The price of Sonic Crypto continues to monotheism despite the growth of the continuous ecosystem and the last investment. S TOKEN has been traded at $ 0.56 on Tuesday, where it remained in the past few weeks, and more than 50 % less than its highest levels in all time. It is the distinctive code for encryption in a cabbage spring ready to pounce.
Sonic from Fantom has been renamed
Sonic is the Blockchain platform that appeared from Fantom, one of the oldest chains in the encryption industry. Under the leadership of André Kronji, Sonic changed some of the restrictions that prevented Phantom from seeing strong growth at the time.
For example, Fantom was treated between 200 and 4,500 transactions per second (TPS), which are still faster than ETHEREUM and other popular chains. Sonic, on the other hand, is one of the fastest players in the encryption industry, as it deals between 10,000 and 370,000 transactions per second with a second final.
Sonic also changed the Fantom storage structure, by avoiding trees -like storage with a Carmen database. This step reduced storage needs by about 90 %, and low costs for fighters.
Sonic also brought more features, such as Sonic Gateway, Layer-2, the decentralized bridge to Ethereum, allowing the transfer of assets faster and safe. As a result, it now takes less than 10 minutes to transfer assets from Ethereum to Sonic.
One of the most important features made by Cronje is the fee liquefaction. This is a noticeable feature that allows developers to obtain up to 90 % of the transaction fees created by their DAPS. This developer approach has helped win millions of dollars so far.
Growth
These Sonic features helped grow to become one of the largest chains in the encryption market. Davi Lama Data shows that the network has achieved a total value of a TVL for more than $ 1.8 billion of assets.
This growth came from fixed networks like AAVE, Silo Finance, Bendle, and Shadow Exchang to the network. AAVE now has more than $ 436 million closed on the network, while Pendle has $ 134 million.
Stablecoins also flowed into Sonic, where the maximum market jumps to $ 540 million. The US dollar currency (USDC) has 91 % dominance in the network. Analysts expect that the maximum Sonic’s Stablecoin market will continue to rise in the coming months, and may reach one billion dollars.
Sonic has also become a famous player in the decentralized exchange (DeX). I dealt with more than $ 964 million in size in the past seven days, an increase of 22 % over the previous period. Sonic dealt with more than $ 3.2 billion in the last 30 days.
In comparison, Cardano, one of the largest chains in the encryption industry, dealt with 96.2 million dollars in the last 30 days. Cardano also has a total closed value (TVL) less than $ 500 million, although it includes the maximum market of more than $ 26 billion.
At the same time, Sonic has sold 10 million dollars for the best of the best players in the encryption industry. She hopes that investment will help her accelerate her business in the United States.
Sonic price analysis
The Daily Chart explains that the SS encryption price continues to unify it, and it is a sign that it is still in the price discovery phase. Her band in Bollinger continued to pressure, a sign that the bullish penetration may happen soon.
Moreover, the currency formed a reverse and shoulder head pattern, a popular reversal sign. Therefore, there is a possibility that the distinctive symbol will go in the coming weeks, with the next point for watching $ 0.9872, which is the highest swing in February this year.
Beyond prediction at Sonic: a cabbage spring is ready to pounce? First appeared on Invezz
