The first part of the comprehensive analysis series prepared by Sonic SVM Research covers the infrastructure of this transformation in full detail. In this article, we will summarize the research and prepare readers for both the current landscape and future scenarios.

Transformation Driven by Regulation and Institutional Winds

The year 2025 marked a turning point for stablecoins. The GENIUS Act passed in the U.S. provided the first comprehensive regulatory framework for fiat-backed stablecoins. Hong Kong’s “Stablecoin Ordinance” law and the European Union’s MiCA regulation made these assets more legitimate and accessible globally.

If you want to read the full article by Sonic SVM Research on this topic, click here.

On the institutional side, momentum is also remarkable. Alongside giants like PayPal, Santander, and Deutsche Bank, Visa and Stripe are adapting their infrastructures to be stablecoin-compatible. In China, tech giants like JD.com and Ant Group have started licensing processes. One of the most notable developments is the stablecoin initiative called USD1, launched through World Liberty Financial Inc., owned by U.S. President Donald Trump’s family.

Market Is Not Yet Saturated, Competition Intensifies

Today, there are over 150 stablecoins, but USDT and USDC dominate 88.5% of the total market. Still, new projects like USDe, USDtb, USD1, and USDS are seeking market share through on-chain integrations and differentiated distribution strategies.

The research reveals with data how Ethereum and Tron networks stand out in this race and where stablecoin distribution is concentrated across ecosystems. While Ethereum serves as the heart of decentralized finance, Tron has become dominant in the daily transactions of USDT.

The most striking takeaway from Sonic SVM Research is this: for new players to succeed, merely creating supply is not enough. They must also be strong in real volume, transaction density, and user trust metrics. This is possible not only through chain integration but also with user experience, regulatory compliance, and innovative distribution strategies.

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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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In April, Bitcoin dominance reached its highest level in four years. This indicates that investors are turning to Bitcoin, which is seen as a safer haven. Still, Sygnum emphasized that new digital asset policies implemented in the United States—such as President Donald Trump’s “Digital Asset Reserve” initiative and progress in stablecoin regulations—may accelerate broader crypto adoption.

The bank foresees that protocols capable of attracting user attention will outperform others, and that Bitcoin’s market share may decline in this process.

Sygnum: Focus on Economic Value Heats Up the Competition

Sygnum highlighted that behind the increasing competition in the industry lies a strategic focus on creating economic value. This situation could pave the way for higher-quality projects to come to the forefront in terms of user experience.

The report pointed out that emerging projects like Toncoin, Sui, Aptos, Sonic, and Berachain have entered the competition with different approaches. While these high-performance blockchains offer alternatives to the limitations of leading networks like Ethereum, Solana, and Bitcoin, they still face challenges in gaining a broad user base and generating revenue.

In particular, Berachain’s system of incentivizing liquidity providers, Sonic’s developer-focused reward model, and Toncoin’s access to 1 billion users through Telegram integration were highlighted as sustainable strategies.

Layer-2 Solutions Also in Focus: Base Stands Out

In addition to altcoin-related developments, Sygnum’s report also covered Layer-2 solutions. Specifically, the Base network reached peak user and revenue numbers amid the recent memecoin frenzy. However, this surge quickly declined as interest in memecoins faded.

Despite this, Base remains a leader in key metrics such as daily transaction volume, throughput, and total value locked (TVL).

Memecoins Topped the Charts in Q1

In the first quarter of 2025, despite all price fluctuations, memecoins remained among the top choices for investors. According to data, memecoin projects attracted 27.1% of global investor interest, ranking just behind AI-focused tokens at 35.7%.

While retail investors continue to show interest in memecoins, institutional investors seem to be shifting toward Bitcoin. At least 12 publicly traded companies purchased Bitcoin for the first time in Q1 2025, bringing the total Bitcoin holdings of public firms to $57 billion.

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Intraday Key Levels for Bitcoin

The BTC/USD pair has lost 3.61% in the last 24 hours and is currently trading at $88,655. Bitcoin (BTC) has continued its decline after losing the $92,053 support level. For a recovery, BTC needs to close above the $92,053 resistance. Key support levels are $85,414 and $81,337.

