Odaily Planet Daily reports that the original Fantom team’s Layer 1 public chain Sonic states that it plans to promote the upgrade of the native token S’s value accumulation mechanism through self-built and acquired core protocol applications and infrastructure, and hints at potential mergers and acquisitions in the future.
In a recent statement, Sonic Labs pointed out that the team will focus on key infrastructure that intersects token utility, liquidity, and use cases, reducing value outflow from the ecosystem application layer through internalization and commercialization of core economic activities. At the same time, Sonic will remain open and permissionless for developers.
The team stated that the previous model relying on “user growth—transaction increase—gas consumption rise—token value recirculation” has become unsustainable. With the development of Rollups, modular architectures, and high-performance public chains, the increase in blockchain space supply has led to continuous compression of transaction fees, and relying solely on gas revenue is no longer sufficient to support long-term value for Layer 1.
Sonic is an EVM-compatible high-performance public chain aiming to achieve near-instant confirmation and extremely high throughput. It is currently attempting to reshape the value capture path of Layer 1 through deeper ecosystem integration.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Clarity Act ‘not a gatekeeper’ for crypto innovation, WisdomTree exec says
WisdomTree believes that pending U.S. crypto legislation, like the Clarity Act, won't hinder its innovation in digital assets. The company has a history of early involvement in crypto and aims to enhance regulated investment products on blockchain, focusing on tokenized assets.
CoinDesk1h ago
Cardano Price Near $0.245 Level as Market Momentum Weakens
Cardano's price is stabilizing around the $0.245 support level amid market consolidation and declining momentum. The inability to break resistance at $0.268 raises concerns about upward strength. Meanwhile, development of the new node version 10.7.0 is in testing, promising enhancements for the ecosystem.
CryptoNewsLand1h ago
Tether's USAT Stablecoin Expands Beyond Ethereum Mainnet to Celo
In brief
Tether’s USAT stablecoin has launched on the Celo blockchain, its first expansion beyond Ethereum.
Google Cloud provides infrastructure support for the stablecoin's distribution system.
A privacy-preserving faucet allows verified users to access USAT tokens through
Decrypt2h ago
Ripple Prime Unlocks Onchain Commodities Trading
Ripple Prime has integrated with Hyperliquid to offer onchain commodity perpetual contracts, allowing institutions to manage diverse assets within a unified margin system, enhancing efficiency in portfolio management and bridging traditional finance with DeFi.
CryptoFrontNews3h ago
Pi Network’s First Big Post–Pi Day Announcement Leaves Pioneers Unimpressed
It has been two weeks since the conclusion of the much-anticipated Pi Day (March 14), in which the Core Team behind Pi Network announced some major updates and progress on key infrastructure developments.
One of those garnered the community’s attention, as many of them have been waiting for a
CryptoPotato3h ago
Encryption Supremacy: Zcash and Privacy in the Age of Scale
The essay discusses advancements in machine learning for Bitcoin transaction classification, highlights Zcash's increasing use of shielded transactions, and outlines the growth of decentralized liquidity in bypassing KYC. It also covers Zcash's post-quantum initiatives and its recent organizational restructuring.
CoinDesk4h ago