Sonic
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Sonic price
in USD$0.2482
+$0.0073 (+3.03%)
USD
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Market cap
$936.35M #62
Circulating supply
3.78B / 3.89B
All-time high
$0.991
24h volume
$99.54M
About Sonic
Sonic’s price performance
Past year
--
--
3 months
-17.93%
$0.30
30 days
-21.78%
$0.32
7 days
+1.26%
$0.25
Sonic in the news
SegaSwap, a decentralized automated market maker operating on Solana and Sonic SVM, has completed a...
The funding will be used to support SonicStrategy's treasury, validator operations, and blockchain investments, and can convert to common stock at $4.50 per share.
Sonic Labs pitched the proposal as a necessary break from its “2018 tokenomics,” which involved Fantom giving away most of its supply to the community.
Sonic on socials
🔥No wonder "The Godfather" has $200M
"The Godfather" DeFi - @AndreCronjeTech is currently the CTO of L1 @SonicLabs but is also the Founder of @flyingtulip_.
He has just successfully raised 200 million dollars from VCs for 20% of the total token supply, with a valuation of 1 billion dollars for @flyingtulip_.
In the near future, he will sell the remaining 80% of the total token supply $FT to the community at a similar valuation - 2 billion dollars.
Details:
- This project has a very special model of building AMM, Perp DEX, and Lending all on a single liquidity pool.
- 100% of tokens for investors.
- The goal is to raise 1 billion dollars.
The 1 billion dollars raised will be brought to DeFi to earn profits, and these profits will be used to "buy back" the token $FT.
A portion of the buyback tokens will be rewards for the team.
Note: This 1 billion dollars will be under joint management; besides earning profits, it will be used to buy back the $FT tokens from initial investors at a valuation of 1 billion dollars.
> Perhaps because the raised funds are solely for profit-making purposes and investors can reclaim them at any time, there is no worry about the team "eating" and being left in the lurch, which is why they are willing to spend money.
> And the project also needs a lot of money (1 billion dollars) like that to earn significant profits for the buyback of tokens.
> If successfully raising 800 million dollars from the community, then @flyingtulip_ would only be second to @pumpdotfun in fundraising.
The next big explosion is named @flyingtulip_
@brevis_zk
@FogoChain
@base
@AlloraNetwork
@EdgenTech
Huy Sự Thật
🔥The Godfather @AndreCronjeTech is raising funds for the super DeFi project, named @flyingtulip_
The Godfather @AndreCronjeTech is a well-known figure in the crypto market:
- Co-founder & CTO of @SonicLabs (formerly @FantomFDN).
- Creator of @yearnfi: A project that helps earn yield in DeFi, which once reached a TVL of $7 billion, fdv of $3 billion.
- Creator of @thekeep3r: A platform for projects to hire developers to code products, which once reached an fdv of over $800 million.
- Co-developer of @SolidlyLabs: An AMM dex combining the models of @Uniswap and @CurveFinance, with the famous ve(3,3) model. It once surpassed a TVL of $160 million, fdv of $650 million.
Currently, he is only active at @SonicLabs. Although those were great ideas, they have become out of meta.
Forget about these projects, because now @AndreCronjeTech is raising funds for the super DeFi project @flyingtulip_.
Details:
- @flyingtulip_: A hybrid exchange, Pool AMM combined with Lending, Perp,... to create the best liquidity - the best profits for liquidity providers.
- The token code is $FT, with a fixed supply.
- The project will sell 50% to investment funds (he is looking for funds in the US).
With @AndreCronjeTech's stature, raising funds will be very easy; he is likely to raise tens of millions of dollars for @flyingtulip_.
But with 50% of the total supply for VCs, the project's valuation will be quite low.
With @AndreCronjeTech's experienced mind, @flyingtulip_ is likely to be a significant product with potential.
This product addresses the liquidity shortage in the DeFi market, as products all share a common liquidity source, thus concentrating liquidity more.
In DeFi, having liquidity or being able to concentrate liquidity is almost like holding the game.
This model has many risks but also brings a high level of efficiency.
This idea is good, and @flyingtulip_ under @AndreCronjeTech's guidance will surely make an impact. But whether it will last long-term, I'm not sure.
At least it can be played in this season.
Guides
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Sonic on OKX Learn
Tokenomics of Sonic: Unlocking High-Performance Blockchain and Cross-Chain DeFi
Introduction to Sonic and Its Tokenomics Sonic is a next-generation Layer-1 blockchain designed to deliver unparalleled performance and scalability. With Ethereum Virtual Machine (EVM) compatibility,
Sonic Labs Network: Unlocking Speed, Scalability, and Interoperability in Blockchain
Introduction to Sonic Labs Network Sonic Labs Network is a groundbreaking Layer-1 blockchain that redefines speed, scalability, and interoperability. Evolving from its predecessor, Fantom Opera, Sonic
Sonic Testnet and Mainnet: Unlocking High-Speed Blockchain Innovation
Introduction to Sonic Labs: A New Era in Blockchain Technology Sonic Labs is a next-generation Layer-1 blockchain project that has evolved from the Fantom network. Designed to deliver ultra-fast trans
Sonic’s Evolution: How Rebranding and Advanced Technology Are Shaping the Future of Blockchain
Sonic Price Prediction: A Comprehensive Analysis of Its Future Potential Introduction Sonic (S), formerly known as Fantom (FTM), has undergone a transformative rebranding that positions it as a frontr
Easily buy and sell Sonic with your BRL
Sonic FAQ
Currently, one Sonic is worth $0.2482. For answers and insight into Sonic's price action, you're in the right place. Explore the latest Sonic charts and trade responsibly with OKX.
Cryptocurrencies, such as Sonic, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Sonic have been created as well.
Check out our Sonic price prediction page to forecast future prices and determine your price targets.
Dive deeper into Sonic
Sonic is an EVM L1 chain with powerful incentives and infrastructure for DeFi.
Disclaimer
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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$936.35M #62
Circulating supply
3.78B / 3.89B
All-time high
$0.991
24h volume
$99.54M