• bitcoinBitcoin (BTC) $ 108,517.00
  • ethereumEthereum (ETH) $ 2,545.65
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.34
  • bnbBNB (BNB) $ 663.24
  • solanaSolana (SOL) $ 176.90
  • usd-coinUSDC (USDC) $ 0.999795
  • dogecoinDogecoin (DOGE) $ 0.233163
  • cardanoCardano (ADA) $ 0.774317
  • tronTRON (TRX) $ 0.265974
  • staked-etherLido Staked Ether (STETH) $ 2,548.01
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 108,376.00
  • suiSui (SUI) $ 3.65
  • hyperliquidHyperliquid (HYPE) $ 35.39
  • wrapped-stethWrapped stETH (WSTETH) $ 3,065.40
  • chainlinkChainlink (LINK) $ 16.13
  • avalanche-2Avalanche (AVAX) $ 24.23
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  • leo-tokenLEO Token (LEO) $ 8.78
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  • litecoinLitecoin (LTC) $ 97.00
  • moneroMonero (XMR) $ 390.83
  • wethWETH (WETH) $ 2,550.21
  • polkadotPolkadot (DOT) $ 4.69
  • usdsUSDS (USDS) $ 0.999664
  • bitget-tokenBitget Token (BGB) $ 5.57
  • wrapped-eethWrapped eETH (WEETH) $ 2,717.56
  • pepePepe (PEPE) $ 0.000015
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.01
  • pi-networkPi Network (PI) $ 0.755710
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  • whitebitWhiteBIT Coin (WBT) $ 31.93
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 108,615.00
  • bittensorBittensor (TAO) $ 444.06
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  • uniswapUniswap (UNI) $ 6.09
  • nearNEAR Protocol (NEAR) $ 2.89
  • aptosAptos (APT) $ 5.56
  • jito-staked-solJito Staked SOL (JITOSOL) $ 213.23
  • okbOKB (OKB) $ 52.13
  • ondo-financeOndo (ONDO) $ 0.966183
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • internet-computerInternet Computer (ICP) $ 5.44
  • kaspaKaspa (KAS) $ 0.109924
  • crypto-com-chainCronos (CRO) $ 0.096418
  • ethereum-classicEthereum Classic (ETC) $ 18.84
  • tokenize-xchangeTokenize Xchange (TKX) $ 34.91
  • official-trumpOfficial Trump (TRUMP) $ 13.36
  • gatechain-tokenGate (GT) $ 21.45
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • render-tokenRender (RENDER) $ 4.93
  • vechainVeChain (VET) $ 0.029049
  • mantleMantle (MNT) $ 0.737827
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.915902
  • ethenaEthena (ENA) $ 0.398596
  • cosmosCosmos Hub (ATOM) $ 5.05
  • worldcoin-wldWorldcoin (WLD) $ 1.47
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  • susdssUSDS (SUSDS) $ 1.05
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.241724
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 107,674.00
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  • jupiter-exchange-solanaJupiter (JUP) $ 0.588334
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  • sonic-3Sonic (prev. FTM) (S) $ 0.505075
  • fartcoinFartcoin (FARTCOIN) $ 1.55
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,561.12
  • binance-staked-solBinance Staked SOL (BNSOL) $ 186.40
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  • solv-btcSolv Protocol BTC (SOLVBTC) $ 108,530.00
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  • flokiFLOKI (FLOKI) $ 0.000105
  • msolMarinade Staked SOL (MSOL) $ 228.85
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  • mantle-staked-etherMantle Staked Ether (METH) $ 2,719.72
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  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 108,602.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,674.56
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  • the-sandboxThe Sandbox (SAND) $ 0.319122
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  • reserve-rights-tokenReserve Rights (RSR) $ 0.008969
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.999754
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  • syrupMaple Finance (SYRUP) $ 0.368579

Sonic jumps 11% despite bearish markets: DeFi growth fuels the rally

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Sonic jumps 11% despite bearish markets: DeFi growth fuels the rally

Despite a sluggish growth in the crypto markets, Sonic posted a strong rally this week, fueled by notable DeFi expansion and bullish technicals.

While fears over escalating tariffs continue to weigh on investor sentiment, Sonic (S) broke out on Friday, April 4, reaching a daily high of $0.514, marking an 11% increase in 24 hours. The rally appears to have been driven by multiple milestones in Sonic’s decentralized finance ecosystem, which has shown steady growth in both usage and capital inflows.

The total bridged value locked across the Sonic decentralized finance ecosystem is approaching the $2 billion milestone. On April 4, the figure, which represents all assets bridged to and from the Sonic network and multiple other chains, reached an all-time high of $1.8 billion.

Sonic jumps 11% despite bearish markets: DeFi growth fuels the rally

Sonic bridged TVL since launch | Source: DefiLlama

This development came after Sonic broke $1 billion in average TVL on April 2. Both of these figures have been up consistently since the platform’s launch, showing the steady growth of the Sonic DeFi ecosystem.

Sonic jumps 11% despite bearish markets: DeFi growth fuels the rally

Sonic TVL since launch | Source: DefiLlama You might also like: Crypto researcher explains why Sonic price may surge 10x

Sonic DeFi Ecosystem Grows Despite Bear Markets

What makes Sonic’s rally more notable is that it came amid a bearish market backdrop. The ongoing global trade war has dragged down most crypto and stock assets, but Sonic’s DeFi sector appears resilient. Since rebranding from Fantom on December 18, Sonic’s DeFi total value locked has surged from $520,540 to $987 million, representing a 189,510% price increase.

You might also like: ‘Classic business technique’: Trump’s Liberation Day tariffs stir crypto chaos

By contrast, Solana’s DeFi TVL has fallen from its January 22 high of $11.7 billion to its current level of $6.4 billion. For this reason, some analysts are pointing out that Sonic may be undervalued when taking its DeFi growth into account.

Notably, on March 24, DeFi analyst DeFi Plug noted that Solana’s market cap was trading at a multiple of 12 compared to its DeFi TVL. At the same time, the figure for Sonic is 2, suggesting more potential upside for the network.

Read more: ‘Don’t fight the tape’: Nansen urges caution amid Trump tariffs, market fear

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