In my discovery journey through other blockchains I sometimes end up in places and don't remember how I got there. This was the case with my latest discovery: the Sonic blockchain.
What is the Sonic blockchain?
The Sonic blockchain is a very young blockchain that was launched at the end of 2024 by the what was known as the Fantom blockchain. Sonic replaces Fantom. Sonic is a EVM compatible blockchain able to handle up to 10'000 transactions per second. With a sub-second finality of transactions. The native token S is used for transactions. What is very interesting is that 90% of the fees that an app generates goes back to the app. So there is an inbuilt monetization for developers.
The Sonic blockchain can be accessed with Metamask, Phantom wallet or Trustwallet.
How to get S tokens
There are some bridges to get S tokens from Ethereum for example. S is also traded on Binance.
What makes Sonic interesting?
Ok, do we really need one more EVM chain? What does it make different than others? Well, first of all the transaction fees are very low which makes its usage easy.
TVL in blue and S price in green (source Defillama)
The next thing why Sonic is interesting is when you look at how it evolved since its creation. After the creation the S token dropped consistently in value until recently. In the last 30 days, the token took 305% in value! Also when you look at the value coming into the chain, you can see that it grows steadily and it's already the 13th biggest chain in terms of TVL, bigger than chains like Hyperliquid, OP or even Cardano.
Huge airdrop coming
What I found very interesting is that you can now collect points to get one of the biggest airdrops of the year. At today's prices, 162 millions of dollars worth of S tokens will be airdroped to users. The airdrop will take place in June 2025 and it's quite easy to collect points. You simply need to deposit coins that qualify for the airdrop on the chain and use the apps that are part of the program.
In order to sign up for the points, you will need a referral code than you need to paste into the field login with x in a second step. You can gladly use mine which is 8R3IF0 .
In order to qualify for points, go to https://my.soniclabs.com/points where you need to connect with your wallet (Metamask, Phantom, Trustwallet) and with your X account. You then have to enter a referral code in this field to complete registration
As soon as you have assets on the chain and you use the apps, you start to collect points for the airdrop. The points will be updated once a day.
How will the airdrop be distributed?
According to the number of points that you have collected, you will get a certain amount of S tokens. Of this amount, you will get 25% immediately without limitations. The rest of the tokens will be in a cool down process over 270 days. You can claim your tokens earlier but it will cost you. The longer you wait, the lower the costs. For more info, look at the documentation of the airdrop. This cool down should make sure that the token price doesn't drop immediately after the airdrop.
Attracting developers
The airdrop comes also with an incentive program for apps. A big amount of S tokens is allocated for developers who in addition to earning these incentives also take 90% of the fees generated on their apps. This is probably the reason why the ecosystem of Sonic is growing very fast with already over 130 apps in the registry.
The ecosystem is getting quite impressive. At the moment there are 137 apps available. Not all of these apps reward points for the airdrop however
This is of course not financial advice. I simply share what I find out on my discovery journeys and share it with you and my future self when I want to come back to my findings :-).
With @ph1102, I'm running the @liotes project.
Please consider supporting our Witness nodes:
