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Crypto News

Limbing to penetrate with the growth of the Defi ecosystem

Sonic Price has long been fixed in the past few days with the growth of Steam’s ecological system. The distinguished code for S was traded at $ 0.50 on Tuesday, an increase of 35 % over its lowest level this month, giving it the maximum market for more than $ 1.47 billion.

Voice ecosystems growth continues


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Sonic, a recently rename Blockchain network, has become one of the fastest growing players in the encryption industry.

It was renamed by Fantom, a network linked to Andre Kronje, one of the most popular developers. Kronje currently leads Sonic Labs and is known for being a Farnance creator, a better play

Sonic has become common among developers and users in the past few months. This popularity is mostly due to the largely low graphics of other layer chains.

Sonic also presented an innovative program to transfer the fees that the developers’ reward. This model restores about 90 % of all fees that their application generates on the chain, with 10 % remaining to auditors.

This model helped him attract developers on the network. I attracted 116 developers in the Defi industry, with Total closed value (TVL) rises by 24 % in the last 30 days to one billion dollars.

Defi Dapps on Sonic Blockchain is more than other networks that have been present for years. For example, at Tron 35 DAPS only, while SUI and Aptos have less than 60 each. Cardano, one of the largest players in the encryption industry, has 45 applications. The best DAPPS on Sonic Blockchain is AAVE, Small Financing, Beets, Veda, and Pendle.

Read more: Top Cryptocurrencys to watch: Sonic, XRP, Cardano, Solana

More data shows that Sonic growth is accelerating. For example, it contains more than $ 543 million in Stablecoins, most of which are state currency. This makes it a higher chain in the Usdc version, which is a noticeable achievement since its launch a few months ago.

At the same time, the number of transactions on Sonic jumped to more than 852 thousand, up from 358 thousand at the lowest point in March.

Voice Price Analysis: Is it a safe purchase?


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Sonic Token’s performance reduced the market even after the growth of the strong ecosystems. One of the reasons for this is that current holders expect that they will be very diluted in the coming months.

This is because Sonic Firing With 3.175 million icons supplies. This offer will increase by 6 % in June, as the newly distinguished symbols will go to Fantom Opera and Sonic. This Airdrop will have a burning mechanism that will reduce the number of supply over time.

The developers will also make additional symbol technology this year, as the new funds are heading towards the development of the team and marketing and the increase of S. Sonic Will Mint 47625,000 symbols annually for six years. Warning is that Sonic will burn any unused symbols during the year.

Voice prices analysis


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Voice price
Price scheme source: Tradingvief

The four -hour graph shows that the price of the distinctive audio symbol has wore a little in the past few days. This recovery occurred after the bottom of the distinctive symbol reached $ 0.3803 earlier this month.

Sonic formed a dual -bottom style at $ 0.4088, and CELELINE at $ 0.6327, the highest level on March 26. The distinctive code has moved a little higher than the moving average 50 points and a style of bullish science. It also formed a small inverse head and shoulder.

Therefore, the audio price is likely to have a strong upward outbreak, with the next point to see it at $ 0.6327, an increase of 23 % of the current level. The decrease without support at $ 0.50 will nullify the upcoming expectations.

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