Soneium, an Ethereum layer 2 chain developed by Sony Block Solutions Labs, has seen significant growth in the decentralized finance (DeFi) space since its launch in January. According to DefiLlama, the total value locked (TVL) across the network’s decentralized applications (dapps) exceeded $45 million as of Monday. The platform was developed as a product of Sony Block Solutions Labs, a collaboration between Sony Group and web3 infrastructure provider Startale. Before its public launch, Soneium underwent extensive testing, during which it handled over 15 million active users and processed 45 million transactions.

About Soneium

Sony has previously explored the intersection of blockchain and gaming, as evidenced by patent filings that propose using NFTs to track in-game assets and establish “super-fungible tokens,” which bundle multiple NFT items. Despite this groundwork, Sony has not confirmed any plans to incorporate blockchain elements into PlayStation games through Soneium.

When asked about potential PlayStation integrations, a spokesperson for Sony BLS acknowledged the exciting possibilities blockchain brings to gaming but clarified that no updates are currently available on this front. The lack of immediate plans does not rule out future developments, but for now, blockchain gaming on PlayStation remains speculative.

Soneium currently hosts approximately a dozen games, most of which are still in early development stages. Titles like Derby Race, a horse-racing game integrated with Telegram, and OverTrip, a battle royale shooter featuring meme coins and NFTs, represent the type of projects emerging on the platform. However, none of these games are directly tied to Sony or its PlayStation division. Soneium operates as a permissionless network, open to independent developers similar to blockchain ecosystems like Solana and The Open Network.

Soneium Logo

Over $45 Million in TVL

Since going live, Soneium has continued to gain traction, with its mainnet reaching new milestones. On Sunday, a record 258,000 wallets engaged with the blockchain network, while transaction volumes exceeded 2 million. These figures highlight the platform's growing interest and increasing role within the Ethereum layer 2 ecosystem.

A significant portion of Soneium’s TVL growth has been driven by decentralized exchanges (DEXs), which have quickly established a presence on the network. Among the most notable platforms are Kyo Finance, Sonex, and Velodrome, all of which have seen an increase in user activity and liquidity over recent weeks.

Sony Soneium Blockchain Surpasses $45 Million in TVL

Final Thoughts

Soneium’s rapid adoption and growing TVL reflect its increasing role in the DeFi sector. With strong backing from Sony Block Solutions Labs and expanding participation from decentralized applications, the network is positioned to further integrate into the Ethereum ecosystem. As more users and liquidity migrate to the platform, Soneium’s influence in web3 finance is expected to continue evolving, potentially attracting additional projects and developers in the coming months.

Source: NFTGators