This isn't just talk; I spent a lot of time understanding and creating this tutorial to clarify what Sonic SVM's asset issuance model looks like and how to layout future plans.
About a week ago, Sonic SVM's first graphical asset CHILL launched on-chain and rose over 15x at its peak.
To be honest, I didn't participate because I'm not familiar with this chain at all. I only know that this is a Solana L2. As for the specific model, what wallet to use, how to configure the network, and how to cross-chain, I could not say I know anything.
To help more people, I have also reviewed my own notes and wrote this article.
❚ What is Sonic SVM? How to configure it?
Currently, there are two public chains called Sonic: one is an EVM-compatible L1, and the other is today's protagonist, Sonic SVM @SonicSVM, which is an L2 on Solana. Therefore, the network gas is $SOL, and the address is the same as Solana.
I recommend using OKX Wallet or Backpack Wallet; in practice, Backpack is smoother.
❚ Deconstructing the asset issuance model
Sonic's asset issuance model is called 'Attention Capital Market.' The specific model has been illustrated in the chart, it's as simple as it can be.
- On-chain ignition: Assets are initially launched through Launchpad / IDO, forming a preliminary community and building seed valuation.
- On-chain graduation: When the asset reaches a certain level of activity and valuation standards, it enters free trading on @SegaSwap and deploys dual pools (SONIC & SOL).
- Cross-chain amplification: When on-chain data meets the standard (e.g., FDV ≥ $5M), automatically cross-chain to the Solana mainnet, launching on DEX like @JupiterExchange, leveraging more mature liquidity to amplify valuation.
❚ What targets can you follow?
Currently, the first asset on Sonic SVM, @chillonicNFT $Chill, has launched, with IDO returns close to 15x, successfully completing three phases, allowing trading on both the mainnet and Sonic SVM.
As you can see, because it spans across two public chains, L1 and L2, there are bound to be arbitrage opportunities. Also, as a graphical asset, it can switch between NFT and token forms.
In the future, there will also be $FOMO and $CHILLDOGE assets that will continue this launch path. You can follow this on Twitter: @Fomoney2048.
I can't guarantee profit, but through this article, I hope you thoroughly understand how Sonic SVM assets are issued. If it's useful, feel free to save it; no one can write it more clearly and in detail than I have.