Sonic Blockchain achieved a total value locked of 1 billion USD in 66 days, outperforming other competitors like Sui and Aptos. This growth reflects significant capital inflows amidst a declining DeFi market, indicating strong investor confidence.
Despite its successes, Sonic faces risks such as a 20% decrease in its token value and removal from Grayscale’s watchlist, prompting concerns about long-term confidence. The platform also competes against other high-performance blockchains, raising questions about its future.
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