Sonic
S Price
| Fully Diluted Valuation | $1.12B |
|---|---|
| 24H Trading Volume | $154.36M |
| 24H Low / High | $0.34 / $ 0.37 |
| Circulating Supply | 3.22 B |
| Total Supply | 3.22 B |
| Max Supply | 0.00 |
| Categories | Sonic Ecosystem 2 more |
|---|---|
| Founder | Ahn Byung Ik 1 more |
| Website | docs.soniclabs.com Whitepaper |
| Socials | 2 more |
| Chains | Sonic Ecosystem |
| Explorer | Sonicscan |
| 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.
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Sonic S. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Sonic (S) is ($3,222,625,000), max supply of Sonic S is ($0) and the market cap of Sonic S is ($1,122,787,240).
What is the Sonic (S) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Sonic (S) is $0. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Sonic (S) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Sonic S) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Sonic (S) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Sonic (S) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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