The price of Sonic (S) has experienced a significant rally, reaching $0.99, a 200% increase from its lowest point since its transition. This surge is driven by Sonic's growing presence in the decentralized finance (DeFi) industry, attracting nearly 80 developers over the past two months. Sonic has become the 13th-largest blockchain by total value locked and has surpassed Cardano and Cronos in stablecoin holdings. The network has also become the sixth-largest in terms of decentralized exchange (DEX) volume, with its weekly volume reaching $501 million. The number of Sonic users and transactions is on the rise, with positive technical indicators suggesting further price increases in the future.



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