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One of the standout features of Sonic Chain is its remarkable TVL growth. Currently hovering around $450 million, analysts predict it could reach the billion-dollar mark with sustained investment. In just a few months, the chain's TVL has consistently doubled, showcasing its attractiveness as a DeFi platform. Notably, it competes directly with larger chains like Avalanche and Solana while exhibiting potential to capture more market share as more users are onboarding.
Much of this growth can be attributed to a vibrant ecosystem that supports diverse earning applications, including decentralized exchanges (DEX) such as Swap X, which have attracted substantial liquidity. As these platforms flourish, they bolster Sonic Chain's overall value proposition, ultimately leading to an increase in TVL.