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Latest news about Sonic svm token
Sonic SVM ($SONIC) is a token powering the Sonic SVM ecosystem, which is built on Solana and focused on gaming and applications. The token is designed to support the long-term growth of Sonic SVM and its Multi-SVM ecosystem, leveraging the Sonic HyperGrid framework for high-speed transactions and scalability1.
Currently, the price of Sonic SVM is around $0.2956, with a 24-hour trading volume of $55.67 million. The market cap stands at $106.23 million, and the token has a total supply of 2.4 billion SONIC. The price has fluctuated between $0.2777 and $0.2988 in the past 24 hours.
The Sonic Foundation has announced that 15% of the total supply will enter circulation at the Token Generation Event (TGE), with 57% allocated to community incentives and ecosystem development. The project has also secured partnerships with over 20 ecosystem partners and 10 gaming studios, including Backpack, OKX Wallet, Metaplex, and Rage Effect.
If you're looking for more details, you can check out the latest updates here and here. Let me know if you need a deeper dive into any aspect!
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Latent news about sonic evm token
Here are some of the latest updates on Sonic EVM:
Sonic Labs Secures $10M Funding: Sonic Labs recently completed a $10 million strategic sale of its S token to Galaxy, a global leader in digital assets. This funding aims to expand Sonic’s presence in the U.S. market and strengthen its DeFi ecosystem2.
Sonic Summit Highlights: The Sonic Summit, held in Vienna from May 6-8, showcased advancements in Sonic’s high-throughput, EVM-compatible blockchain. Discussions focused on sub-second transaction finality, dApp scalability, and potential partnerships.
Sonic’s Innovations in DeFi: A new report explores how Sonic improves upon Fantom’s previous model, introducing SonicVM, which enhances execution speed and efficiency while maintaining full EVM compatibility
