According to Miles Deutscher, Sonic ($S) has climbed to 6th place in daily decentralized exchange (DEX) volumes, marking an 84% increase from the previous week. It now surpasses other significant blockchains such as Sui, Berachain, and Hyperliquid. This growth indicates increasing investor interest and liquidity moving towards the Sonic ecosystem.

According to Miles Deutscher, new coins $IP, $KAITO, $S, and $BERA continue to lead the centralized exchange (CEX) charts with a significant upward squeeze observed this morning. This surge suggests that short sellers might have been overly aggressive, leading to a short squeeze scenario where they are forced to cover their positions, thus driving prices higher. Traders should note this momentum and consider the potential for continued volatility in these assets.

According to Michaël van de Poppe, the Total Value Locked (TVL) in the $S ecosystem has surged from less than $100 million to over $400 million in under two months, highlighting its potential as a serious contender to $SOL. This rapid growth, coupled with features like full unlock, high throughput, and fast settlement, makes $S a notable entity for traders to watch in the coming year, especially given its strong price rebound. Source: Michaël van de Poppe.

According to Pentoshi, $S is among the top-performing cryptocurrencies and is nearing all-time highs. This trend may suggest strong bullish momentum, potentially attracting more traders to enter long positions. Monitoring $S's trading volume and support levels could provide insights into sustaining this upward trajectory.

According to Coinbase International Exchange, the platform will introduce Sonic perpetual futures on January 16, 2025, enhancing trading options for $S.