Sonic Labs, the organization behind the Sonic layer-1 blockchain, has announced a fundamental strategic pivot from emphasizing transaction speed to building long-term business value and token sustainability. Under new CEO Mitchell Demeter, the company will implement Ethereum and Sonic Improvement Proposals (EIPs and SIPs), token supply reductions through burns, and revamped reward structures aimed at delivering measurable financial outcomes for builders, validators, and S token holders.
about Sonic Labs Pivots to Token Value & SustainabilitySonic Labs
0 in Finance and 0 in Crypto last weekSonic Labs’ AI Tool Spark Fuels 5% Token Surge
Sonic Labs’ launch of Spark, an AI-driven no-code Web3 app builder, has triggered a 5.4% price surge for its Sonic token, alongside a 29% jump in trading volume to $244.6 million. Technical indicators like the MACD turning positive and Fibonacci projections suggest further upside if the token holds above $0.4076. Market excitement is amplified by rumors of a $77.2 million airdrop between July 15-22. Spark enables users to create dApps without coding, generating smart contracts and UIs through natural language input. Sonic Labs is also expanding its ecosystem with educational initiatives, transparency tools like Bubblemaps V2, and incentive programs, positioning itself as a multifaceted player in the Web3 space.
about Sonic Labs' AI Tool Spark Fuels 5% Token SurgeBubblemaps V2 & Sonic Labs Boost Crypto Transparency
Bubblemaps V2 has officially launched on the Sonic Labs network, introducing innovative features like Time Travel and Magic Nodes to analyze token distribution history and uncover hidden wallet connections. Sonic Labs is also making strides in ecosystem growth, partnering with Coinbase for direct token purchases and collaborating with Chainwire to enhance press visibility for developers. These advancements aim to bring greater transparency and accessibility to the crypto market, with Sonic’s S token showing a slight uptick in value. The integration of Bubblemaps’ data visualization with Sonic’s high-speed network could revolutionize how users track crypto transactions and avoid pitfalls.
about Bubblemaps V2 & Sonic Labs Boost Crypto TransparencySonic Labs & CoinEasy Boost Web3 Education in South Korea
Sonic Labs has partnered with CoinEasy to enhance Web3 and DeFi education in South Korea through localized workshops and community engagement. The collaboration focuses on demystifying smart contracts, tokenization, and dApp usage for Korean developers, offering tailored resources in Korean. Additionally, Sonic Labs is expanding its ecosystem globally, securing $10 million from Galaxy and partnering with GSR for liquidity and institutional support. The project also launched a 200M S token airdrop, including US participants, signaling broader outreach. Despite market fluctuations (S token down 1.01% in 24 hours), their South Korea strategy stands out for its human-centric approach.
about Sonic Labs & CoinEasy Boost Web3 Education in South KoreaSonic Labs Launches 200M S Token Airdrop for US Users
Sonic Labs is making waves with its 200M S token airdrop, notably including U.S. residents for the first time. Eligible participants must use non-custodial wallets and engage with Sonic’s DeFi ecosystem, with rewards distributed over 270 days and staking options offering a 4.61% annual return. The project has secured GSR as a market maker and closed a $10M strategic sale with Galaxy to expand its DeFi footprint. Additionally, Sonic Labs won a legal victory in Singapore to liquidate the Multichain Foundation following a 2023 hack, reinforcing user trust. Despite a recent price dip, the airdrop and partnerships signal strong growth ambitions.
about Sonic Labs Launches 200M S Token Airdrop for US UsersSonic Partners with Chainwire for Developer PR Boost
Sonic Labs, the developer behind the high-performance EVM blockchain Sonic, has partnered with Chainwire, a leading crypto PR distribution platform, to provide discounted press release services for its ecosystem projects. This initiative is designed to enhance visibility for Sonic-based applications by leveraging Chainwire’s extensive network of over 100 crypto news outlets. Sonic’s unique Fee Monetization (FeeM) model, which rewards developers with 90% of network fees generated by their apps, combined with this PR boost, positions Sonic as a developer-first blockchain. The partnership reflects a shared vision of supporting Web3 innovation by equipping builders with essential tools for growth and outreach. Chainwire’s guaranteed placements and multilingual distribution further strengthen Sonic’s ecosystem appeal.
