Sonic Labs surpasses 1m $S tokens distributed via Fee Monetization (FeeM) which lets builders earn 90% of the network fees they generate.

Sonic Labs has surpassed 1 million $S tokens distributed through its Fee Monetization (FeeM) program, a significant milestone for the EVM-compatible Layer-1 blockchain. The FeeM model allows developers to earn up to 90% of the network fees generated by their applications, mirroring Web2 ad-revenue models like YouTube but in a decentralized framework. This incentivizes developers to build high-quality, user-engaging apps, as their revenue is directly tied to the traffic and activity their apps drive on the Sonic network.

For context, when a user pays a gas fee in $S tokens for a transaction on a FeeM-participating app, 10% of the fee goes to network validators, while the remaining 90% is allocated to the FeeM contract (or "fee treasury"). Oracles monitor on-chain transactions to trace gas consumption, ensuring accurate distribution to developers based on their app’s activity. If an app does not participate in FeeM, 50% of the transaction fee is burned, and the rest is split between validators and the Ecosystem Vault, creating a deflationary mechanism for the $S token.

This milestone highlights Sonic’s developer-centric approach, apps have collectively earned significant $S tokens through FeeM, fostering a "meritocratic and symbiotic" relationship between developers and the network. The program’s success is further evidenced by its integration of key tokens like wS, USDC, USDT, WETH, and WBTC into the FeeM Vault, which captures 90% of fees from these contracts to support ecosystem growth, such as liquidity incentives and protocol integrations. Sonic’s high throughput (10,000+ TPS) and sub-second finality complement this model, making it an attractive platform for DeFi and Web3 innovation.#soniclabs $BTC #BTCBackto100K