Sonic (S) Drops 12% as TVL Falls $4.47M Despite User Surge

Sonic SVM (S) declined 12% over the past 24 hours, marking one of the steepest losses across the market. On-chain activity surged during this period, with Daily Active Users climbing from 6,200 to 7,600 week-over-week and transactions reaching 228,000. The price decline occurred alongside a $4.47 million outflow from Total Value Locked (TVL), which fell to $16.07 million. The divergence between rising on-chain activity and falling TVL suggests the user surge correlates with capital leaving the network rather than accumulation.

Sonic Daily Active Users Rise 22.6% Week-Over-Week

On-chain activity across the Sonic blockchain spiked over the past week. Daily Active Users climbed from 6,200 to 7,600, representing a 22.6% increase week-over-week. On-chain transactions reached 228,000 at the time of writing. This level of activity occurred despite S dropping 25% over the past 30 days.

Total Value Locked Drops $4.47 Million Amid Activity Surge

Total Value Locked declined by $4.47 million during the same period that users and transactions were climbing, falling to $16.07 million. TVL measures capital deposited on a blockchain. The decline occurred as decentralized exchange (DEX) volume reached $3.27 million—the second-highest reading of the month and third-highest since March. Sonic's trading volume stood at $26.8 million, approximately 51% higher on the day.

Spot Market Shows $20,000 Net Inflow on Light Volume

Spot netflows for the week carried a net inflow of $20,000 on total buys of $231,000 across the week. Activity in the spot market remained muted with little meaningful buying or selling volume.

FAQ

What happened to Sonic (S) price over the past 24 hours? Sonic (S) declined 12% over the past 24 hours, with the token also dropping 25% over the past 30 days.

How much did Sonic's Total Value Locked decline? Sonic's Total Value Locked declined by $4.47 million, falling to $16.07 million, while Daily Active Users rose from 6,200 to 7,600 week-over-week.

What was Sonic's DEX volume during this period? Sonic's DEX volume reached $3.27 million—the second-highest reading of the month and third-highest since March—while trading volume stood at $26.8 million, approximately 51% higher on the day.