Sonic, the EVM layer-1 blockchain network, is gaining ground in the digital assets space. According to fresh data reported today, Sonic has created another milestone by outperforming major crypto projects including Cardano, SUI, APTOS and Avalanches in terms of TVL/FDV ratio. Data shows that Sonic’s TVL/FDV ratio is higher than its competitors. This growth has positioned Sonic as one of the most valuable blockchains ahead of these rivals.
What is the TVL/FDV ratio?
The TVL/FDV ratio compares TVL in the Defi protocol with FDV and provides insight into the growth potential and whether the project’s evaluation is solid or fantastical. In other words, the lower the FDV/TVL ratio, the lower the project is underestimated. The higher the ratio, the greater the evaluation of the project and the stronger its development.
@@soniclabs is leading the game! 🚀
The TVL/FDV ratio is 0.69, and Sonic surpasses Avalanche, Aptos, SUI, and Cardano, demonstrating superior liquidity traction compared to market capitalization! 🔥
As capital flows, the ecosystem flourishes. Sonic is the hottest destination you can’t do…pic.twitter.com/gu0lw9rm8r
– Prev Fantom Insider (@insider_sonic) March 8, 2025
Looking at the data, Sonic’s TVL/FDV ratio is 0.6917, which is higher than its competitors. This not only shows that a lot of money is on the platform, but also shows that the project is stronger than the others. Its rating is higher than its rivals and therefore has a higher chance of growth than others.
Aptos ranked second with a TVL/FDV ratio of 0.2989, giving us the second best, stable and valuable project behind Sonic. Avalanche then follows, holding a TVL/FDV ratio of 0.1953. Next is SUI, registering a TVL/FDV ratio of 0.08256, and finally a Cardano of 0.01292.
How Sonic leads the market
Despite the ongoing recession in the broader crypto market, Sonic ignored the slowdown. Over the past 30 days, the asset has become one of the top performers, with prices rising from $0.4556 to $0.5099. Additionally, all Defi Tokens (including Meme Coins such as Indi, Goglz, THC) that run on Sonic’s Layer-1 blockchain are registered.
Factors contributing to this growth are the broader innovations in Sonic’s technological infrastructure, upgrades and development, and token economic model. According to data from Defillama, Sonic was the fastest growing layer-1 blockchain last month when it comes to TVL. That lock amount rose from $1 million in January to a February high of $460 million, exceeding 450%.
Plus, Sonic will become a new driving force behind the EVM ecosystem. This cannot be overlooked after On-Chain Dex Dex’s monthly trading volume exceeds $1 billion.
