Sonic SVM (SONIC) Price

$0.20

Sonic SVM (SONIC) Price Today

The live price of Sonic SVM is $0.20 USD. In the past 24 hours, the trading volume of Sonic SVM was $20.9M USD, with a change of +0.21%. The current live price of Sonic SVM has changed by -12.63% from its 7-day high of $0.23 USD and by +1.24% from its 7-day low of $0.20 USD. With a circulating supply of $2,400,000,000.00 SONIC, the market cap of Sonic SVM is currently $482.7M USD, marking a 0% change in the last 24 hours. Sonic SVM currently ranks 3224 by market capitalization.

Sonic SVM (SONIC) Market Data

Market Cap

$486.6M

24h Volume

$20.9M

Circulating Supply

2.4B SONIC

Maximum Supply

Fully Diluted Market Cap

$486.2M

Liquidity Indicator

4.30%

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About Sonic SVM (SONIC)

What is Sonic SVM: Transforming Gaming on Solana

Sonic SVM is making waves in the blockchain and gaming world as the first Solana Layer 2 solution, leveraging HyperGrid—the Solana Virtual Machine (SVM) horizontal scaling framework. Designed to empower sovereign game economies, Sonic promises to redefine the boundaries of decentralized gaming, offering unparalleled speed, scalability, and interoperability.

Learn more about Top Solana Virtual Machine (SVM) Projects in our comprehensive guide.

How Does Sonic SVM Work?

Sonic SVM is built to optimize gaming experiences on Solana, introducing the HyperGrid framework for concurrent scaling. This framework allows Sonic to function as an atomic SVM chain, capable of rolling up and settling transactions on Solana while maintaining composability.

Key features include:

Lightning Speed and Cost Efficiency: Sonic outpaces other gaming L1s with its rapid transaction processing and low costs.

Atomic Interoperability: Developers can execute transactions without redeploying Solana programs or accounts, benefiting from Solana's liquidity and services.

EVM Compatibility: HyperGrid enables seamless deployment of dApps from Ethereum-compatible chains to Solana.

Composable Gaming Primitives: Sonic offers developers an ecosystem with native gaming primitives, extensible data types, and sandbox tools to build on-chain business logic.

Sonic’s vision focuses on creating high-performance decentralized gaming, distinct from traditional trading experiences, and unlocking innovative opportunities for developers and players alike.

Sonic SVM Founding Team

Sonic’s development is spearheaded by a passionate and skilled team:

Chris Zhu: Co-founder and CEO, guiding Sonic’s strategic direction.

Kinsa Durst: Chief Marketing Officer, overseeing brand and community engagement.

Arif Kazi: Head of Business Development, fostering partnerships and expanding the ecosystem.

This dedicated team also designed the Sonic Web3 app to simplify onboarding for non-crypto users, offering features like TikTok login integration to make blockchain gaming accessible to billions.

Sonic SVM Tokenomics

The $SONIC token is the backbone of Sonic SVM, designed to power the ecosystem’s long-term growth and decentralization. With a total supply of 2.4 billion tokens, $SONIC’s distribution prioritizes community engagement, ecosystem development, and network security:

Ecosystem & Community (30%): Supporting game studios and dApp developers with grants tied to development milestones.

Sonic HyperGrid Rewards (20%): Incentivizing validators and node operators to secure the network and maintain performance.

Initial Claims (7%): Exclusive airdrops for early supporters, contributors, and node holders.

Early Supporters (8%) and Investors (15%): Allocations with vesting schedules to ensure long-term commitment.

Foundation (20%): Reserved for key team members and advisors with an 18-month cliff and gradual vesting.

Token utility includes payment, staking rewards, governance participation, and validator delegation. Validators and delegators also contribute to the HyperGrid Shared Sequencer Network (HSSN), ensuring seamless operation.

With the $SONIC Token Generation Event (TGE) scheduled for January 7, 2025, Sonic SVM is set to enter the spotlight. Early supporters can check eligibility for initial claims starting January 3 and participate in staking and trading on launch day. Sonic’s ambitious roadmap positions it as a trailblazer in Web3 gaming, making it a project worth watching.

Is Sonic SVM a Good Investment?

Sonic SVM presents a unique investment opportunity, bolstered by a strong technological foundation and solid financial backing. With a recent $12 million Series A round, totaling $16 million raised so far, Sonic is well-positioned to scale its platform and expand the Solana gaming ecosystem. The funds will support developer incentives, grant programs, and the implementation of Sonic's HyperGrid framework, all of which could help Sonic capture a substantial share of the Web3 gaming market.

However, investors should closely consider Sonic’s tokenomics and the potential for its Fully Diluted Valuation (FDV). With a total supply of 2.4 billion $SONIC tokens, the FDV will play a key role in understanding the long-term market dynamics. While the token’s early distribution and gradual release through staking and rewards help manage inflation, its future value depends on the platform’s success in attracting developers and users. Sonic's focus on scalability and ease of use, combined with its integration with Solana’s growing user base, presents substantial growth potential, but only if it can differentiate itself in a competitive market.

That said, Sonic’s investment outlook comes with its risks, primarily related to the volatility and competition within both the gaming and blockchain spaces. Sonic must maintain developer engagement, build network effects, and continuously prove its value proposition. While the project has strong financial and technical support, prospective investors should carefully weigh these factors before committing, balancing potential rewards with the inherent risks of an emerging market.

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Sonic SVM (SONIC) Price Converter

SONIC to USD

1 SONIC = $ 0.20

SONIC to VND

1 SONIC = ₫ 5,289.62

SONIC to EUR

1 SONIC = € 0.17

SONIC to TWD

1 SONIC = NT$ 5.98

SONIC to IDR

1 SONIC = Rp 3,312.45

SONIC to PLN

1 SONIC = zł 0.75

SONIC to UZS

1 SONIC = so'm 2,575.75

SONIC to JPY

1 SONIC = ￥ 29.30

SONIC to RUB

1 SONIC = ₽ 15.87

SONIC to TRY

1 SONIC = ₺ 8.01

SONIC to THB

1 SONIC = ฿ 6.61

SONIC to UAH

1 SONIC = ₴ 8.44

SONIC to SAR

1 SONIC = ر.س 0.76

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By accessing and using this platform, you agree to comply with our Terms of Use.

For more detailed information, please refer to our Risk Disclosure Statement.