FTM at a 1:1 conversion rate. This transition was facilitated through listings on 13 major exchanges ensuring a smooth experience for existing FTM holders.
The migration was strategically implemented to enhance the platform’s scalability, reduce transaction costs, and support high-performance decentralized applications while maintaining compatibility with Ethereum and Solana ecosystems.
Furthermore, the Total Value Locked (TVL) on Sonic Network has surged to over $730 million, reflecting a 249% growth in the past month. This rapid increase in TVL signifies:
Sonic’s controlled token supply is structured to minimize inflation risks while encouraging long-term growth and ecosystem sustainability.
As of February 24, 2025, SONIC is trading at $0.8807 USD, approximately ₹76.34 INR. This week, SONIC experienced a 61.62% surge, reflecting growing market interest and positive sentiment following the successful migration.
The recent breakout from a falling wedge pattern suggests that Sonic has entered a bullish phase, aligning with the overall positive momentum in the crypto market.
| Aspect | Details | Evaluation |
|---|---|---|
| Founders | Co-founded by Andre Cronje | Strong leadership and innovation |
| Utility | dApps, DeFi, cross-chain interoperability | High applicability |
| Total Supply | 3.175 billion tokens | Controlled supply minimizing inflation |
| Adoption | Growing across multiple sectors | Expanding user base |
| Volume | Increasing trading volume | Indicates rising interest |
| TVL Growth | $430 million (150% increase in one month) | Strong DeFi traction |
| Roadmap | Focus on scalability, interoperability, and adoption | Clear long-term goals |
| Year | Bearish Case (USD) | Bullish Case (USD) | Remarks |
|---|---|---|---|
| 2025 | $0.60 | $1.50 | Post-migration stability and ecosystem growth |
| 2026 | $0.85 | $2.10 | Increased DeFi and dApp adoption |
| 2027 | $1.20 | $3.00 | Expansion into new markets |
| 2028 | $2.00 | $4.00 | Strong institutional interest and utility |
| 2029 | $2.50 | $5.10 | Widespread adoption and network maturity |
| 2030 | $3.70 | $6.00 | Established leader in blockchain applications |
Sonic (S) crypto presents a compelling case for long-term profitability, underpinned by its robust Layer 1 blockchain infrastructure tailored to meet the escalating demands of the decentralized finance (DeFi) sector. The network’s emphasis on scalability, interoperability, and low transaction costs positions it favorably within the competitive blockchain landscape.
With strong market sentiment, expanding DeFi applications, and continuous ecosystem growth, SONIC is well-positioned for substantial long-term price appreciation.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse from any loss from such transactions.
