News

How Rising TVL and Cross-chain Flows Could Fuel Fantom’s Road Back to $1

Key Insights:

  • Fantom broke out hard but a pullback to the support zone at $0.55 – $0.58 before continuation rally could present a great opportunity to go long only if price held above this zone.
  • Sonic TVL at $2.09B that includes borrows, double count, liquid staking and vested S tokens.
  • Total transferred amount between chains shows growing cross-chain flows into Sonic.

Fantom, currently Sonic (S), managed to break above its main downtrend resistance which signaled an exceptionally bullish price action. 

The price surpassed its descending trendline while entering the resistance-to-support zone which spanned from $0.55 up to $0.58 and thus validated the breakout. 

The sustained holding of Fantom above this resistance area would likely push its price to target $0.90 and beyond possibly reaching $1 during upcoming months.  

Buyers might find the best price point to enter at the $0.55 to $0.58 range if the market maintains its support levels. 

If Fantom price fails to hold above the zone, it could probably cancel the bullish outlook thus triggering a price correction moving toward $0.49. 

Fantom, now Sonic, daily chart | Source: X

The definite intersection of the trendline that could be followed by an bullish retesting pattern suggested potential surge. 

An unsuccessful price attempt below $0.55 could allow bears to resume their control thus driving Fantom downward.  

The support zone emerged as an essential factor in this assessment because it set the conditions for Fantom’s breakout success or failure.

Fantom Price and Total Value Locked

The Total Value Locked in DeFi reached $1.924 billion for Fantom which was a combination of borrows, double counting, liquid staking and vested Fantom, now S token, holdings. 

During February 2025 the TVL in DeFi hit its lowest value of $1.5 Billion in February but rose back up to $1.924 billion. 

Throughout the period the S token value (blue line) achieved a 210% growth by rising from $0.2 to $0.62. 

The stablecoins market capitalization stood at $387.71 Million while fees total $18,705 and app revenue amounts to $198,951 over a 24-hour period. 

Fantom TVL | Source: DefiLlama

The daily DEXs volume reached $131.085 million while perps volume amounted to $197.085 million leading to the inflow of $488,194. 

The Bridged TVL stood at $1.422 billion and the market capitalization of Fantom amounted to $1.958 billion.

The blockchain has gained strong ecosystem adoption making the network more valuable and attractive to users. 

The thriving network status of Sonic’s DeFi statistics showed that a growing interest among investors will likely continue to boost its price.

Total Cross-chain Flow

Analysis on deBridge showed the increasing cross-chain transactions involving Sonic, formerly Fantom, from the total value transfers. 

The significant flow of funds to Fantom occurred through extensive transfers coming from Solana, Arbitrum and Ethereum which indicated substantial value transfers between BNB Chain and Avalanche. 

The largest blockchain transfers on deBridge were from Solana to Fantom (Sonic) then came Arbitrum to Sonic and then Ethereum to Sonic but Fantom operations to other chains remained low which indicated accumulation activity. 

Total transferred amount between chains | Source: deBridge

Moreover Solana and Arbitrum exchanged large volumes between each other although Sonic gained prominence as an inflow destination. 

Sonic’s blockchain received increased cross-chain transaction volume as the adoption and interoperability improved due to its scalability features. 

The devaluation of Sonic’s price to $1 could continue if inflow activity slowed down as the market signals could have indicated that the project lost its trajectory of growth. 

lennox gitonga

Share
Published by
lennox gitonga

Recent Posts

HBAR Crypto Eyes Breakout As Price And Liquidity Tighten

Key Insights: HBAR was trending in a narrowing wedge formation with upper and lower boundaries…

9 months ago

XRP Price Prediction: Ripple Eyes The $6 Mark In Bullish Setup

Key Insights: The sentiment analysis on XRP indicated that the retail and institutional investors had…

9 months ago

Will Ethereum Price Rally as Whale Accumulation and ETF Inflows Surge?

Key Insights: An Ethereum whale purchased $29 million worth of ETH in four days, including…

9 months ago

XRP Price Holds Above $2 Despite Whale Sell-Off: What’s Next?

Key Insights: XRP price trades near $2.16, with bulls defending the $2.13 level to avoid…

9 months ago

Dogecoin Price prediction: Chart Data Indicates $4 Could Be Possible

Key Insights: Dogecoin price predictions show the meme coin’s price aims for $4 before possibly…

9 months ago

XRP News: Legal Clarity Strengthens Ripple’s Position

Key Insights: XRP's bullish Elliott Wave pattern finished with an escape from the Wave 4…

9 months ago

This website uses cookies.