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

Ethereum (ETH):

The ETH/USDT pair has dropped 0.92% in the past 24 hours, currently trading at $2,482. Resistance levels for ETH are $2,532 and $2,724, while support levels are $2,366 and $2,162.

Maker (MKR): The MKR/USDT pair has gained 22.75% in the last 24 hours and is now trading at $1,692. Resistance levels for MKR are $1,649 and $1,690, while key support levels are $1,598 and $1,559.

Celestia (TIA): The TIA/USDT pair has risen 16.42% in the past 24 hours and is currently at $3,717. Resistance levels for TIA are $3,781 and $4,120, with support zones at $3,513 and $3,309.

Quant (QNT): The QNT/USDT pair has increased by 13.75% in the last 24 hours and is trading at $104.6. Resistance levels for QNT are $107 and $110.4, while support levels are $99.9 and $96.1.

Trending Coins

In the past 24 hours, the most trending coins in the crypto market have been Sonic (S), Story (IP), and Hyperliquid (HYPE). The top gainers list includes Maker (MKR), Act I The AI Prophecy (ACT), and AB (AB), while the biggest losers are Ket (KET), Raydium (RAY), and The Grays Currency (PTGC).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the major liquidation level on the upside is $89,518, with a total of $66.32 million. On the downside, $87,753 is another key liquidation level with $66.32 million.

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Bitcoin Intraday Key Levels

The BTC/USD pair has gained 0.24% in the last 24 hours and is currently trading at $95,829. After losing the $98,331 support level, Bitcoin (BTC) continues its downtrend, with the resistance level for a potential rise at $98,331. Support levels are at $94,886 and $92,053.

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Ethereum (ETH): The ETH/USDT pair has gained 0.52% in the last 24 hours and is currently trading at $2,724. For ETH, the resistance levels are at $2,724, followed by $2,877. Support levels are at $2,532 and $2,366.

Aptos (APT): The APT/USDT pair has gained 13.70% in the last 24 hours and is currently trading at $6.31. The resistance level for APT is at $6.38, followed by $6.90. Support regions are at $5.54, with a further drop to $5.05 in case of deeper decline.

Litecoin (LTC): The LTC/USDT pair has gained 10.12% in the last 24 hours and is currently trading at $136.04. Resistance levels for LTC are at $141.23, followed by $146.35. Support regions are at $130.94, with deeper declines targeting $124.32.

MANTRA (OM): The OM/USDT pair has gained 4.61% in the last 24 hours and is currently trading at $7.5889. The resistance levels for OM are at $7.7499 and $8.2117. Support levels are at $7.3605, with a deeper drop targeting $7.0601.

Trending Coins

In the last 24 hours, the trending coins in the crypto market include Story (IP), Berachain (BERA), and Sonic (S). The top gainers in the market include Story (IP), Plume (PLUME), and Berachain (BERA). The most significant losers are Gigachad (GIGA), Virtuals Protocol (VIRTUAL), and Hyperliquid (HYPE).

Bitcoin Liquidation Map

Looking at the 12-hour liquidation map for Bitcoin, the noticeable liquidation at the top is at $96,314 with $33.91 million. On the downside, the $94,409 level also shows a liquidation of $33.91 million.

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The post The Latest on Bitcoin and Cryptocurrencies: 19 February appeared first on Coin Engineer.

Bitcoin Key Levels for the Day

BTC/USD has dropped 2.65% in the last 24 hours, currently trading at $95,844. Bitcoin (BTC) lost the $98,331 support, experiencing a correction. To resume its uptrend, BTC must reclaim $98,331 as resistance. Key support levels are $94,886 and $92,053.

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Ethereum (ETH): ETH/USDT has declined 4.40% in the last 24 hours, currently trading at $2,602. Resistance levels are $2,724, followed by $2,877. Support levels are $2,532 and $2,366.

FTX Token (FTT): FTT/USDT has gained 0.74% in the last 24 hours, currently trading at $2.0147. Resistance levels are $2.0205, followed by $2.2338. Support zones are $1.8059, with a deeper decline leading to $1.6427.

