Sonic
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Sonic price
in USD$0.2994
+$0.0025 (+0.84%)
USD
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Market cap
$1.13B
Circulating supply
3.78B / 3.89B
All-time high
$0.991
24h volume
$82.16M
About Sonic
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
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OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Sonic’s price performance
Past year
--
--
3 months
-7.02%
$0.32
30 days
-10.82%
$0.34
7 days
-2.42%
$0.31
Sonic in the news
The funding will be used to support SonicStrategy's treasury, validator operations, and blockchain investments, and can convert to common stock at $4.50 per share.
Sonic Labs pitched the proposal as a necessary break from its “2018 tokenomics,” which involved Fantom giving away most of its supply to the community.
Sonic on socials
💳Analytics: Crypto cards
Crypto cards have shown rapid growth in volume in recent months, reaching a volume of $200 million.
I analyzed 10 crypto cards and got the following results:
The total monthly volume exceeded $200 million, with @RedotPay, @raincards, and @Cypher_HQ_ leading the way. They are followed by @ether_fi Cash card, @gnosispay, and @holyheld.
Why RedotPay, Rain Card, and Cypher?
These three projects are so-called card issuers, providing services not only to their customers but also to other projects that want to launch their own crypto card.
For example: Rain Card is the card issuer for @KoloHub card, RedotPay is the card issuer for @SonicLabs card, and Cypher is the card issuer for @MoonwellDeFi card.
As for the most popular payment chains, there are three: @0xPolygon, @base, and @ethereum.
Track volumes here:
⚠️ *I would like to make a small clarification. I did not include Revolut Card due to a problem with identifying payments on all chains. Also, KAST card is partially tracked by EVM.
When you think of Sonic, the most well-known aspect is probably "speed."
I'm tagging the two people I refer to the most while yapping, @r2Jamong and @heysoahri (I’m definitely not tagging them to increase interaction points).
This post is a brilliant piece that makes you go "Aha!" if you’re wondering why speed is important in blockchain. To summarize:
1. The biggest factor affecting blockchain speed is block time.
2. The amount that can be processed in one block + the processing speed is important.
That's what they say.
I’ve only heard about TPS TPS all the time, but I didn’t know the exact meaning until now. With current node experts Rujamong and Ari, I’m not afraid of yapping anymore.
To add a bit of old-school wisdom, back in my day,,, when I knew nothing about blockchain, it was tough to find ways to study, and I was just wandering around conferences... I used to try to impress Ari by picking up bits and pieces, but it seems like a good world has come with the advent of yapping.
(@SonicLabs I also referenced @internpark's post while yapping.)
Rejamong.eth 🦅🟠
Let's properly understand TPS.
In fact, TPS is not a term related to speed.
TPS stands for Transactions Per Second. It refers to how many transactions can be processed on average per second.
When @SonicLabs says it has a maximum of 400K TPS, it means it can process an average of 400,000 transactions per second.
In reality, the biggest factor affecting speed in blockchain is the "block time."
Since transactions in blockchain are executed in blocks, the frequency at which blocks are created is the most important factor.
Bitcoin has a block time of 10 minutes, Ethereum has 12 seconds, and Solana has 0.3 to 0.4 seconds.
Even if there is a chain with an extreme TPS of 100 million, if the block time is 1 hour, the transaction I sent from my wallet could take up to an hour to execute in the worst case.
The point at which TPS affects speed is when there is high usage and transactions are congested.
No matter how fast the block time is, if the amount that can be processed in one block is small, then when usage increases, you will have to wait.
So, in fact, on a quiet chain where only 1 to 2 transactions occur per second, whether the TPS is 10, 400K, or 10 billion, it does not affect speed at all.
It will just be processed according to the speed of the block time as requests come in.
Therefore, expressions like "with TPS speed" that are often seen recently are somewhat strange, like saying "with a weight of 100km."
So if someone yells "with Sonic's 400K TPS speed," you can just comment back, "Ah, lol, that's not speed, lol."
Guides
Find out how to buy Sonic
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Predict Sonic’s prices
How much will Sonic be worth over the next few years? Check out the community's thoughts and make your predictions.
View Sonic’s price history
Track your Sonic’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
Sonic on OKX Learn
Tokenomics of Sonic: Unlocking High-Performance Blockchain and Cross-Chain DeFi
Introduction to Sonic and Its Tokenomics Sonic is a next-generation Layer-1 blockchain designed to deliver unparalleled performance and scalability. With Ethereum Virtual Machine (EVM) compatibility,
Sonic Labs Network: Unlocking Speed, Scalability, and Interoperability in Blockchain
Introduction to Sonic Labs Network Sonic Labs Network is a groundbreaking Layer-1 blockchain that redefines speed, scalability, and interoperability. Evolving from its predecessor, Fantom Opera, Sonic
Sonic Testnet and Mainnet: Unlocking High-Speed Blockchain Innovation
Introduction to Sonic Labs: A New Era in Blockchain Technology Sonic Labs is a next-generation Layer-1 blockchain project that has evolved from the Fantom network. Designed to deliver ultra-fast trans
Sonic’s Evolution: How Rebranding and Advanced Technology Are Shaping the Future of Blockchain
Sonic Price Prediction: A Comprehensive Analysis of Its Future Potential Introduction Sonic (S), formerly known as Fantom (FTM), has undergone a transformative rebranding that positions it as a frontr
Diversify your portfolio with over 60 euro trading pairs available on OKX
Sonic FAQ
Currently, one Sonic is worth $0.2994. For answers and insight into Sonic's price action, you're in the right place. Explore the latest Sonic charts and trade responsibly with OKX.
Cryptocurrencies, such as Sonic, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Sonic have been created as well.
Check out our Sonic price prediction page to forecast future prices and determine your price targets.
Dive deeper into Sonic
Sonic is an EVM L1 chain with powerful incentives and infrastructure for DeFi.
ESG Disclosure
ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.
Market cap
$1.13B
Circulating supply
3.78B / 3.89B
All-time high
$0.991
24h volume
$82.16M