Apr 3, 10:45 PM

Sonic Labs Surpasses $1 Billion in Total Value Locked, Growing 2,740%; Maple Finance Reaches $600 Million

Sonic Labs has achieved a milestone by surpassing $1 billion in Total Value Locked (TVL) within just four months of its launch, marking a substantial growth in the decentralized finance (DeFi) sector. The protocol currently holds a market capitalization of $509.3 million in stablecoins. Other notable blockchain projects also reported impressive TVL growth, including Soneium at 135.2%, Sonic at 78.76%, and ZetaChain at 65.73%. Additionally, Maple Finance has seen its TVL surge over 12 times in the past year, reaching $600 million, driven by its secured lending products. The stablecoin market cap has also reached a record high of $234.6 billion, indicating a robust expansion in the DeFi landscape.