about Sonic Partners with Chainwire for Developer PR BoostChainlink Powers Real-World Asset Tokenization Growth
Chainlink (LINK) is playing a pivotal role in the tokenization of real-world assets, as highlighted in a recent report by Taurus. Financial giants like UBS, SBI Digital Markets, and the Monetary Authority of Singapore (MAS) are leveraging Chainlink’s decentralized oracle network to automate fund management, ensuring faster transactions, lower costs, and improved transparency. Chainlink’s technology enables smart contracts to securely process tokenized assets, with applications in cross-chain interoperability and DeFi platforms such as Aave and Lido. Major institutions, including Fidelity International and JPMorgan, are also adopting Chainlink’s solutions, reinforcing its dominance in the oracle network space.
about Chainlink Powers Real-World Asset Tokenization GrowthGSR Boosts Sonic’s DeFi with S Token Liquidity
Sonic Labs has appointed GSR as the official market maker for its native S token, ensuring deep liquidity and market stability. Beyond trading, GSR will actively support DeFi projects on the Sonic network, offering strategic expertise. The partnership follows Sonic’s recent $10M token sale to Galaxy and integration with Trust Wallet, streamlining cross-chain swaps. With S token’s price rising 2.23% and market cap exceeding $120M, Sonic is positioning itself as a key player in DeFi. The collaboration underscores Sonic’s commitment to ecosystem growth, backed by GSR’s trading prowess and Arkham Intelligence’s analytics tools.
about GSR Boosts Sonic’s DeFi with S Token LiquidityTrust Wallet Adds Sonic Network Token Swaps
Trust Wallet now allows users to swap tokens directly on the Sonic network via mobile or browser extension, eliminating the need for third-party bridges or dApps. The integration supports cross-chain swaps between networks like Ethereum and Arbitrum, offering speed and low gas fees. Sonic Labs, transitioning from Fantom Opera to a high-speed Layer-1, boasts 10,000 TPS and near-zero fees. Meanwhile, Sonic faces legal hurdles, including the shutdown of Multichain Foundation post-$210M breach and the search for a new market maker after parting ways with Wintermute. Additionally, co-founder Andre Cronje introduced a new algorithmic stablecoin project, promising up to 23% annual returns but emphasizing caution post-TerraUSD collapse. The S token is currently trading at $0.4985, showing modest gains.
about Trust Wallet Adds Sonic Network Token SwapsKPMG to Liquidate Multichain After Court Ruling
The Singapore High Court has ruled in favor of Sonic Labs, formerly the Fantom Foundation, to declare the Multichain Foundation bankrupt and appoint KPMG as liquidators. The decision comes after Sonic Labs accused Multichain’s former employees of being uncooperative and hiding from victims following a 2023 hack. Multichain, a cross-chain router protocol, suffered a major security breach last year, leading to significant financial losses. The court’s judgment on May 9 marks a critical step in recovering stolen funds, with KPMG now overseeing the winding-up process. Sonic Labs CEO Michael Kong emphasized the necessity of legal action due to Multichain’s lack of cooperation.
about KPMG to Liquidate Multichain After Court RulingSonic Labs Secures $10M from Galaxy for US DeFi Expansion
Sonic Labs announced a $10 million strategic sale of its S token to Galaxy, a global leader in digital assets, during the Sonic Summit in Vienna. This investment strengthens Sonic Labs’ position in the U.S. market and supports its DeFi ecosystem development. The partnership leverages Galaxy’s extensive institutional network to bridge traditional finance with blockchain infrastructure. Sonic Labs, known for its high-performance EVM compatibility, aims to meet enterprise-level demands as institutional interest in blockchain grows. Galaxy, headquartered in New York, provides trading, advisory, and data center solutions for AI and digital assets. The deal signals increasing institutional confidence in blockchain’s potential to transform financial markets securely.
about Sonic Labs Secures $10M from Galaxy for US DeFi ExpansionSonic Labs Secures $10M from Galaxy for US DeFi Expansion
Sonic Labs announced a $10 million strategic sale of its S token to Galaxy during the Sonic Summit in Vienna, marking a pivotal step in its U.S. expansion. The partnership leverages Galaxy’s institutional network to bridge traditional finance with Sonic’s high-performance EVM-compatible blockchain. This collaboration highlights growing institutional confidence in DeFi, with Sonic Labs positioning itself as a key player in enterprise-grade blockchain solutions. Galaxy’s investment underscores the increasing convergence of digital assets and institutional finance, further solidifying Sonic’s role in the evolving DeFi landscape.
about Sonic Labs Secures $10M from Galaxy for US DeFi Expansion