$SOL
Solana-based (SOL) Sonic SVM (not to be confused with Sonic, formerly Fantom) is making a key change to its tokenomics. On Monday, May 19, in a press release shared with crypto.news, Sonic SVM announced an overhaul to its token burn model. Under the new mechanism, 50% of all transaction fees will be used to buy SONIC tokens on the open market.