Sonic ecosystem update 📚
Sonic crossed $1 billion in TVL within 4 months of launch. Even in a bad market situation, builders keep building, and the momentum keeps growing on
@SonicLabs!
One of the main factors fueling Sonic's momentum is the FeeM mechanism. It lets builders earn 90% of their apps' network fees, creating a sustainable revenue stream without relying on fundraising.
✨ Top projects earning fees:
🥇
@sacra_fi: 1st fully on-chain game on Sonic
🥈
@ShadowOnSonic: Sonic-native concentrated liquidity DEX
🥉
@Equalizer0x: Sonic’s native liquidity marketplace, which uses a vote-escrowed model to drive liquidity to the highest volume pairs.
✨ Sonic in numbers
Sonic Network is rapidly expanding with:
▪️ >100,000 contracts have been deployed
▪️ >50M total transactions with 500,000 - 1M daily transactions.
▪️ TVL: $1B
▪️ Stablecoin MC: $545M (~52% TVL)
✨ Sonic DeFAI Hackathon
The Sonic DeFAI Hackathon just announced the winners, shaping the future of AI on Sonic. Here are the winners to keep an eye on:
1/
#Shōgun: an AI-powered DeFi protocol that passively allocates capital across yield strategies for maximum returns.
2/
@nuvolari_ai: an AI-powered platform for on-chain portfolio management, offering strategy suggestions based on user behavior and risk profile.
3/
@paint_swap: a no-code AI platform for creating, forking, and monetizing Web3 games.
4/ @HyperSonic46406: a multi-agent AI platform for launching tokens, trading, and predicting markets.
5/
@Super_Sonic_org: an AI-powered arbitrage platform that identifies cross-chain trading opportunities.
With the upcoming $200M airdrop of
$S and the fresh wave of innovative projects on Sonic, I believe Sonic ecosystem is gearing up to start the next massive DEFI wave 🌊