Supported by Circle's crosschain forwarding service for Bridge Kit and Circle Gateway, enabling automated destination-chain execution for crosschain transfers.

DEX volume is mostly $1-2 million per day.

Launching FeeM model where developers keep 90% of fees with the remainder burned, and ecosystem revenue is redirected back to the S token.

Achieved total value locked (TVL) of approximately $450 million including staked S tokens, with pure DeFi TVL at approximately $40 million.

Reached a peak of 84.6k active addresses in 2025, with daily active addresses ranging between 8,000 and 11,000.

Will soon launch Spawn, an AI chatbot for building dApps via natural language.

CEO Mitchell Demeter and Head of Business Evan Owens left on February 20, 2026.

Deployed a points campaign that incentivized dApp deployment rather than general TVL or user activity.

Flying Tulip has no team tokens unlocked at TGE and no pre-mine.

Flying Tulip, a new on-chain exchange protocol for trading, perps, lending, stablecoins and multiple markets, is built by the Sonic and Yearn teams with Andre Cronje.

$S token is available on over a dozen exchanges worldwide.

Phases out airdrops and low-efficiency incentive programs as part of shift to sustainable value capture model.

Deploys Flying Tulip contracts on Ethereum, Sonic, Binance Smart Chain, Avalanche, and Base, with expansions under review for Hyperliquid, MegaETH, and Monad. Stargate supports bridging FT token between Sonic, Ethereum, BNB, Avalanche, and Base.

Flying Tulip implements a programmatic 10-cent floor price mechanism where depositors can either withdraw FT tokens if above 10 cents or refund at 10 cents, with refund collateral used for buybacks if market price falls below the floor.

Flying Tulip public sale begins February 16, 2026, with deposits capped at $1 billion deployed into Aave for yield generation, featuring 100% unlock at TGE, a built-in perpetual put option, and 100% principal protection via on-chain refunds.

Listed on Bitstamp by Robinhood for trading in the US on 2026-02-09.

Generated $10.1K in revenue over the last 30 days according to DefiLlama data.

Integrated with thirdweb to enable x402 payment support for API monetization on the network.

Ammalgam announced mainnet dapp launch on Sonic and Ethereum.

Minted 190,500,000 S tokens for airdrops and ecosystem incentives on June 19th, 2025, following a community governance vote.

Launched an 8-day Christmas promotional campaign awarding daily cash prizes starting with $750 USDC on Day 1, with prizes increasing over the duration ending on December 25, 2025.

Sonic ranks 7th among blockchain ecosystems by mindshare in 2025 with 2.29%, placing ahead of Cardano, Bittensor, Hyperliquid, and other major chains in the top 20.

Sonic implemented censorship interventions following a Balancer hack, similar to security measures taken by Berachain and Gnosis Chain to freeze compromised funds.

Project falls out of CoinGecko top 200 rankings. Team restructuring underway with staff departures and demotions.

Partnership with HackQuest launches an 8-phase educational course covering Solidity basics, smart contract deployment, and guided project building for developers.

Evan Owens joins as Director of Business Development with 15 years of experience as founder, investor, and operator to expand strategic partnerships and accelerate ecosystem growth.

Rango Exchange launches CCTP support with Sonic as a supported chain, enabling native crosschain USDC transfers without wrapped tokens across 11 blockchains.

Whales accumulate with over $1.5M in premium on September 18 $15 call options.

Partnership with Brooklyn College Computer Science Club announced for blockchain developer incubation program on the platform.

Participates as partner in Solana Consumer Day event with multiple Solana ecosystem projects including Meteora, Ether.fi, and soon_svm.

Integration with Envio Indexer goes live, providing developers with faster and more reliable access to real-time and historical on-chain data.

Sonic Labs integration goes live on RocketX platform enabling cross-chain swap functionality.

$S token achieves fastest deposit speeds on Infinex platform, with Infinex running a giveaway campaign of 150 crates containing INX vouchers (pre-TGE) and NFTs targeting 15 winners.

Silo lending protocol reports 40% capital utilization on Sonic across its isolated lending markets.

Sonic plans fee-model changes and on-chain token burns to drive value to token holders.

Pectra update v2.1.2 launches, enabling EOA wallets to upgrade to smart wallets.

