Sonic
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Sonic in numbers
Sonic (S) ranks #170 by market capitalization, at $129.88M. It belongs to the Networks sector (Layer-1). It has traded since Jul 20, 2023, with $22.52M of volume in the last 24 hours. Its all-time high of $1.19 was reached on Dec 24, 2024; the current price is 96.8% below that peak. Its cycle low of $0.0191025 came on Jun 25, 2026.
3.89B S are in circulation. 11 investors are recorded as backers, including HASHED, Galaxy Ventures, Signum Capital. Development data lists 7 core developers and 11,264 code commits.
About Sonic
Sonic is an EVM layer-1 blockchain platform that evolved from the Fantom, focusing on high performance and scalability for decentralized applications. The platform supports a native token called S, which is utilized for transaction fees, staking, governance, and running validators. Users holding the previous FTM token will be able to convert it to S at a 1:1 ratio upon the launch of the new network.
Background
Sonic Labs has achieved several key milestones in its development as it transitions from the Fantom project to a new layer-1 blockchain known as Sonic Chain.