We are now part of the official @SonicLabs Ecosystem page!
Bridging from and to $S has never been easier, with low fees, and no KYC ๐ซก
(๐ in comments)
For the first time, the $S chain has overtaken $ETH in our Alpha Mindshare.
15% of the new projects we discovered this week are launching on @SonicLabs.
Is this just short-term hype, or are we witnessing the rise of a major new L1?
SONIC IS NOT DEAD
THE NUMBERS
โข $s surged 113.5% in 14 days hitting $0.707
โข tvl explosion: 344% increase to $742m in 30 days
โข $314.2m in 24h volume
โข shadow exchange dominating with 72% of dex volume generating $1m daily fees
โข 860k active addresses and counting
THE TECH STORY
โข @soniclabs pivoted from $ftm to become a serious l1
โข hitting 369,825 tps with sub-second finality
โข 65+ dapps already integrated including aave, pendle, gammaswap
โข scbtc launched with rings protocol on feb 18
โข usdt bridge went live through sonic gateway on feb 10
โข backpack wallet integration landed yesterday with 13.5% origin sonic apr
THE INCENTIVE GAME
โข 90% of fees flow to developers through feem system
โข mainnet launch on dec 18 immediately hit $1.2b tvl
โข holding strong support at $0.67 with resistance at $0.98
โข massive 190.5m $s token airdrop worth $100-220m coming in june
โข rsi showing heavy buying despite market conditions
WHY IT MATTERS
โข scaling faster than anyone expected
โข developer incentives actually working this time
โข eth competitor narrative gaining traction
โข technical specs crushing most l1s
โข real volume, real adoption, real revenue
@ThingsDegen Hey I wonder if you can help me.
I have provided LP in the HOG-OS-LP Genesis Pool, I have claimed and withdrawn, but I don't know where to sell my LP position.
In a sea of deep red, only a few altcoins are surviving and holding up bullish momentum.
One most noticeable is $S, the newly transitioned token that was once known as $FTM.
So, itโs time to research and supply you with everything you need to know about the move from Fantom to Sonic.๐งต
@ShadowOnSonic has some very unique features, one is their liquid staking token x33 which can be purchased on the shadow dex.
Still very early to farm the @SonicLabs ecosystem and receive the $S airdrop in June.
The new Trenches' main square is @SonicLabs and it's clear to everybody that an $S szn is booming
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What are the best plays at the moment and what should you keep an eye on?
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Quick ๐งต
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๐น Why Sonic
The TVL on the chain is absolutely exploding and the token's pumping non-stop
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We'll get to $1B in TVL in less than 3 months from launch at this pace
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The Airdrop campaign of $S is surely helping push volumes and activity
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Another great point is Cronje being behind it and generally being a synonym of DeFi and utility projects
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$SOL is washed, memes are exhausted, Sonic is fresh again
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๐น The Bluechips
@ShadowOnSonic | $SHADOW is the first name to hit this list and the main DEX of the chain
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Very close to ATH still, but only a $30M MC or so
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Peanuts for a chain that is capitalizing the entirety of Web3
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@HeyAnonai | $ANON is the biggest protocol on the chain by TVL, made by @danielesesta, another synonym with DeFi and one of the first protocols to launch on Sonic
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$90M in MC is not even much considering the $7B+ in MC reached by Sesta in previous cycles
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@eggsonsonic | $EGGS is the next biggest play in the chain so far, incubator of DeFi ideas on the chain, perfect for the overall vibe and narrative
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๐ธ Mid and small-cap plays
@CinosOnSonic | $C is the exception to the DeFi meta
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Of course there's going to be some memes performing well and Cinos has the right cards to be it
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Sonic Backwards and great $C ticker mimicking the $S of Sonic
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@NaviExSonic | $NAVI is another great ticker around $7.5M but among the highest in terms of volume
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The chart is also better for new entries to accumulate on it and is one of the first projects to bring high-lev to the chain
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โช New projects that have yet to launch
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Do you remember FORK?
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I'm sure you remember it even if you didn't see it with your eyes and @HandofGodSonic strongly reminds me of it
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$HOG is also a great ticker to go along with Sonic the Hedgehog and they've already partnered with @SwapXfi
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@VicunaFinance is also another interesting protocol facilitating leveraged Yield Farming and with Lending/Borrowing features
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They claim they have "NO TOKEN YET"
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โซ What else should I DYOR? ๐