Upbit exchange suspends all deposits and withdrawals after $36.8M hack of Solana-network assets on Nov 27, 2025 at 04:42 KST, with SONIC among 24 affected tokens transferred to unknown external wallet.

Season 2 Airdrop is live and users can claim NFTs through PaintSwap.

Completed a $1 billion funding raise.

Flying Tulip public sale requires participants to score 10/10 on a FT PUTs mechanics quiz to receive a Sonic-issued NFT proof that grants participation rights at standard evaluation.

Flying Tulip TGE expected year-end, with ftUSD stablecoin and Margin Lending launching first, followed by spot trading, leveraged spot, and Total Return Swaps.

CEO stepped down, senior leadership positions shifted, CoinGecko ranking dropped to #179. Experienced community drama and governance contention in February 2026.

SonicLabs attempts to freeze tokens following an apparent security incident but the freeze fails to work, with tokens remaining lost.

Confirmed repayments tied to xUSD/Stream total $2.13M across Sonic ($88,169), Avalanche ($557k), and Arbitrum ($1.49M) with additional updates expected.

USDC market cap on the blockchain grows 86.1% in 30 days, ranking third fastest among all chains for stablecoin deployment.

Sonic blockchain hosts first builder discussion with TheHedgehog_io about onchain prediction markets in a livestream scheduled for 12PM PST.

S token becomes deflationary through fee burning mechanism with rewards for builders and validators, plus new developer incentive proposals from Sonic Labs.

ChainGPT launches $70k grant via Buzz to fund campaigns and top builders, while all nodes upgrade to v2.1.2 with fee subsidies and Pectra-ready setup. Hyperlane integrates Circle's CCTP V2 to enable USDC liquidity rebalancing across supported chains.

New strategic initiatives include ETF-related programs, DAT roll out, GMSonic as an educational hub, and a tiered builder rewards system ranging from 15-90%.

Shifts value capture from gas fees to S token, directing trading fees, protocol income, and application revenues to S token holders and ecosystem builders. Funds S token buybacks with protocol revenue from vertically integrated DeFi products including trading, lending, liquidity, stablecoins, and staking.

Deploys Fee Monetization mechanism that burns 90% of transaction fees, allocates 10% to validators, and recycles gas fees for user onboarding and micro-customer acquisition cost programs; NYC office opens.

Mitchell Demeter releases his first CEO update outlining the next phase for the ecosystem with focus on stronger fundamentals and clear communication.

A wallet adds Sonic network support, enabling users to explore Dapps and manage assets on the network.

$S token pumped 40% in 24 hours.

$S declined 90% to $0.12 and TVL collapsed, while Binance delisted $FTM without clarifying the migration path to $S.

Round 2 (1st dash) rewards are now live, distributing 300,000 $S tokens to the top 250 creators.

Staking $AMPED currently provides 282% APR returns within the ecosystem.

Transactions increased 101% this week with $123M in DEX volume, $0.003 gas fees, and 90% revenue share to developers.

Sonic now supports zero-slippage USDC bridging through Hyperlane Nexus integration alongside 14+ other chains including Arbitrum, Avalanche, Base, Ethereum, and Polygon.

Stream Finance disclosed a $93M shortfall on November 4 causing XUSD to collapse to $0.28 and creating approximately $285M in bad debt across DeFi lending platforms. Sonic hosted leveraged positions as one of the affected lending platforms in the XUSD ecosystem.

Approximately 13 million (92%) of Mithras scUSD is borrowed by xUSD collateral on Silo and Euler platforms. The token operates through a multi-layer rehypothecation structure: eliteRingsScUSD backed by veUSD, backed by locked stkscUSD, backed by staked scUSD rehypothecated to Mithras.

Balancer exploit total reaches $128M across multiple chains with Sonic losing $3.4M from its liquidity pools.

Sonic added new functionality to freeze and zero out account balances in response to the Balancer hack.

Sonic froze the Balancer attacker's wallet in emergency response without halting the chain, Stream Finance's xUSD depegged materially below its target range, and wOS exhausted liquidity on the network.

Mainnet upgrade for Pectra compatibility scheduled for November 3, 2025.

Balancer experiences a hack of approximately $110M across multiple chains including Sonic, affecting only Balancer V2, with warnings issued for users to exit Balancer forks immediately.

