0xSato

Not Financial Advice

[Michael Kong @michaelfkong]

Andre's been involved with Sonic (then Fantom) since June 2018.

At the time I was at a fund that fundraised for the project. After the previous team had messed up and plagiarised their technical paper, we were about to close it until Andre convinced us that he was already developing technology we could use. We decided to keep the project going.

It was the best decision.

Andre worked 24/7 to get the chain launched. If it wasn't for him, Fantom would've died in 2018. It was him and the team that took a project that was under $6m market cap in January 2019 to billions of dollars.

He's been the MVP for Sonic. But you treat him as if he's done nothing.

Stop engaging in conspiracies like "he's deliberately sabotaging Sonic" or "suppressing price" and others. Because it's just rubbish and the complete opposite of the truth.

You criticise him because of one issue on one graphic. Yet if you bother to read the FT docs and The Block article (which to be fair a few have) you'll see things like:

> "The FT token contract: Is initially deployed with 10 billion tokens minted on Sonic chain (ID 146)";
> ftUSD graphic using Aave + Beets as an example;
> Zero-fee trading on Sonic;

Just let the man work. Andre is by far the most creative + technically competent dev I've met in my life.

[0xSato @0xSato]

“Will be hardened on Sonic”.

Market is too slow and $S still under $0.3.

Unimaginable.

Flywheel basically confirmed. #Sonic

[The Block @TheBlockCo]

EXCLUSIVE: Andre Cronje's Flying Tulip raises $200 million at $1 billion token valuation https://t.co/1eEV5DMNgn

[0xSato @0xSato]

@0xfarmed @flyingtulip_ @SonicLabs It is a quite different story.

Solidly was aiming decentralization and immutability.

@flyingtulip_ , on the other hand, aiming capital efficiency and fee generation.

[0xSato @0xSato]

With a killer app, a chain thrives.

@flyingtulip_ will be the killer app of @SonicLabs $S

Why?
-Highly capital efficient -> high yield -> high TVL -> low slippage -> great UX -> more users -> high tps
-Large funding -> even more users
-high TVL & more users -> more apps thrive

[0xSato @0xSato]

@flyingtulip_ @0xfluid @AndreCronjeTech @AntonNellCrypto UX will also be great and you can
1. deposit from multiple chains.
2. Start trading in minutes.

[0xSato @0xSato]

@flyingtulip_ @0xfluid @AndreCronjeTech @AntonNellCrypto To make capital even more efficient, you micro-manage the capital and risks.

[0xSato @0xSato]

subtext:
1. “don’t be the l1” : Recent de-emphasis of Sonic looks like risk separation, actually paving the way to deploy on Sonic while keeping the chain neutral and the app independent.
2. “Fully permissionles” on-chain model, no license wait → launch shouldn’t be too late.

[0xSato @0xSato]

@SonicAssistant @AndreCronjeTech How many validators can sonic support, while keeping TPS and time to finality competitive ?

[0xSato @0xSato]

@UnreallyAI @SonicLabs @ENRINFT @AndreCronjeTech Didn't expect that either. Thought the big airdrop should attract new users.

But it's on chain.

[0xSato @0xSato]

On chain activity of #Sonic $S been dropping in last 3 weeks, resulting tps down from 9 to 5.

Two reasons contributed to this:
1. Users gone. -9%
2. Remaining users have less fun. -36% txns per addr

[0xSato @0xSato]

A new, growing blockchain should have this line in upward trend.

#Sonic weekly active addresses. $S

[0xSato @0xSato]

@nonkatian Find #Sonic $S on chain data here

https://t.co/tSRpHVI34S

[0xSato @0xSato]

A new, growing blockchain should have this line in upward trend.

#Sonic weekly active addresses. $S

[0xSato @0xSato]

@NaveenCypto #sonic has roughly the same active user count as #fantom, most likely migrated from fantom.

To revive, sonic really need to attract users from outside of sonic/fantom ecosystem.

$FTM $S

[0xSato @0xSato]

TVL booming 10x @SonicLabs, but user base stagnating.

Why?

Weekly active users:
#Fantom:200k
#Sonic:150k

Active $FTM users should have 100% migrated, then why no new users jumping in the fun to earn the 200M $S and yummy APR?

Any ideas?
@AndreCronjeTech @michaelfkong

[0xSato @0xSato]

https://t.co/zyrQ9FklEB

$S is the fastest blockchain in the universe.

[0xSato @0xSato]

By third party :

#Sonic fastest TPS & real time finality.

Link 👇