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Cryptocurrency profile · S

Sonic

Sonic

$0.02909 USD · 0.02909 USD

Galaxy Digital PortfolioLayer 1 (L1)Smart Contract PlatformSonic Ecosystem
Market cap rank
257
Market cap
108,467,952
Circulating supply
3,885,497,663
Max supply
—

About Sonic

Sonic is a high-performance EVM-compatible Layer 1 blockchain designed for decentralized finance (DeFi) applications. It claims to achieve 400,000 transactions per second (TPS) with sub-second finality. The network introduces a Fee Monetization (FeeM) program that rewards developers with up to 90% of the fees generated by their applications, adapting a Web2 ad-revenue model to a decentralized framework. Additionally, the Sonic Gateway provides a native, secure bridge to Ethereum, featuring a fail-safe mechanism to protect assets.

  • Sonic claims to achieve 400,000 TPS and sub-second finality.
  • The Fee Monetization program rewards developers with up to 90% of the fees their apps generate.
  • Sonic Gateway is a native bridge to Ethereum with a fail-safe mechanism.
  • Sonic is categorized as a Smart Contract Platform and Layer 1 (L1).
  • It is part of the Galaxy Digital Portfolio and Sonic Ecosystem.
Token standard
native

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Mid-market rate 1 S = 0.02909 USD via coingecko · 1m 27s ago Offers updated 1m 1s ago

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