Sonic is among 24 chains with Chainlink standard integrations this week, with 62 total integrations across 8 Chainlink services.

The second season airdrop and Kaito program conclude, with claims launching once point aggregation and individual user rewards are calculated.

Liquidity pools on Beethoven X contain hidden exposure chains, with USDC deposits routed to Silo Finance where 95% of collateralization is concentrated in xUSD.

Integration with Solv Protocol enables BTC to flow seamlessly into the ecosystem for DeFi activities including yield generation and lending through the SAL layer.

Mandatory node upgrade to v2.1.2 required within 2 days, introducing native fee subsidies and security improvements. Full mainnet transition to Pectra compatibility scheduled for November 3rd, 2025, 15:00 CET.

A new CEO adds over 30M $S to the treasury while transaction activity surges across the past two weeks.

Total app revenue reaches $2.3M $S with 230 active apps and 17K+ active contracts deployed on the network.

TVL reaches $1B+ with 150+ live apps deployed on the network. Native USDC integration completed via Circle's Cross-Chain Transfer Protocol (CCTP) and formal verification library open-sourced.

Flash Rewards staking program launches with 6% p.a. returns, 14-day lockup, limited to 1.5M S total allocations, running October 30 to November 13, 2025.

Validator nodes operated by sonic_strategy produced 760,000 SONIC tokens since September 16, with network exposure at 171M SONIC (increase of 3M) and 3.56 SONIC per share.

USDC issued on the network reaches $162.7M, up 40% this month and 20% in the past week.

MegaETH Labs conducts an ICO on the Echo/Sonic platform with public participation that reduces VC ownership allocation.

Season 1 airdrop tokens complete 3-month vesting period and are now fully unlocked for redemption by eligible depositors.

Mitchell Demeter appointed as CEO of SonicLabs.

Kraken exchange supports Sonic USDC for fiat on/off ramp functionality.

The network's fee distribution system shows over $814K claimed by participants from actual on-chain activity.

Sonic is integrated into Velvet_Capital app as a supported chain for memecoin swapping alongside BASE, ETH, BNB, and SOL.

40% of USDC supply sits on CEX hot wallets (Binance and Bybit), while daily growth shows 1,916 new unique addresses in the past 24 hours (+113%).

$158M+ USDC now issued on the network, up over 50% this month.

The ecosystem crossed 3M+ unique addresses with activity across gaming, social, and DeFi layers.

Ecosystem reaches 3.2M wallets and 149M+ transactions with daily activity up 40%.

Season 2 of the airdrop and Kaito campaign ends on November 1st.

All node operators must upgrade to version 2.1.2 immediately to avoid disconnection. The upgrade introduces native fee subsidies and prepares for mainnet transition to Pectra compatibility on November 3rd, 2025 at 15:00 CET.

The Innovator Fund backs five ecosystem projects: SiloFinance (lending), FlyTrade (trading), ODXLabs (virtual assets), Ammalgam (DLEX), and HeyAnonAI (AI).

Aarna protocol launches on Sonic Labs with yield farming opportunities reaching 26.11% APY, plans November TGE.

Summer Finance's Lazy Summer vaults offer yield farming opportunities on Sonic with up to 40% APY for stablecoins and 20% APY for ETH holders, with additional SUMR token rewards.

CollabLand integration launches, enabling Sonic builders to verify and connect with users on Telegram and Discord based on ownership.

Circle's Gateway integration goes live on Sonic, enabling unified USDC balance across supported chains with instant cross-ecosystem liquidity.

$TREVEE token launches natively on Sonic following Paladin's rebrand to Trevee.

SVM Collective community challenge with technical and creative tracks runs until November 3rd in collaboration with soon_svm.

Multi-Chain Gateway expands to Avalanche and Polygon in 2026. 30M $S allocated for Sonic Gems Season 2 rewards in Q4 2025.

Mitchell Demeter is announced as CEO, a $6M $S token buyback program is revealed, and a $25M fund from CMCC Global is established.

Second season of $S airdrop and Kaito program ends November 1st, with claims opening after point aggregation and reward calculation are finalized.

ShadowOnSonic offers 43,562% APR on $S/$USDC liquidity pair.