➥ The Current State of the Sonic Ecosystem
CEO Mitchell Demeter and Head of Business Evan Owens have both stepped down hit @SonicLabs hard imo.
I’ve been watching @SonicLabs rebuilding after all the recent changes while CT already moved on.
Then again, I believe Sonic might be setting up something asymmetric in 2026.
1/ Sonic Labs rebuilt the stack.
– Sub-second finality.
– 2,000+ TPS.
– Fees around $0.001-0.01.
– Native secure gateway to Ethereum.
Infrastructure-wise, Sonic is not weak. All they have to do is to build a strong narrative that aligns with the current market situation.
2/ The real pivot is vertical integration
Most L1s rely only on gas fees, Sonic openly moved away from that.
They are launching FeeM (devs keep 90%, rest burned), planning acquisitions of core apps.
Most importantly, they’re redirecting ecosystem revenue back to $S.
If they actually own trading, lending, payments rails then I do think $S token becomes economic capture token.
3/ Numbers look boring but it’s all solid
– TVL ~ $450M including staked $S.
– Pure DeFi TVL closer to ~$40M.
– DAU around 8k-11k.
– DEX volume mostly $1-2M/day.
– $S at ~$0.04, ~$150M mcap.
This is accumulation phase, derivatives show heavy shorts + Funding negative + RSI oversold.
4/ Ecosystem is small and concentrated
As I witness right now, Sonic DeFi is dominated by:
– @SiloFinance (~50% of DeFi TVL).
– @beets_fi liquidity infra.
– Some @pendle_fi, @eulerfinance, @ShadowOnSonic yield apps.
Of course, I know it’s not diverse yet but it works still.
5/ The valuation gap
$150M mcap for a high-performance EVM L1 with active dev base, existing DeFi stack, working bridge and also a new value accrual model.
Compare that to many narrative L1s trading 5-10x higher with less fundamentals.
I am saying if vertical integration succeeds, $S token economics could structurally change.
And market is not pricing that yet.
Yes, I’m not blindly bullish here because Alts already in a bad situation.
Sonic still needs more developers, native apps and real revenue proof.
But I prefer chains that redesign token model over chains that farm points forever.
Sometimes the rebuild phase is where asymmetry lives.
@SonicLabs feels like it’s in that phase right now.
In following updates, we will expand on leadership, the Sonic development fund, institutional expansion, tokenomics, governance, integrated revenue verticals, and more.
Flying Tulip is an application layer that transforms any blockchain into a fully featured exchange while leveraging the chains full liquidity.
The initial product launch is on Ethereum, Sonic, Binance Smart Chain, Avalanche, and Base. Future expansions planned for MegaETH, Monad, and Hyperliquid.
The sale, not the product, is currently live on Ethereum.
Can review existing deployments here; https://t.co/UBddCMszla
Below screenshot from Flying Tulip discord.
$S (sonic, former $FTM) near the target! This is pretty clear ABC correction after explosive 5 wave impulse. It has just taken many years and I think we're near the end of this C-leg. I can see $S reaching up to $5-6 in the next impulse.
Not financial advice! #FTM#SONIC #CRYPTO
It’s not a coincidence.
@SonicLabs drops a governance proposal to expand institutional access, and suddenly we see $S getting exposure through $SPTZ and $DBKSF in U.S. markets?
This is the beginning of mass adoption.
Sonic is playing a bigger game now. 🧠
Sonic is here! ⚡
We’ve launched a $100,000 in $S giveaway with 10,000 chances to win to celebrate the integration of Sonic in Trust Wallet!
🔹 Like & RT
🔹 Follow @TrustWallet & @SonicLabs
👇 Complete the quest and verify your $S balance
https://t.co/JtmvbuMjHH
Sonic $S sitting at $0.4644, holding strong!
Chart shows a descending triangle, but $0.4890 breakout could be imminent—signaling a massive rally.
Volume building, RSI nearing oversold, we could take off at any moment!