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Overview of Sonic (S): price, market capitalization, and what you should know - Cryptocurrency news today
Sonic — an innovative Layer 1 blockchain platform that combines high transaction speed, attractive incentives for developers, and a robust infrastructure for the development of decentralized financial applications (DeFi). This project is focused on providing scalability and efficiency, making it a notable player among other Ethereum Virtual Machine (EVM)-based platforms.
Price and Market Metrics
| Metric | Value | | --- | --- | | Price (USD) | $0.0307 | | Market Cap (USD) | $116,140,235 | | Rank by Market Cap | 239 | | 24h Trading Volume (USD) | $13,353,981 | | 24h High | $0.0325 | | 24h Low | $0.0306 | | Price Change over 24h | -5.58% | | Price Change over 7d | +0.80% | | Circulating Supply | 3,784,775,845 S | | Total Supply | 3,885,497,663 S | | Max Supply | No data available |
What is Sonic
Sonic is a Layer 1 blockchain platform with Ethereum Virtual Machine support, delivering ultra-high performance with a throughput of up to 400,000 transactions per second (TPS) and near-instant transaction confirmation. It is designed to support scalable DeFi applications, providing developers with favorable conditions for creating and monetizing their products.
One of Sonic’s key features is the Fee Monetization (FeeM) program, which allows developers to earn up to 90% of the fees generated by their applications. This adapts the traditional Web2 advertising revenue model to a decentralized environment, encouraging active ecosystem development.
Additionally, Sonic Gateway provides seamless access to significant liquidity through a secure native bridge connected to Ethereum. Its unique security mechanism guarantees the protection of user assets in any situation.
Price Dynamics