Gate News Bot Message, December 31st, according to CoinMarketCap data, at press time, S (Sonic) is trading at $0.07, up 2.88% in the past 24 hours, with a high of $0.08 and a low of $0.07. The current market cap is approximately $221 million, an increase of $6.2 million from yesterday.
Sonic is the highest-performance EVM L1 blockchain, combining speed, incentives, and world-class infrastructure. Sonic offers unprecedented scalability and storage capacity, providing users with fast, smooth experiences.
Sonic uses SonicVM to deliver lightning-fast execution speeds, 100% EVM compatibility, supporting Solidity and Vyper programming languages, while enhancing security and reducing application crash risks. SonicDB features low latency, highly specialized nodes, and low storage requirements. Sonic Gateway is its native cross-chain bridging solution, offering the fastest and most secure bridging methods from Ethereum and other chains, with security audits by OpenZeppelin, Certora, and Quantstamp.
The Sonic ecosystem has gathered numerous DeFi applications such as Silo, Equalizer Exchange, Beethoven X, Pendle, Curve, and offers a Fee Monetization mechanism, allowing developers to earn 90% of application fees.
Recent Important News about S:
1️⃣ Stablecoin Supply Increase Supports Ecosystem Liquidity
In the past 12 hours, Tether and Circle issued a total of $2 billion in stablecoins, injecting ample liquidity into the crypto market. This large-scale stablecoin issuance reflects sustained market demand for underlying trading pairs, providing sufficient funding support for trading activities across various blockchain ecosystems. As an EVM L1 chain, Sonic will benefit from overall market liquidity improvements, which will help enhance DEX trading depth within its ecosystem.
2️⃣ RWA and AI Proxy Tracks Boost Overall Market Attention
Tokenized silver SLV saw a market cap increase of over 155% in the past 30 days, reaching $18 million. The AI proxy operating system elizaOS surged over 52% in 24 hours and jumped to third place in hotness rankings. The rapid heating of these two sectors indicates that market investment enthusiasm is focusing on emerging applications, creating a favorable macro environment for deployment and development of related projects within the EVM L1 ecosystem.
3️⃣ Leading EVM L1 Competition and Ecosystem Segmentation
Solana’s on-chain spot DEX has a daily trading volume of $4.13 billion, reaching a 38-day high. Its ecosystem status reflects diverse market demands for different L1 chain infrastructures. Sonic, with its performance advantages and Fee Monetization incentives, has a unique position in EVM compatibility and application integration, gaining a competitive edge amid the market’s multi-faceted development trend.
This message is not investment advice. Investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC and ETH short-term holder SOPR has rebounded since late February, indicating increased market resilience.
Gate News Report, March 11 — A research institution released a report indicating that short-term holders of BTC and ETH have been experiencing a rebound in the spent output profit ratio (SOPR) since late February. SOPR is used to measure whether recent sellers are in profit when selling assets. The rebound of this indicator suggests that spot demand has been strong enough recently to absorb reverse selling pressure, making market positioning more resilient.
GateNews27m ago
XRP Today's News: Ripple's Dual Licenses and ETF Attracting Funds, Market Ignores Positive Catalysts
XRP is still about 61% below its peak at the end of 2025, but there are three major catalysts not yet fully reflected by the market: Ripple obtaining a financial license, XRP ETF steadily attracting funds, and a significant increase in XRP Ledger transaction volume. On the technical side, XRP is trading between the $1.50 resistance level and the $1.30 support level, indicating a possible breakout.
MarketWhisper38m ago
Bitcoin reclaims $70,000 triggering FOMO sentiment, Santiment: BTC may迎 a new round of upward momentum
Bitcoin price rebounds to $70,000, market sentiment improves, positive discussions increase on social media, and investor confidence is restored. Trump's comments on the Middle East situation have eased market risks, and increased institutional capital inflows boost confidence. Although sentiment indicators remain cautious, market corrections may lay the foundation for a rebound.
GateNews1h ago
Arthur Hayes suspends Bitcoin purchases; the Federal Reserve printing money is the real trigger
Legendary trader Arthur Hayes stated that although he predicts Bitcoin could reach $250,000 by 2026, he will not be investing funds in the current market environment. He emphasized the need to wait for the Federal Reserve to ease policies and print money before entering the market, and warned that Bitcoin faces short-term downside risks, such as escalating US-Iran conflicts and technical support dropping to $60,000. Despite his cautious stance in the short term, he remains optimistic about Bitcoin's long-term prospects.
MarketWhisper1h ago
Pi Network's rally stalls, CEX deposits surge indicating profit-taking
Pi Network (PI) surged over 25% in March, but CEX deposits skyrocketed to 3.91 million coins, indicating profit-taking pressure is accumulating. Social media buzz is increasing, and technical indicators are bullish, but the overall trend remains bearish. The resistance level is at $0.2396, and the support is at $0.1977. Large deposits suggest a possible local top, so caution is advised.
MarketWhisper1h ago
Wintermute: From a 12-18 month cycle perspective, Bitcoin's current price level is quite attractive
Wintermute's market update report shows that the escalation of the Middle East conflict has driven Brent crude oil up by 26%, while Bitcoin performed relatively strongly with a weekly increase of 0.4%. Despite limited buyer interest, Bitcoin's investment potential over the next 12-18 months is viewed positively. The report indicates that the crypto market has demonstrated resilience compared to other assets, and most deleveraging processes have concluded.
GateNews1h ago
