Sonic (prev. FTM) (S)

Layer-1 Rank #88 🟠 CAUTION
4.4/10

Score Breakdown

Unlock5/10
Tokenomics5/10
Insider6/10
Onchain3/10
Dev Activity5/10
Revenue1/10
Institutional5/10
Etf3/10
Market Structure5/10
Security6/10

Analysis

Sonic completed its migration from Fantom with 1:1 token swap and rebranded ecosystem under Andre Cronje's leadership. The new chain launched with improved consensus and 2-second finality, attracting $400M TVL within first quarter. Development is highly active with native DeFi protocols and cross-chain bridges. Fee revenue is growing from increased transaction volume. The ecosystem is still rebuilding with limited battle-tested applications and dependency on Cronje's continued involvement.

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