DeFi seems to be entering a new growth phase, with new capital flowing into major protocols and investor sentiment turning very bullish. This soft trend is nowhere more evident than on Sonic, an emergent DeFi network where the top protocols control almost $1.6 billion in total value locked (TVL)—about 80% of the network’s TVL. And at the heart of this trend is Aave, the long-standing titan of decentralized lending, now pushing harder than ever to assert itself across the DeFi space. Sonic’s Top 8 Protocols Dominate with $1.6B in TVL Currently, the network has its liquidity concentrated in the hands
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