I'm literally surprised to see #Sonic's TVL drop from $1.1B down to just ~$30M.


Sonic/Fantom was once one of the leading chains during DeFi Summer, with crazy trends like Olympus DAO forks and ve(3,3) model that helped the eco explode from a few hundred million to $8B in just a few months.
Back then, ppl was calling Fantom the real “Ethereum killer” in DeFi
Now, looking at this massive TVL decline, it’s clear proof that we should evaluate projects based on real MOAT and PMF rather than chasing short-term FOMO.
SONIC-0,08%
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