Molly Buycoin
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Should we trade on the Sonic chain, how do we choose?
Should we trade on the Sonic chain, how do we choose?
Tonight, Binance Wallet announced the reward pool for trading on the Sonic chain. Since it was previously mentioned that there would be corresponding airdrops for the Sonic chain, I have been consistently trading, about 200 USD daily. Based on my past transactions on this chain, the typical transaction fee is around 0.4-0.8 USD, but after this announcement, the fees will definitely increase. So how do we determine if we can continue trading?
1. Firstly, the trading depth on the Sonic chain is very shallow, which leads to high slippage. As more people trade, the depth will deepen.
Tonight, Binance Wallet announced the reward pool for trading on the Sonic chain. Since it was previously mentioned that there would be corresponding airdrops for the Sonic chain, I have been consistently trading, about 200 USD daily. Based on my past transactions on this chain, the typical transaction fee is around 0.4-0.8 USD, but after this announcement, the fees will definitely increase. So how do we determine if we can continue trading?
1. Firstly, the trading depth on the Sonic chain is very shallow, which leads to high slippage. As more people trade, the depth will deepen.
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