Sonic
S2024
$0.05325
-6.02%
24h Volume
$2.40M
24h High
$0.05798
24h Low
$0.05288
24h Change
-6.02%
About
Sonic is a high-performance EVM Layer 1 blockchain (formerly Fantom) delivering 400,000 TPS with sub-second finality. Its Fee Monetization (FeeM) program rewards developers with up to 90% of their app-generated fees, and the Sonic Gateway provides a native secure bridge to Ethereum.
Use Cases
S is the native token used for gas fees, staking, and governance on the Sonic L1 network.
Technology
EVM Layer 1 with sub-second finality, Fee Monetization and Sonic Gateway to Ethereum
Categories
Layer 1Layer 1Smart ContractDeFiInfrastructure
Source
Market Sentiment
Sentiment score
6/10
View
Bullish
Key developments
On 15 Oct Sonic permanently burned 5.9M unclaimed S tokens and announced independent supply audit.
Report date: 2026-10-19
This is an analysis output, not investment advice.
+ Strengths
- +Delivers 400,000 TPS, one of the highest throughput rates among EVM L1s
- +FeeM program incentivizes ecosystem growth by sharing up to 90% of app fees with developers
- +Sonic Gateway provides a secure and reliable bridge to Ethereum
- +Inherits a strong DeFi ecosystem and developer community from its Fantom heritage
- +Listed on major exchanges including Binance and Coinbase
- Weaknesses
- -Significant price decline of 95%+ from all-time high
- -Infinite max supply creates potential inflationary pressure concerns
- -Faces intense competition from Ethereum, Solana, and rival L2s in the EVM L1 space
- -The Fantom-to-Sonic rebrand caused some user confusion
Team
Sonic Labs
Launch
2024
Total Supply
3,885,497,663
Circulating Supply
3,784,775,845
Max Supply
TBD
