Binance $BNB has officially announced its support for Sonic Chain, the new blockchain network that has evolved from what was formerly known as Fantom (FTM). With this announcement, Binance Wallet now integrates Sonic Chain and opens doors to a brand-new ecosystem for its users.
Airdrop Announcement
Binance $BNB
also revealed plans to airdrop “S” coins and other Sonic ecosystem tokens to eligible users. These will be distributed to those actively engaging with Sonic Chain through Binance Alpha or Binance Wallet. While the full details of the campaign are still under wraps, Binance has confirmed that all qualifying transactions done via the Alpha platform or Binance Wallet will be considered for the airdrop.
To access Sonic Chain, simply go to:
Binance App → Markets → Alpha → Sonic
Performance and Concerns
Despite the hype, Sonic's performance has been far from ideal. Since transitioning from Fantom, Sonic has lost nearly 30% of its value, raising concerns among early adopters and long-term FTM holders. Many had high expectations following the rebrand and upgrade, but the sharp price drop has cast doubt on the project’s short-term stability.
Who’s Behind Sonic?
Andre Cronje,the well-known developer often referred to as the “father of DeFi,” continues to lead this $1.65 billion project. His involvement adds a layer of credibility and vision to Sonic Chain, and many in the crypto community are still optimistic about the long-term potential despite the rocky start.