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We are Listing Sonic SVM (SONIC)

January 13, 2025
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2 min

Sonic SVM is the first Solana Virtual Machine (SVM) extension. It introduces the Sonic HyperGrid Framework, a system for managing optimistic rollups, to enhance scalability and efficiency. This allows for high transaction speeds, low costs, and near-instantaneous state synchronization, making it ideal for demanding applications like gaming. 

Notably, Sonic SVM hosts SonicX, a tap-to-earn game integrated directly into TikTok, aiming to bring millions of Web2 users into the Solana ecosystem.

What is the SONIC token?

The SONIC token serves multiple purposes within the Sonic ecosystem:

  • Payment Currency: SONIC functions as the primary currency within the Sonic SVM network. It can be used for transactions, purchases, and accessing various services.
  • Staking Rewards: Users can stake their SONIC tokens to contribute to the security and growth of the network. 
  • Governance: SONIC token holders can participate in governance decisions related to the Sonic ecosystem, including proposals and upgrades.
  • HyperGrid Ecosystem: SONIC plays a crucial role in the Sonic HyperGrid, a network of interconnected SVMs. Validators in the HyperGrid are required to stake SONIC, and users can delegate their tokens to validators to earn rewards.

Here are some of the key aspects you should consider:

  • Trading Volume (24h): The trading volume of SONIC in the past 24 hours is $231,395,306.
  • Self-reported Circulating Supply: The self-reported circulating supply of SONIC is 360,000,000 tokens.
  • Total Supply: The total supply of SONIC is 2,400,000,000 tokens.

Trade SONIC

Join the Sonic SVM ecosystem! To do so, head over to our trading page and secure your share of SONIC tokens.

Risk Disclosure Statement

The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Tothemoon may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Katya V.

Katya is one of Tothemoon's skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.