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At the beginning of 2025, optimism in the U.S. stock market propelled the S&P 500 to new highs, while the cryptocurrency market faced downward pressure and volatility, particularly in the meme coin market. Against this backdrop, Sonic ($S) stood out with price increases and technological upgrades, becoming a focus of the market. This article will delve into the fundamental factors behind its countertrend rise.
1. $S Price Performance
Price Increase: Despite the overall downturn in the cryptocurrency market, the price of $S has remained stable with upward movements, demonstrating strong market confidence in it.
Technological Upgrades: The transition from Fantom to Sonic not only enhanced performance but also optimized storage and virtual machine systems, further bolstering scalability.
2. Key Features
High Performance: Capable of processing over 10,000 transactions per second, suitable for high-demand applications.
Interoperability: Seamless interaction between different blockchains.
Developer Incentives: Attracting developers and fostering innovation.
1. On-Chain Internal Optimization
Storage Upgrade: The Carmen project adopted a new file-based StateDB to optimize storage efficiency.
Virtual Machine Upgrade: The Tosca project introduced FVM, improving transaction speed and reducing storage occupancy.
Bottleneck Analysis: The Aida project identified storage as the primary bottleneck and targeted optimizations were made.
2. Off-Chain Optimization
Sonic Gateway: A decentralized cross-chain bridge enhancing interoperability and eliminating custody risks.
Core Features: Secure transfer of ERC-20 assets, fast transfer experience, built-in fault protection mechanisms.
User Benefits: Access to native assets without relying on wrapped assets.
1. TVL Growth
Data Performance: According to DefiLlama, Sonic's TVL has grown by 180% in the past month, ranking 16th overall.
Market Confidence: The significant growth in TVL reflects market confidence and a significant influx of funds.
2. Ecosystem Expansion
Fund Inflows: Continuous market fund inflows into the Sonic ecosystem have strengthened its competitive position in the industry.
User Engagement: The momentum of platform development and increased user engagement have accelerated ecological growth.
1. Transaction Volume Growth
Peak Transaction Volume: On January 13, 2025, a peak of 975,252 transactions was reached, indicating market activity.
Volatile Growth: Transaction volume remained relatively high with fluctuations, increasing market activity.
2. Gas Usage
Active Growth Period: Experienced active growth from December to January, peaking in mid-January.
Maintained High Levels: From February onwards, Gas usage fluctuated but remained at relatively high levels.
3. Price Support
Suppressed by Moving Averages: Since the beginning of the year, the price of $S has been suppressed by moving averages, failing to fully reflect fundamental improvements.
Recovery Trend: Starting on February 8, the price ended its downward trend and began to recover, but it is still far below its historical high.
Future Movement: If it can maintain above the support level of $0.57 and steadily rise, the subsequent trend is expected to strengthen further.
Since its renaming from Fantom, Sonic has demonstrated robust development momentum. TVL has grown significantly, on-chain data activity has increased, and the ecosystem has expanded rapidly. Although the price of $S has not fully reflected positive fundamentals, as market attention increases and technology continues to improve, the price is expected to rise further. Investors should closely monitor market dynamics and on-chain data to seize potential upside opportunities.
At the beginning of 2025, optimism in the U.S. stock market propelled the S&P 500 to new highs, while the cryptocurrency market faced downward pressure and volatility, particularly in the meme coin market. Against this backdrop, Sonic ($S) stood out with price increases and technological upgrades, becoming a focus of the market. This article will delve into the fundamental factors behind its countertrend rise.
1. $S Price Performance
Price Increase: Despite the overall downturn in the cryptocurrency market, the price of $S has remained stable with upward movements, demonstrating strong market confidence in it.
Technological Upgrades: The transition from Fantom to Sonic not only enhanced performance but also optimized storage and virtual machine systems, further bolstering scalability.
2. Key Features
High Performance: Capable of processing over 10,000 transactions per second, suitable for high-demand applications.
Interoperability: Seamless interaction between different blockchains.
Developer Incentives: Attracting developers and fostering innovation.
1. On-Chain Internal Optimization
Storage Upgrade: The Carmen project adopted a new file-based StateDB to optimize storage efficiency.
Virtual Machine Upgrade: The Tosca project introduced FVM, improving transaction speed and reducing storage occupancy.
Bottleneck Analysis: The Aida project identified storage as the primary bottleneck and targeted optimizations were made.
2. Off-Chain Optimization
Sonic Gateway: A decentralized cross-chain bridge enhancing interoperability and eliminating custody risks.
Core Features: Secure transfer of ERC-20 assets, fast transfer experience, built-in fault protection mechanisms.
User Benefits: Access to native assets without relying on wrapped assets.
1. TVL Growth
Data Performance: According to DefiLlama, Sonic's TVL has grown by 180% in the past month, ranking 16th overall.
Market Confidence: The significant growth in TVL reflects market confidence and a significant influx of funds.
2. Ecosystem Expansion
Fund Inflows: Continuous market fund inflows into the Sonic ecosystem have strengthened its competitive position in the industry.
User Engagement: The momentum of platform development and increased user engagement have accelerated ecological growth.
1. Transaction Volume Growth
Peak Transaction Volume: On January 13, 2025, a peak of 975,252 transactions was reached, indicating market activity.
Volatile Growth: Transaction volume remained relatively high with fluctuations, increasing market activity.
2. Gas Usage
Active Growth Period: Experienced active growth from December to January, peaking in mid-January.
Maintained High Levels: From February onwards, Gas usage fluctuated but remained at relatively high levels.
3. Price Support
Suppressed by Moving Averages: Since the beginning of the year, the price of $S has been suppressed by moving averages, failing to fully reflect fundamental improvements.
Recovery Trend: Starting on February 8, the price ended its downward trend and began to recover, but it is still far below its historical high.
Future Movement: If it can maintain above the support level of $0.57 and steadily rise, the subsequent trend is expected to strengthen further.
Since its renaming from Fantom, Sonic has demonstrated robust development momentum. TVL has grown significantly, on-chain data activity has increased, and the ecosystem has expanded rapidly. Although the price of $S has not fully reflected positive fundamentals, as market attention increases and technology continues to improve, the price is expected to rise further. Investors should closely monitor market dynamics and on-chain data to seize potential upside opportunities.
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