Sonic (S): S/USDT has increased 0.39% in the last 24 hours, currently trading at $0.4665. Resistance levels are $0.4807, followed by $0.5140. Support levels are $0.4119, with a deeper decline leading to $0.3670.

MANTRA (OM): OM/USDT has dropped 1.03% in the last 24 hours, currently trading at $5.8732. Resistance levels are $6.1344, followed by $6.4807. Support levels are $5.6678, with a deeper decline leading to $5.3793.

Trending Coins

The most trending coins in the last 24 hours are Solayer (LAYER), B3 (B3), and Koma Inu (KOMA). The top gainers are B3 (B3), Ket (KET), and AB DAO (AB), while the biggest losers are Fartcoin (FARTCOIN), aixbt by Virtuals (AIXBT), and Toshi (TOSHI).

Bitcoin Liquidation Map

In Bitcoin’s 12-hour liquidation heatmap, the largest liquidity cluster above is at $96,570 with $39.83 million in liquidations. The most significant liquidity level below is at $94,388, with $46.78 million in liquidations.

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The post The Latest on Bitcoin and Cryptocurrencies: 12 February appeared first on Coin Engineer.

Launched in December 2024 with sub-second transaction accuracy and a capacity of 10,000 TPS, the Sonic network quickly made a name for itself thanks to its high-performance infrastructure. This integration with Orderly will make Sonic stand out not only for its performance but also for its liquidity access.

Technology Redefining Liquidity

Orderly has further strengthened this ecosystem by integrating the omnichain order book system into Sonic, which it has successfully implemented on many EVM-compatible networks and major platforms such as Solana. Now, projects developed on Sonic will have access to a large pool of liquidity, not limited to local network liquidity.

Ran Yi, Co-Founder of Orderly, commented on the integration:

“Sonic’s high-performance infrastructure aligns perfectly with our vision to create seamless cross-chain trading experiences. By integrating Orderly’s cross-chain order book system into Sonic, we give developers the tools they need to build innovative DeFi applications. We empower users with deep liquidity that will deliver greater capital efficiency. Given Sonic’s impressive processing capacity, we are excited to see the high-performance applications developers will create using Orderly’s technology infrastructure.”

Sonic’s Remarkable Airdrop Move

On the other hand, to promote this new ecosystem that Orderly is integrated into and to increase user interest, Sonic announced that it will launch an airdrop of approximately 200 million S tokens. This rewarding campaign aims to increase the trading volume and participation of the Sonic network, especially by attracting the attention of traders using DEX and airdrop enthusiasts.

Benefits for Developers

Among the features Sonic offers, Sonic Gateway and the Fee Monetization model stand out. This incentive system allows developers to earn up to 90% of the transaction fees generated from their projects. Orderly’s liquidity support takes this infrastructure even further and gives developers the opportunity to innovate on-chain trading applications.

About Orderly

Orderly offers groundbreaking solutions in blockchain technology with its permissionless liquidity layer. The platform enables unified and deep liquidity across all chains, enabling trading on a global scale.

More information: orderly.network

About Sonic

A high-performance EVM-based Layer-1 platform, Sonic offers its users fast transaction times and advanced infrastructure. The network’s own cryptocurrency, the S token, is used on the platform for transaction fees, staking and validator management.

More information: soniclabs.com

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Key Intraday Levels for Bitcoin

The BTC/USDT pair has dropped 5.87% in the past 24 hours and is currently trading at $95,709. Bitcoin (BTC) has lost the previously identified support at $97,362, leading to a significant correction. If it rebounds, the resistance level to watch is $97,362, while the support levels are $94,703 and $93,138.

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

Ethereum (ETH): The ETH/USDT pair has dropped 8.69% over the last 24 hours and is currently trading at $3,361. Resistance levels for ETH are $3,440 and $3,535, while the support levels are $3,290 and $3,217.

SPX6900 (SPX): The SPX/USDT pair has gained 0.94% in the last 24 hours and is trading at $1.44. Resistance levels are $1.453 and $1.56, while support levels are at $1.34 and, if the decline deepens, $1.24.

