Sonic Chain's performance in the past couple of days is worth paying attention to. The total locked value in DeFi has dropped to $66.1 million, a decrease of nearly 10% within 24 hours, reflecting that the market is still in the adjustment phase.

Stablecoins are relatively stable, with a market cap maintained at around $104 million. On-chain fees are only $270, indicating that activity levels still need to be improved.

On the application layer, trading fees reached $166,000, but the generated revenue is only a little over $35,000, showing a significant gap. DEX trading volume is $3.84 million, while perpetual contract trading volume is $5.68 million, indicating higher interest in contracts.

In terms of capital flow, $7.73 million flowed in over the past 24 hours, and bridged TVL has accumulated to $222 million. From a fundraising perspective, the project has currently raised a total of $10 million.

The $S token is currently priced at $0.081, with a market cap of $30.789 billion and a fully diluted valuation of $31.608 billion. Overall, the Sonic Chain ecosystem is still in the early development stage, and various indicators are fluctuating normally.