How to find a balance between performance, developer incentives, and user experience?

Let's talk about the dark horse Sonic👇

Sonic has launched a 1-2 year points program, which will airdrop approximately 200 million $S tokens. Users can earn points by holding Sonic tokens and using them in DeFi applications on the network, which can be redeemed for free S tokens at the end of each season. This token-incentivized points program has been seen in similar forms in other projects, but it is indeed useful and can motivate users to participate, injecting continuous vitality into the ecosystem.

Speaking of the Sonic ecosystem, they have already settled in DeFi applications including well-known ones like Aave, Silo, Euler, Avalon, Shadow, SwapX, Ichi, Beets, Beefy, and Origin.

A new paradise for developers: FeeM and Account Abstraction

The ability of Sonic to attract developers is the key to its success. From my observation, they have put a lot of effort into this aspect by launching the Fee Monetization (FeeM) feature. Simply put, developers can share up to 90% of the revenue generated from network fees from the applications they build on Sonic. This not only provides developers with a stable source of income but also completely changes the traditional model of 'application chains'. In the past, if developers wanted to launch their own chain, they had to bear high infrastructure and maintenance costs and face the complexities of cross-chain interoperability. Sonic provides a one-stop infrastructure that allows developers to focus on innovation without worrying about technical details. Additionally, from the developers' perspective: it is easy to migrate applications from the Ethereum ecosystem to Sonic, which can handle over 10,000 transactions per second, with transaction confirmation times of about one second. But what makes Sonic special is that it is not only fast but also provides more flexibility and incentives for developers and users.

From the user experience perspective:

It introduced native Account Abstraction to make interactions more aligned with Web2 user habits. Moreover, they have fee subsidies and a dynamic fee mechanism; fee subsidies allow Sonic Labs or protocol parties to pay transaction fees for users, significantly lowering the entry barrier for new users, meaning you don’t even need to purchase tokens first to start using Sonic. The dynamic fees allow application developers to adjust user transaction fees based on specific scenarios, truly achieving 'tailored solutions'.

Sonic still has a long way to go. From current observations, what they are doing is becoming a bridge connecting Web2 and Web3 through continuous innovation and ecosystem building, allowing more people to easily enter the decentralized world. Speed, cost, and user experience are eternal themes, and what we users hope to see is that the project team can take actual actions to prove this.