Sonic: The New Star of High-Performance Layer 1 Blockchain

Sonic, as a newcomer in the Layer 1 track, has attracted considerable attention since its launch. In just 4 months, its total locked value (TVL) has approached 1 billion USD, demonstrating strong development momentum. This article will delve into Sonic's technological advantages and its unique revenue mechanism.

Project Background

Sonic originates from the Fantom project established in 2018, aiming to solve the scalability issues of Ethereum. After multiple iterations and upgrades, Sonic has now become a high-performance Layer 1 Blockchain platform.

Technical Highlights

1. Fully Compatible with EVM: Sonic uses a customized tech stack, including a dedicated virtual machine, database, and consensus mechanism, to ensure complete compatibility with the Ethereum Virtual Machine.

2. Outstanding Performance: As one of the best-performing EVM-compatible Blockchains, Sonic supports a processing capacity of over 10,000 TPS, with transaction confirmation times of less than 1 second, making it ideal for high-frequency trading scenarios such as DeFi and Web3 games.

3. Innovative Fee Sharing Mechanism: Sonic has launched the Fee Monetization (FeeM) mechanism, allowing developers to earn 90% of the network fees generated by their applications, effectively reducing development costs.

4. Native Account Abstraction: Sonic supports native account abstraction (AA), significantly enhancing user experience. The platform also offers fee subsidy features to lower the entry barrier for new users.

5. Dynamic Fee Adjustment: Applications can flexibly adjust user fees according to different scenarios to accommodate diverse usage needs.

Token Incentive Program

Sonic has launched a points program lasting over a year, involving an airdrop of 200 million tokens, aimed at incentivizing user participation and promoting ecological development. Users can earn passive points by holding or using specific assets, and can also obtain activity points through on-chain interactions. After the end of each quarter, points can be exchanged for tokens.

Developers can compete for airdrop shares through Sonic Gems and distribute the obtained tokens to their application users. 25% of the exchanged tokens are unlocked immediately, and the remaining 75% will be released linearly in the form of NFTs over 270 days.

High Yield Strategies

1. Provide liquidity

Users can provide liquidity for bUSDC.e-20/wstkscUSD or aSonUSDC/wstkscUSD on specific trading platforms, not only earning an annual percentage rate of up to 16.7% to 22.27% (APR), but also receiving additional points as rewards.

2. Participate in governance voting

Users can participate in governance voting by locking stkscUSD and receive additional rewards. Currently, due to the low number of participants, the annualized return rate can reach 150%. Users need to vote weekly and can also use automated voting tools to simplify the process.

Conclusion

Sonic, as an emerging high-performance Blockchain platform, not only demonstrates strong capabilities in technology but also offers users ample profit opportunities through its unique incentive mechanism. With the continuous development of the ecosystem, Sonic is expected to occupy an important position in the Layer 1 track.