Summary: Sonic's Total Value Locked (TVL) reached a record high of $257.24 million, indicating strong activity on the blockchain. Silo Finance emerged as the top contributor with a TVL of $112 million, followed by Beethoven with $72.3 million. Avalon Labs secured the third position with $49.5 million, while SwapX and WAGMI contributed $21.8 million and $20 million respectively. ICHI, Beefy, Shadow Exchange, Equalizer Exchange, and Uniswap also made the top 10 list. The increase in TVL came after Sonic rebranded its name from Fantom. Despite the increase in TVL, Sonic's token value has declined, creating a buying opportunity for investors.



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