S (Sonic) has increased by 20.82% in the past 24 hours, with a market capitalization of approximately $141 million.
Gate News Bot Report, February 12 — According to CoinMarketCap data, at press time, S (Sonic) is trading at $0.05, up 20.82% in the past 24 hours, reaching a high of $0.05 and a low of $0.04. The 24-hour trading volume is $51.4 million. The current market cap is approximately $141 million, an increase of $24.3 million from yesterday.
Sonic is the most powerful performance EVM Layer 1 blockchain, integrating speed, incentive mechanisms, and world-class infrastructure. The network features true sub-second confirmation times, transaction speeds exceeding 400,000 transactions per second, and an average transaction cost of only $0.001.
The Sonic ecosystem includes core technological components such as SonicVM, SonicDB, and Sonic Gateway. SonicVM offers lightning-fast execution speeds and 100% EVM compatibility; SonicDB features low latency and low storage costs; Sonic Gateway serves as a native cross-chain bridge, audited by top institutions including OpenZeppelin, Certora, and Quantstamp.
The platform implements a fee tokenization mechanism, allowing developers to receive 90% of the fees generated by their applications. It has already integrated several leading DeFi protocols and ecosystem applications, including Silo, Equalizer Exchange, Beethoven X, and Curve.
Important Recent News about Sonic:
1️⃣ Advancement of Ecosystem Vertical Integration Strategy and Accelerated Core Application Deployment
Sonic Labs is pushing forward with a vertical integration strategy for core applications, aiming to strengthen ecosystem value through strategic acquisitions and application integration. This move helps improve the application layer foundation of the Sonic ecosystem, enhances overall platform competitiveness and user stickiness, and supports the long-term value of the S token.
2️⃣ Expansion of DeFi Ecosystem and Continuous Integration of Mainstream Protocols
The platform has successfully integrated several leading DeFi protocols, including Silo, Equalizer Exchange, Beethoven X, and Curve, demonstrating Sonic’s appeal as a high-performance blockchain for mainstream applications. A rich DeFi ecosystem matrix helps increase network usage and trading activity, further driving token value appreciation.
3️⃣ Enhanced Security Audits and Safety Measures
The Sonic Gateway cross-chain bridge has received certification from top security audit firms such as OpenZeppelin, Certora, and Quantstamp, establishing a strong trust foundation for users and developers. Comprehensive security audits help reduce perceived investment risks and attract more ecosystem participants to join the network.
This message is not investment advice. Please be aware of market volatility risks when investing.
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