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Sonic public chain's locked-up assets rose by 130% within a month, leading a new wave of growth in public chains.
The Sonic public chain is rising rapidly, with locked-up assets increasing by 130% in one month.
Recently, the cryptocurrency market has been performing poorly overall, with most projects in a slump. However, a public chain named Sonic has defied the trend, achieving an astonishing growth of 130% in just one month, making it the fastest-growing project among all public chains.
Sonic is an upgraded version derived from the Fantom public chain. Fantom, as a Layer 1 public chain focused on DeFi and decentralized applications, received significant attention between 2021 and 2022. However, due to various factors, Fantom's development has been hindered. To revitalize the ecosystem, the Fantom team launched the Sonic upgrade plan.
The Sonic project plans to issue a total of 190.5 million S tokens, using a unique reward mechanism: 25% can be withdrawn immediately, while 75% will be gradually released in the form of tradable NFTs. Users can qualify through two channels: Points (for regular participants) and Gems (for developers). Among them, Points are further divided into passive points and activity points, encouraging users to hold and use whitelisted assets.
In the Sonic ecosystem, multiple innovative projects are thriving. Two notable projects are:
Wolf-Sheep Game: This is a strategic game that combines blockchain asset management, NFT mechanisms, and DeFi protocols. Players can participate in the game by purchasing Sheep Coin, minting Wolf NFTs, and protecting their assets. The core of the game lies in the "wolf eats sheep" mechanism, which continuously reduces the supply of Sheep Coin, thereby driving up the coin price. Players need to weigh the risks and rewards and choose the best strategy.
Petroleum Finance: This is a blockchain game themed around oil extraction. Players refine crude oil (cOIL) by purchasing land, building, and upgrading pump stations, and convert it into tradable $OIL tokens. The game includes multiple stages, such as purchasing land, managing pump stations, adding decorations, and refining crude oil. Players need to balance production, refining, and upgrading strategies to achieve stable income and asset appreciation.
The rapid rise of Sonic and the emergence of novel projects within its ecosystem have brought new vitality to the crypto market. However, investors still need to carefully assess risks, gain a deep understanding of the mechanisms and potential returns of each project, and make informed investment decisions.