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
HBAR at a Crossroads: Will $0.095 Support Trigger a Break Toward $0.106?
HBAR is trading at $0.09739 and above the S/R flip of $0.094-$0.096 in the 12H chart.
The nearest resistance will be at $0.10 with a falling trendline pressure at around $0.104-$0.106.
The support is at $0.095835 and a breakdown at the
CryptoNewsLand11m ago
DXY Retest at 99.183: Will 100–101 Break as US Degen Index Stabilizes?
DXY trades at 99.183 while retesting the 100–101 monthly resistance zone.
US Degen Index 6900 sits at $0.0001197 with support at $0.0001175 and resistance at $0.0001214.
A break above 101 on DXY would shift structure higher, while rejection keeps price below key resistance.
The U.
CryptoNewsLand14m ago
PEPE Hovers at Critical $0.053414 Support as $432M Volume Surge Tightens Breakout Watch
PEPE is trading at $0.053416, just above support at $0.053414, with significant trading volume up 22.14%. Resistance is at $0.053676. Despite a slight decrease in price, there’s increased market activity, suggesting potential volatility.
CryptoNewsLand17m ago
Expert Claims Altcoin Metrics Are Being 'Gamed' to Mislead Investors
Crypto researcher Orbion raises concerns over the possible manipulation of key market indicators, including the Altseason Index and Crypto Fear and Greed Index, suggesting that inflated metrics create false optimism and mislead investors about the onset of altcoin season.
Coinpedia1h ago
XRP Holds $1.34 Support as $1.80–$2.00 Becomes 2025 Make-or-Break Zone
XRP is trading at $1.37 and its trading higher than the support of $1.34 but facing a heavy resistance at $1.38.
The critical structural pivot zone of $1.80-2.00 is the critical 2025 structural pivot.
March structure has the targets of $2.78 and 3.60, with anticipated
CryptoNewsLand1h ago
XRP Slides to $1.42 After Losing $1.80–$2 Neckline as $1.39 Support Faces Immediate Test
XRP dropped to less than the $1.80-2 neckline and a key support area became an overhead and the overall trend was altered.
The current short-term trading corridor is between the support and resistance of the asset which is between $1.39 and $1.47 respectively.
A price above $1.39 will
CryptoNewsLand1h ago
