Launched on mainnet in 2022, deBridge has been used by over 385,000 users, surpassing $2.35 billion in transaction volume without any security incidents or network downtime. Its goal is to unify cross-chain liquidity and empower DeFi applications with seamless interoperability.

Team Information

deBridge was founded in 2021.

Founders:

• Alex Smirnov – CEO & Co-Founder: Expert in DeFi infrastructure and cross-chain systems.

• Artem Podgorodnyy – CTO & Co-Founder: Specialist in security, software architecture, and node infrastructure.

• Andrei Semenov – COO & Co-Founder: Responsible for business development, community, and strategic partnerships.

The team consists of experienced developers active across various blockchain networks. The protocol’s security has been audited by Halborn, Ackee, Zokyo, and other independent firms.

Investors and Key Partners

From its early stages, deBridge has collaborated with numerous strategic partners.

Partners include:

• Jupiter

• Solflare

• Birdeye

• Zeta Markets

Verified Investors:

• ParaFi Capital

• Animoca Brands

• Lemniscap

• MGNR

Additionally, several DeFi funds, angel investors, and network validators support the project.

Project Vision

deBridge aims to make asset and data transfers across blockchains secure, modular, and capital-efficient. It was developed to eliminate security flaws, liquidity fragmentation, and TVL lock requirements that exist in conventional bridge protocols.

Project slogan: “Build once — interoperate everywhere.”

This allows developers to build multi-chain DeFi applications using a single unified infrastructure.

How It Works

deBridge operates on an independent validator network that verifies cross-chain transactions. Each validator signs operations through smart contracts deployed on supported blockchains to ensure secure execution.

Core Components:

• DLN (deBridge Liquidity Network):
  Enables single-transaction swaps and transfers without liquidity lockups.
  Uses a “just-in-time” liquidity model powered by market makers.

• dePort:
  Employs a lock-and-mint system to create 1:1 collateralized cross-chain token representations (deAssets).
  Ensures tokens maintain consistent value across all chains.

• deBridge Messaging:
  Enables smart contracts to communicate across chains — triggering functions, minting NFTs, or executing custom logic.

• Hooks Framework:
  Allows automation of strategies such as auto-trading, vault rebalancing, and custom on-chain flows directly on the bridge.

These four modules can operate independently or in combination to power all cross-chain infrastructures.

Governance

deBridge governance is community-driven through DAO mechanisms involving DBR token holders.

• The community votes on validator selection, new chain integrations, fund allocation, and protocol parameters.

• Validators stake DBR tokens as security collateral.

• A slashing mechanism penalizes misconduct or system breaches.

• Governance will gradually transition to full DAO control over time.

Roadmap

• 2021: Testnet launch and early development.

• 2022: Mainnet launch.

• 2023: Release of DLN and dePort components.

• 2024–2025:

  • DBR token launch

  • DAO governance activation

  • Delegated staking and validator module

  • Expansion of Interoperability-as-a-Service (IaaS) model

Token Utility

The DBR token serves as deBridge’s governance and security token.

Use Cases:

• DAO governance participation

• Validator staking and security collateral

• Ecosystem fund management

• Chain integration voting

• Incentives and rewards

What Is DBR?

The DBR token is the native governance and utility asset of the deBridge ecosystem. Holders shape the protocol’s future through voting on validator selection, fee structures, and governance parameters.

Beyond governance, DBR also plays a role in network security — token holders can stake DBR to support validators and earn rewards from protocol fees. This aligns community incentives with the protocol’s long-term sustainability.

DBR combines governance, staking, and transaction capabilities to form the cornerstone of deBridge’s cross-chain ecosystem.

Token Details

• Token Name: deBridge

• Symbol: DBR

• Total Supply: 10,000,000,000 DBR

• Token Type: Governance & Utility

• Network: Ethereum (multi-chain support)

• Max Supply: 10,000,000,000 DBR

• Circulating Supply: 1,800,000,000 DBR

Token Distribution

• Ecosystem: 26% (2.6B DBR)

• Community & Launch: 20% (2B DBR)

• Core Contributors: 20% (2B DBR)

• Strategic Partners: 17% (1.7B DBR)

• deBridge Foundation: 15% (1.5B DBR)

• Validators: 2% (200M DBR)

Ecosystem

deBridge supports EVM-compatible chains, Solana, Cosmos SDK-based networks, and emerging Layer-2 solutions.
This broad compatibility enables both developers and users to interact seamlessly across chains.

Use Cases:

• DEXs: Cross-chain swaps and liquidity management in a single transaction.

• DeFi Lending: Deposit collateral on one chain and borrow on another.

• Staking: Cross-chain staking and yield opportunities.

• Gaming: Transfer NFTs and in-game assets across blockchains.

• Governance: Participate in cross-chain DAO voting.

• Prediction Markets: Place bets and participate in markets seamlessly across chains.

Key Features

• Modular architecture: Components can be used individually or combined.

• Capital efficiency: DLN enables liquidity access without TVL lockups.

• Canonical asset system: 1:1 collateralized deAssets across chains.

• Developer-friendly: TypeScript SDKs, REST/gRPC APIs, GraphQL, and React widgets.

• Security: Audited by Halborn, Ackee, and Zokyo.

• Multi-chain compatibility: Works with EVM, Solana, Cosmos SDK, Layer-2, and emerging blockchains.

Official Links

• Website
• Twitter
• Telegram

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post What Is deBridge (DBR)? appeared first on Coin Engineer.

The rebranding on August 1, 2024, wasn’t just a name change; it represented a strategic shift in vision. With this new identity, Sonic aims to offer greater scalability, faster transaction finality, lower fees, and a more developer-friendly Web3 environment. The network’s native token FTM became convertible 1:1 into the new S token, with the migration window remaining open for six months.

Core Pillars of Sonic: Speed, Security, and Interoperability

With its upgraded infrastructure, Sonic can theoretically process up to 10,000 transactions per second (TPS), with sub-second finality. This places Sonic among the fastest blockchains in the market.

At the heart of the network lies the Lachesis consensus protocol, built on asynchronous Byzantine Fault Tolerance (aBFT). Unlike traditional blockchains, Lachesis processes transactions by linking events rather than fixed blocks, allowing faster confirmation, reduced data usage, and ultra-low fees—typically as low as $0.001 per transaction.

Sonic is also fully compatible with the Ethereum Virtual Machine (EVM), allowing developers to migrate Ethereum-based smart contracts without modifications. The Sonic Gateway bridge facilitates secure and low-latency cross-chain transactions between Sonic and Ethereum.

A Powerful Developer Incentive Model

Sonic Labs introduces an innovative revenue-sharing model to support on-chain developers. Through the Fee Monetisation (FeeM) program, developers can earn up to 90% of transaction fees generated by their decentralized applications (dApps).

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

This model resembles how content creators earn income through platforms like YouTube or TikTok, making Sonic not only technically compelling but also financially rewarding for builders.

S Tokenomics and Network Design

The S token is the native utility token of the Sonic network. It powers the ecosystem by enabling fee payments, staking, governance participation, and validator rewards. It also replaces the former Fantom (FTM) token, with a seamless 1:1 conversion process designed to onboard the existing community.

Key Metrics

• Total Supply: 3.175 billion S
• Initial Circulating Supply: ~2.88 billion S
• Maximum Supply: None (regulated through controlled inflation and burn mechanisms)

Airdrop Program

Six months post-mainnet launch, an additional 6% of S tokens (~190.5 million) will be minted and distributed to both Fantom Opera and Sonic users and builders.

• 75% of airdropped tokens are locked in a 270-day vesting period.
• Early claims are penalized via token burns to incentivize long-term commitment and active participation.

Inflation & Block Rewards

To maintain decentralization and incentivize validators, Sonic follows a balanced issuance model:

• For the first 4 years, no new S tokens will be minted. Rewards will be funded using unclaimed Fantom Opera block incentives.
• After year 4, new S tokens will be minted annually at a controlled rate of 1.75%.
• Each year, 47.625 million S tokens will be allocated for network growth, team expansion, and marketing—any unused tokens will be permanently burned.

The structure has been preserved post-transition, with greater flexibility introduced through staking incentives, dynamic burning, and airdrop-based community growth.

Funding and Investors

To date, Sonic has raised a total of $101.54 million. 59% came from private rounds, and 41% through public sales.

Notable Investors:

• Galaxy Digital
• OKX Ventures
• SoftBank
• Hashed Fund
• Signum Capital
• Andre Cronje (Creator of Yearn Finance, Advisor)
• Stani Kulechov (Founder of AAVE)

Sonic Team

• Michael Kong – CEO
• Andre Cronje – CTO, DeFi Architect & Advisor
• Ahn Byung Ik – Founder
• David Richardson – Co-founder
• Bernhard Scholz – CRO

Staking & Validator Incentives

S token holders can stake their tokens to support network security and earn rewards. Depending on the total staked supply, annual reward rates range from 1.75% to 7%. A 14-day unbonding period applies for unstaking.

Validators also earn a share of network fees in addition to block rewards, further incentivizing honest and secure participation in network operations.

The Future of Sonic

Sonic is on a mission to build a sustainable, high-speed digital economy for the Web3 era. With comprehensive developer tools, built-in interoperability, and negligible transaction costs, Sonic positions itself not just as a blockchain—but as a full-fledged decentralized ecosystem.

Already integrated into sectors like NFTs, DeFi, gaming, and enterprise services, Sonic aims to expand globally through strategic partnerships, ecosystem funding, and community-driven development.

Official Links

• Official Website
• Whitepaper
• X (Twitter)
• Telegram

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What is Sonic (S)? appeared first on Coin Engineer.

ZRO Listing Details

Listing Date: June 20, 2024, at 12:00 PM UTC

Trading Pairs: ZRO/BTC, ZRO/USDT, ZRO/BUSD, and ZRO/TRY

Deposit: Enabled now

Withdrawal: Opens June 21, 2024, at 12:00 PM UTC

Listing Fee: 0 BNB

Supported Chains: Ethereum, BNB Chain, Optimism, Arbitrum, Base, Matic, Avalanche

Listing Tag: Seed

What is LayerZero (ZRO)?

While the official announcement doesn’t provide details about LayerZero itself, the listing on multiple chains suggests it might be a cross-chain interoperability project. Users can likely find more information about the project and its goals on the LayerZero website or social media channels.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Binance Announces LayerZero (ZRO) Listing with Multiple Trading Pairs! appeared first on Coin Engineer.