Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Ethereum’s Low Exchange Reserves Suggest Potential Price Movements Amid Market Trends

Ethereum’s exchange reserves are at historic lows, indicating a potential supply-driven price increase for the leading smart contract platform. The sustained low levels of reserves might propel upward price movements Crypto Potato

---

Sonic Network Sees Explosive Growth in TVL and DEX Volume, Solidifying Its Market Position

The cryptocurrency world is seeing the fast ascent of Sonic , a very promising EVM-compatible Layer 1 (L1) blockchain. Since its launch, Sonic has exhibited the kind of rapid growth one hopes to see in any new network, especially in two key metrics: Total Value Locked (TVL) and decentralized exchange (DEX) volume. Most recent figures place Sonic’s TVL at an impressive $59 million, ranking it 19th among all Layer 1 networks. Meanwhile, the network’s DEX volume has recently surged to an astonishing $725 million over a 24-hour period. Rapid Growth in TVL and DEX Volume TVL alone in Sonic’s case has skyrocketed in the last month, increasing by 27 times—an extraordinary growth rate that underscores the DEX’s rapid adoption and the scalability of its underlying infrastructure. The DEX is located on the Sonic subnet, which uses the Avalanche blockchain. This increase in TVL points to an influx of liquidity, indicating that users and projects are building on and finding real value in the network. Sonic TVL and DEX Volume are both exhibiting a strong growth pattern since launch. TVL is up 27X in the past month, while Volume grew from $2m cumulative at the end of 2024 to over $176m last week. pic.twitter.com/CU9Tbdd7Lk — DefiLlama.com (@DefiLlama) January 28, 2025 The momentum is further underscored by Sonic’s trading volume, which saw a tremendous leap from a cumulative $2 million at the close of 2024 to more than $176 million just last week. This huge uptick in volume shows that Sonic’s decentralized applications (dApps) and services have gone from being an unknown quantity to one with a lot of appeal, and this paints the network as a much more viable long-term project. And as more and more projects pick Sonic to be their launch platform, it is clear that the chain is carving out a decent space for itself in the crypto world. TVL is often considered one of the “most critical metrics” (Folius, 2022) for understanding “organic growth and network momentum” (Millenson, 2022). Why? Because TVL reflects “the amount of capital that is being secured and utilized within the network” (Folius, 2022). And if TVL is rising, then clearly something good is happening within that network. EVM-Compatible and High-Throughput Infrastructure One of the most attractive aspects of Sonic is its compatibility with EVM, which allows developers to construct dApps that can interact with the enormous Ethereum ecosystem seamlessly. That compatibility also makes it straightforward for users and developers to shift from Ethereum-based platforms to Sonic while enjoying the benefits of significantly faster transaction speeds and lower transaction fees. Sonic’s strong infrastructure can deal with large numbers of transactions, with an impressive throughput capacity of 10,000 transactions per second (TPS). This scalable nature of Sonic makes it an attractive option for developers who want to use it as a platform to build decentralized applications that demand high-speed execution and efficient working of the app in tandem with the infrastructure. The chosen apps could have many different forms, from decentralized finance (DeFi) to gaming, with no paths that are clearly off-limits to the infrastructure for Sonic. Sonic’s On-Chain Staking Opportunity Sonic is not only experiencing remarkable growth in its TVL and trading volume, but also in its overall ecosystem. The project recently rolled out staking for its native token, $S, which allows Sonic’s users and supporters to lock up their tokens and help secure the network. In return for offering this service, Sonic is rewarding users with up to a 4% annual percentage yield (APY). $S (Sonic) is now available for on-chain Staking in the Crypto․com App! Start staking to secure your favourite blockchain while earning up to 4% rewards Enjoy the flexibility of unstaking your assets in a secure and convenient manner. @SonicLabs pic.twitter.com/cMJ38dHSvQ — Crypto.com (@cryptocom) January 28, 2025 Sonic’s community has a way that they can support the network’s growth and also earn a stream of income that flows to them passively. This income is earned by network users who stake their tokens and help secure the system. Together, these users are making Sonic more decentralized while also contributing to the overall stability of the network. In exchange for this work—which isn’t really that hard to do—stakeholders are rewarded with $S tokens. A Bright Future Ahead for Sonic Sonic is on track to become one of the blockchain space’s top contenders, thanks to its impressive TVL and DEX volume growth. Backed by the high throughput, EVM compatibility, and staking rewards that make for a good developer and user experience, Sonic has all the trappings of an up-and-coming network. But unlike some other blockchains that seem to promise a lot but deliver little, Sonic is not just talk. Its burgeoning DEX volume is the talk of the space—and for good reason. The swift embrace of Sonic speaks volumes about the network’s potential and its key ability to resolve some of the blockchain industry’s most pressing pain points. As the market matures, Sonic is not merely positioned to continue an upward trajectory but seems all but certain to deliver ever-greater value to its developers and users. Developer enthusiasm and user uptake seem nearly assured, making it appear ever more likely that Sonic is not just another blockchain but a serious contender in the world of decentralized technologies. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: pitinan/ 123RF // Image Effects by Colorcinch Crypto Potato