The public chain landscape has once again entered a chaotic battle, this time with Sonic @SonicLabs

Earlier this year, I wrote an article about the public chain landscape, in which the Sonic chain was a prominent player. At that time, the on-chain leader was Shadow @ShadowOnSonic, led by AC, with $ANON as a key player (the founder is DeFi old god @danielesesta) making a strong push upwards.

I am relatively familiar with these two projects, so I will elaborate on both, starting with the first one that made it to Binance Alpha, Shadow @ShadowOnSonic.

1️⃣ Project Overview:

- ShadowOnSonic is the leading DEX on the Sonic chain, centered around the innovative x(3,3) mechanism and concentrated liquidity (CL v3), accounting for over 50% of the trading volume on the Sonic chain.

- Its native token $SHADOW and liquidity staking token $x33 drive the ecosystem, known for its high APR mining.

- In terms of background, it should belong to the top DEX supported by Andre Cronje @AndreCronjeTech. For a DeFi chain, DEX is also of utmost importance.

2️⃣ Mechanism Advantage Analysis

- x33 Mechanism:

-- $x33 Token: Generated by staking xSHADOW, it automatically optimizes voting and rewards compounding, enhancing the $x33:xSHADOW ratio weekly through transaction fees, voting incentives, and Rebase.

- xSHADOW Value: The core staking asset, holding it long-term enjoys 100% of protocol fees, voting rewards, and exit penalties, with value continuously compounding.

- Holder Benefits:

-- Weekly Rewards: xSHADOW holders receive protocol fees, voting incentives, and PvP Rebase rewards, generating over $7.23 million in fees within 30 days, surpassing the total of other projects on the Sonic chain.

-- This is because their trading volume is impressive, reaching $557 million in 7 days, with a single-day peak of $171 million, and TVL growing 13 times to $357 million.

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Additionally, Sonic chain's Chinese localization is the best among foreign public chains. Not only is their APAC very degen, but basically all top projects have a complete Chinese community, and founders also open Chinese accounts, which is something other public chains cannot achieve. For example, @bigdzhao is the Chinese account of @HeyAnonai's founder @danielesesta, and Shadow also has a Chinese community @ShadowOnSonicCN.