Sonic, an EVM Layer-1 blockchain network, has outperformed major crypto projects including Cardano, Sui, Aptos, and Avalanche in terms of TVL/FDV ratio, positioning itself as one of the most valuable blockchains. TVL/FDV ratio compares the total value locked in a DeFi protocol to its fully diluted valuation, indicating the potential for growth and the project's strength. Sonic's TVL/FDV ratio of 0.6917 is higher than its competitors, suggesting high valuation and strong development. Despite the current downturn in the overall crypto market, Sonic has seen significant growth in the past 30 days, with its price and the DeFi tokens running on its platform experiencing gains. The growth can be attributed to Sonic's tech infrastructure, upgrade and development, and token economic models. Sonic has also become a driving force in the EVM ecosystem with its on-chain DEX monthly trading volume surpassing $1 billion.



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