Sonic Price & Chart
$632,236,984
$3,407,892.368
3,784,775,845
Technical Indicators
Fundamentals
Fundamentals of Sonic
- Name
- Sonic
- Symbol
- S
- Categories
- Smart Contract Platform, Layer 1 (L1), Galaxy Digital Portfolio, Sonic Ecosystem
- Genesis
- โ
Sonic is an high-performance EVM-compatible Layer 1 blockchain engineered for speed and scalability, achieving 400,000 TPS and sub-second finality. It's designed to power the next generation of DeFi applications with robust infrastructure. This platform aims to attract DApp development by combining an efficient execution environment with innovative revenue-sharing models for creators, positioning itself as a developer-centric L1 solution.
Sonic distinguishes itself through its groundbreaking Fee Monetization (FeeM) program, allowing developers to earn up to 90% of the transaction fees generated by their applications. This unique Web2-inspired ad-revenue model directly incentivizes DApp growth and user engagement. Additionally, its native Sonic Gateway offers a secure, fail-safe bridge to Ethereum, ensuring vast liquidity access for its ecosystem.
While specific details on total supply or inflation are not provided, the native token likely underpins transaction fees, network security through staking, and governance within the Sonic ecosystem. The Fee Monetization program utilizes these fees, redirecting a significant portion to developers to foster application growth.