Helium (HNT): The HNT/USDT pair has lost 5.58% in the past 24 hours and is trading at $5.87. Resistance levels for HNT are $5.91 and $6.25, while support levels are $5.72 and $5.45.

Shiba Inu (SHIB): The SHIB/USDT pair has dropped 10.14% in the last 24 hours and is currently trading at $0.00002167. Resistance levels for SHIB are $0.00002192 and $0.00002312, while support levels are $0.00002133 and $0.00002052.

Trending Coins

The most trending coins in the crypto market over the past 24 hours include Sonic SVM (SONIC), Virtuals Protocol (VIRTUAL), and Hyperliquid (HYPE). The top gainers are Sonic SVM (SONIC), QuantixAI (QAI), and Ultima (ULTIMA), while the biggest losers are Swarms (SWARMS), Horizen (ZEN), and CHEX Token (CHEX).

Bitcoin Liquidation Map

On the 12-hour liquidation map for Bitcoin, notable liquidations are seen at $96,696 on the upside, totaling $34.48M, and at $94,818 on the downside, also with $34.48M.

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Upbit revealed that deposits for Sonic SWM would begin on January 7 at 8:00 PM. However, trading will only become active once sufficient liquidity is ensured. Investors are advised to monitor announcements closely for updates on the start of trading.

Supported Networks: Solana
Supported Pairs: KRW, BTC, USDT
Deposit Start Time: January 7, 8:00 PM
Trading Start Time: To be announced

When trading support for Sonic SWM begins, buy orders will be limited during the first 5 minutes, and only limit orders will be accepted for one hour. These measures aim to ensure transaction security and maintain market stability.

What is Sonic SWM (SONIC)?

Sonic SWM is a solution designed specifically for game developers, built to operate on the Solana network. It aims to expand the gaming ecosystem on Solana while reducing potential network congestion. Sonic SWM utilizes HyperGrid, Solana’s roll-up system, to offer game-focused solutions.

What is SONIC’s Price in USD?

As of the time of writing, Sonic SWM has not been listed on any exchanges and therefore does not have an official price. However, its market price will emerge shortly after exchange listings.

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How Does Sonic Work?

Sonic is built on HyperGrid, a framework developed specifically for Solana. HyperGrid offers a customizable and scalable infrastructure while maintaining full compatibility with Solana. Thanks to Sonic’s technology, both game developers and application creators can seamlessly execute their business logic on-chain.

Advantages Sonic Provides to Users

• With its SVM-based infrastructure, Sonic delivers the fastest and most economical on-chain gaming experience compared to competing chains.
• SonicX facilitates the migration of users from popular platforms like TikTok into the web3 world.
• With its HyperGrid framework and ECS-based tools, Sonic offers a robust toolkit for game developers.
• Sonic provides a native infrastructure that supports growth, traffic, payments, and settlement processes for games.

Supporters and Investors

Sonic has attracted investments from notable firms such as BITKRAFT Ventures, Galaxy Ventures, Sanctor Capital, OKX Ventures, Mirana Ventures, and Republic. Partners include prominent names like Solana, Blockchain Game Alliance, Backpack, Helius, Pyth, Raydium, and MoonPay.

Token Details and Tokenomics

The $SONIC token powers the Sonic ecosystem. Key use cases for the token include:

• It can be used for payments and other transactions within the platform.
• Users can participate in the network and earn rewards.
• Token holders have the right to participate in decision-making regarding the platform’s future.

$SONIC Token Distribution

• Total Supply: 2,400,000,000 $SONIC
• Initial Circulating Supply: 15%

Distribution Breakdown

• 30% – Ecosystem and Community
• 7% – Initial Claims
• 20% – Sonic HyperGrid Rewards
• 20% – Foundation
• 8% – Early Supporters
• 15% – Investors

Sonic SVM stands out with its visionary approach, combining high speed, low costs, and seamless integration between web2 and web3 worlds. Aiming to revolutionize gaming economies, this project is poised to become a prominent name in the future thanks to its strong technological foundation and widespread community support.

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