S Sonic Rank #282 $0.0240 ▼ 2.71%

Sonic is an EVM-compatible Layer 1 blockchain designed to support decentralized finance applications through high throughput and fast transaction settlement. The network advertises a capacity of 400,000 transactions per second with sub-second finality, positioning it as a performance-oriented smart contract platform. A distinguishing element of the ecosystem is its Fee Monetization (FeeM) program, which distributes up to 90% of the gas fees generated by their applications back to the developers who build on Sonic. This model adapts the Web2 advertising-revenue concept to a decentralized context, allowing developers to earn from user activity on their protocols rather than relying solely on token emissions or external grants. For cross-chain connectivity, Sonic includes the Sonic Gateway, a native bridge linking the network to Ethereum in order to provide access to broader liquidity. The bridge incorporates a fail-safe mechanism intended to protect user assets during exceptional circumstances. The native token, S, is associated with the Sonic ecosystem and has been included in portfolios such as Galaxy Digital's holdings.