Sonic $S
Sonic, an evolution of the Fantom network, is an Ethereum Virtual Machine (EVM)-compatible Layer-1 blockchain designed for high-performance decentralized applications (dApps). Built by Sonic Labs, it operates on a Directed Acyclic Graph (DAG)-based Asynchronous Byzantine Fault Tolerance (ABFT) consensus mechanism, achieving approximately 10,000 transactions per second (TPS). It features a secure Sonic Gateway bridge to Ethereum, and offers developers tools like Fee Monetization, which redistributes up to 90% of app-generated fees.
Token PreviewSonic TL;DR
TL;DR
- The S token facilitates value transfer through being paid for gas and redistributes up to 90% of app-generated fees (FeeM TXs) to developers and users. Holders can begin to participate in the network by exchanging their FTM for S, using the bridge.
- Staking S enables validators to perform consensus; aiding in the security and general function of the network.
- Token holders are able to qualify for an upcoming airdrop through a dynamic points system; accruing points via passive holding to actively deploying whitelisted assets. Additional token utility includes some form of governance power outlined here.
Sonic $S
Market Cap1,841,785,074
24h Volume265,312,092
Fully Diluted Valuation1,841,785,074
Total Supply3,175,000,000
Max SupplyN/A
Circulating Supply3,175,000,000
24h High0.6
24h Low0.5
All-Time High$0.99 (21.02.2025)
All-Time Low$0.34 (03.02.2025)