Binance: The Powerhouse of Global Crypto Adoption

As the world’s largest cryptocurrency exchange by trading volume, Binance continues to be the entry point into the crypto world for millions. Its expansive ecosystem covers everything from spot and futures trading to staking and decentralized applications via the BNB Chain. Binance’s commitment to user experience and security has been instrumental in accelerating blockchain adoption worldwide.

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droppGroup: Infrastructure for Enterprise-Level Web3

droppGroup provides advanced infrastructure solutions that integrate blockchain with AI and real-world assets (RWAs), all within a quantum-resistant framework. Supporting clients like the Kingdom of Saudi Arabia, Cisco, and NVIDIA, droppGroup empowers national governments and Fortune 500 companies to scale decentralized economies securely and efficiently.

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Sui: Solving Scalability with Parallel Execution

Developed by former Meta engineers at Mysten Labs, Sui introduces a high-speed Layer-1 blockchain built for scalability. Its innovative parallel execution model allows simultaneous transaction processing—ideal for use cases like gaming, DeFi, and tokenized RWAs. Sui offers developers a high-performance platform without compromising security.

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CredibilityX Media: The Reputation Engine of Web3

CredibilityX Media has quickly become a go-to PR firm for Web3 founders aiming to boost their public presence. With over 1,100 top-tier media placements and partnerships with 100+ agencies, the firm focuses on impactful storytelling, reputation management, and strategic visibility.

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Sonic Labs: Speed and Security for Decentralized Infrastructure

Sonic Labs focuses on building performant and secure blockchain infrastructure—offering APIs, DeFi tools, and cross-chain enterprise services. From consumer apps to institutional-grade platforms, Sonic Labs plays a key role in enabling fast and scalable growth for the Web3 sector.

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The Moon Show: Bridging Crypto Knowledge with Mass Appeal

The Moon Show, founded by Carl “The Moon” Runefelt and co-hosted with Crypto Kid, is redefining how blockchain is communicated to the masses. Through interviews, trend analysis, and market breakdowns, the platform educates while connecting experienced investors and new entrants alike.

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London Real: A Global Stage for Blockchain Leadership

Hosted by Brian Rose, London Real offers deep-dive interviews with pioneers in DeFi, crypto, and Web3. The show highlights legitimate and impactful voices, helping educate a global audience on the evolution of a decentralized economy.

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BENO: Luxury for Blockchain Leaders in Dubai

Founded by Aiham Bader, BENO curates luxury experiences—yachts, supercars, jets—for the Web3 elite in Dubai. With government affiliations and a transparent operating model, BENO serves as the lifestyle hub for creators and executives seeking business-class experiences globally.

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RECRD: Redefining Ownership and Monetization in Digital Media

RECRD is revolutionizing content creation through a blockchain-based video platform offering real-time monetization, verified views, and viral features like REBOUND. With over 7 million users and 1.3 million active wallets, it’s one of Web3’s fastest-growing platforms. Upcoming launch of MemeDexx will further blend entertainment with tokenized commerce.

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Data Guardians Network (D-GN): Earn by Powering AI

D-GN turns mobile phones into data annotation tools, allowing users to earn USDT by tagging datasets. Designed to include everyone—from students to rural farmers—D-GN helps build decentralized AI datasets without handing control to Big Tech. Already in live pilots, this platform aims to bridge billions of people to the digital economy.

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Web3 is no longer a speculative trend but the foundation for how we work, transact, and interact. These ten projects demonstrate the practical potential of decentralized solutions. With scalable infrastructure, secure platforms, and user-first visions, they’re setting standards for what the future of blockchain truly looks like.

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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

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This move not only reflects Sonic Labs’ effort to recover its losses but also highlights the growing regulatory pressure and need for accountability within decentralized finance (DeFi) projects.

Why Was Multichain Liquidated?

Once a leading player in cross-chain bridge technology, Multichain began to unravel after a large-scale cyberattack in July 2023, which led to the theft of over $210 million in crypto assets. In the aftermath, it was revealed that Multichain’s CEO had been detained in China and held exclusive control over critical system functions.

This created a situation where the platform became operationally paralyzed, leaving users unable to access their funds. When no internal solution appeared possible, Sonic Labs turned to legal action and requested the court to initiate liquidation. The court’s approval is seen as a significant development in terms of transparency and responsibility in the crypto space.

What Does the Liquidation Process Mean for the Crypto Industry?

Liquidating the Multichain Foundation means that its assets will be sold under legal supervision to reimburse affected parties—especially major victims like Sonic Labs. While this doesn’t guarantee the full recovery of losses, it represents a rare legal route in the crypto world.

This decision could set a legal precedent. By seeking justice through formal procedures, Sonic Labs shows that crypto projects can no longer operate without oversight or consequences.

Can Sonic Labs Recover All Its Losses?

The biggest question is how much of the $210 million loss Sonic Labs will be able to recover. Although the liquidation decision is a positive step, identifying, evaluating, and fairly distributing the remaining assets is a complex and lengthy process. There is also a strong possibility that a large portion of the stolen funds has been moved across different networks or laundered.

Nevertheless, this move is crucial for rebuilding trust—both for Sonic Labs and the broader crypto ecosystem. It signals that so-called decentralized projects can still be held legally accountable, and their internal structures are not beyond regulatory reach.

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Sonic Labs Rejects Algorithmic USD Stablecoin Plans: Develops Dirham-Backed Alternative

Sonic Labs has canceled its plans to launch a US dollar-pegged algorithmic stablecoin, opting instead to develop a United Arab Emirates (UAE) dirham-based alternative.

Strategy Shift and New Roadmap

Sonic Labs co-founder Andre Cronje stated on March 22 that the company was working on an algorithmic stablecoin with an annual percentage rate (APR) of up to 23%. However, a week later, the company abandoned this plan.

On March 28, Cronje posted on X:

“We will no longer be releasing a USD-based algorithmic stablecoin. Completely unrelated, we will be releasing a mathematically bound numerical Dirham, which is settled and denominated in USD. This is definitely not a USD-based algorithmic stablecoin.”

This strategic shift comes shortly after the UAE Central Bank announced plans to launch its digital dirham (CBDC) in the fourth quarter of 2025.

Digital Dirham and Financial Stability

UAE Central Bank Governor Khaled Mohamed Balama stated that the blockchain-based digital dirham would enhance financial stability and contribute to combating financial crime. The digital currency will be accepted across all payment channels alongside physical banknotes.

Sonic Labs Faced Criticism Over Algorithmic Stablecoins

Sonic Labs’ initial plans for an algorithmic stablecoin faced intense criticism due to the collapse of the Terra ecosystem in 2022.

Andre Cronje admitted that these models posed risks, even stating that he suffered from post-traumatic stress disorder (PTSD) due to past experiences:

“I’m pretty sure our team cracked algorithmic stablecoins today, but the previous cycle gave me so much PTSD that I’m not sure if we should implement it.”

In May 2022, the $40 billion Terra ecosystem collapsed, shaking confidence in the algorithmic stablecoin model. Terra’s stablecoin, UST, was yielding over 20% interest through Anchor Protocol before losing its peg and plummeting to $0.30. Terraform Labs co-founder Do Kwon was forced to propose a rescue plan.

During this collapse, LUNA fell from $120 to $0.84, losing over 98% of its value.

These shifts in the stablecoin ecosystem, combined with Sonic Labs’ strategy change and the UAE’s digital currency initiative, signal a new era for the market.

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