| Fully Diluted Valuation | $1.04B |
|---|---|
| 24H Trading Volume | $145.11M |
| 24H Low / High | $0.31 / $ 0.33 |
| Circulating Supply | 3.22 B |
| Total Supply | 3.22 B |
| Max Supply | ∞ |
| Categories | Sonic Ecosystem 2 more |
|---|---|
| Founder | Ahn Byung Ik 1 more |
| Website | docs.soniclabs.com Whitepaper |
| Socials | 2 more |
| Explorer | Sonicscan 1 more |
| Name | Pair | OG Score |
|---|
Sonic $S is a next-generation layer-1 (L1) blockchain platform designed to overcome existing challenges in blockchain scalability, efficiency, and developer incentives. Offering an unprecedented throughput of 10,000 transactions per second (TPS) with sub-second finality, Sonic $S caters to developers and users alike by fostering a seamless on-chain experience. The platform introduces a secure bridge to Ethereum, known as the Sonic Gateway, enabling robust interoperability while maintaining security.
Coming from the creators of the Fantom Opera network, Sonic $S inherits a proven track record of 99.9% uptime and reimagines blockchain technology to drive real-world adoption and productive consumer-facing applications. Sonic $S provides a solution to the growing imbalance in blockchain ecosystems where centralized sequencer fees overshadow developers' earnings. By addressing this, Sonic $S makes developers a priority with its revolutionary Fee Monetization (FeeM) model.
Key Features
Fee Monetization (FeeM): Developers can earn up to 90% of their applications' transaction fees, incentivizing high-quality app development and creating a sustainable revenue model for builders.
Sonic Gateway: A secure, native bridge enabling ERC-20 token transfers between Ethereum and Sonic $S with safety mechanisms to mitigate bridge-related risks.
Dynamic Fee Functionality: Developers can customize gas costs, facilitating a creator-driven economy.
Sub-Second Finality: True transaction finality achieved within one block, eliminating long wait times and unnecessary challenges associated with rollups.
Innovator Fund: Up to 200,000,000 S tokens allocated to acquire key infrastructure and strategic partnerships for long-term growth.
With these advancements, Sonic $S sets a new industry standard, blending the advantages of L1 and L2 models to provide scalability, decentralization, and speed.
Use Cases
Developer Empowerment: Sonic $S gives developers unparalleled control over transaction fee pricing, with options to subsidize or dynamically adjust fees to improve user experience while maintaining profitability.
Interoperability: The Sonic Gateway enables seamless connectivity to Ethereum's liquidity, creating new opportunities for decentralized finance (DeFi) and broader blockchain adoption.
Consumer-Facing Applications: With 10,000 TPS and sub-second finality, Sonic $S is positioned as a foundation for efficient and secure applications in industries like DeFi, gaming, and AI.
Staking and Governance: Sonic $S employs an innovative staking mechanism to support liquid staking tokens (LSTs) and a governance model that fuels ecosystem growth.
Founders, Backers, and Partners
Sonic $S is built by the same team behind Fantom Opera, a network that achieved $14 billion in total value locked (TVL) at its peak. The transition from Fantom to Sonic $S is supported through a 1:1 token swap, ensuring continuity and trust for its existing community.
To bolster its ecosystem, Sonic $S has partnered with top-tier infrastructure providers and projects, including:
Chainlink
Pyth
Dune
Alchemy
Safe
Redstone
Tenderly
Additionally, Sonic $S is backed by an Innovator Fund and airdrop campaigns to incentivize early adoption and bootstrap network activity.
Conclusion
Sonic $S emerges as a game-changing blockchain platform, redefining the developer incentive model while delivering unmatched scalability, speed, and security. With its Fee Monetization program, Sonic $S empowers developers to create profitable businesses while driving mass adoption of blockchain technology. Combined with strategic partnerships and advanced features like the Sonic Gateway, Sonic $S is well-positioned to disrupt the blockchain landscape and lead the industry into a decentralized future.
Sonic $S offers developers up to 90% of transaction fees, sub-second finality, and a secure Ethereum bridge.
The founders are anonymous.
Sonic $S partners include Chainlink, Pyth, Dune, Alchemy, and Safe, among others.
