ChainCatcher news, Sonic ecosystem lending protocol project Silo Labs has issued an update on the xUSD depegging event on the X platform. So far, the confirmed repayment amount has reached approximately 2.13 million USD, including about 88,169 USD on Sonic, approximately 556,669 USD on Avalanche, and around 1.49 million USD on Arbitrum. Previously, the price of Stream Finance stablecoin xUSD significantly deviated from its target range, affecting on-chain curated projects including Euler, Morpho, and Silo.

PANews November 12th News, Sonic Labs CEO Mitchell Demeter shared the project's next phase plans on the X platform. Demeter stated that Sonic currently has sufficient funding, with no liquidity concerns, and possesses the resources needed to execute long-term plans. In this development phase, Sonic will be driven by practical use cases, clear economic benefits, and continuous delivery of results, rather than speculative activities. Additionally, Sonic plans to improve its tokenomics to achieve deflation and intends to introduce a new layered fee monetization (FeeM) structure, with reward levels ranging from 15% to 90%. Of this, 10% will be allocated to validators, while the remaining portion will be burned. This initiative aims to reward actual usage and network activity while promoting deflation. Sonic is also advancing plans to establish an office in New York City to

ChainCatcher message: According to GoPlus monitoring, hackers attacking Balancer used the permit() authorization mechanism to successfully transfer 195 stS tokens from the Sonic Labs frozen address 0xf19…fae2 to a new address 0x0e9c…44D5, and exchanged them for WBTC and

PANews, November 4 - The Sonic security team received an alert at 3:45 AM EST on November 3 regarding a suspected attack on the Beets protocol, and immediately activated the security mechanism planned for the subsequent upgrade. Some involved wallets have been frozen, and the officials are closely collaborating with the Beets team to investigate the incident.

The blockchain security company BlockSec reported that Balancer and its multiple fork protocols were attacked, with a total loss of 75.8 million dollars, involving chains such as Ethereum, Base, Polygon, Sonic, Arbitrum, and Optimism.

Golden Finance reported that Pieverse, a Web3 startup focused on building payment and Compliance infrastructure, announced the completion of a $7 million strategic financing round. This round was co-led by Animoca Brands and UOB Ventures, with participation from 10K Ventures, Signum Capital, Morningstar Ventures, Serafund, Undefined Labs, and Sonic.

PANews reported on October 23 that Sonic issued an important notice on the X platform stating: All nodes on the Mainnet and Testnet must be upgraded to version 2.1.2 immediately to avoid disconnection. This version introduces native fee subsidies and key security improvements, replacing the earlier v2.1 before the full upgrade of Sonic Mainnet to Pectra compatibility. It is applicable to validators, RPC providers, archive nodes, exchanges, and other node operators. After the upgrade, nodes will continue to operate on the current Mainnet until the complete transition on November 3, 2025.

Sonic co-founder Andre Cronje questioned the funding and support targets of the Ethereum Foundation, stating that he has not received any help and emphasizing the high costs during the development process. Meanwhile, Ethereum core developer Péter Szilágyi also expressed disappointment regarding the foundation's compensation and governance.

Gate News Bot news, September 30, according to CoinMarketCap data, S (Sonic) is currently priced at $0.26, having risen 6.05% in the last 24 hours, with a high of $0.26 and a low of $0.23. The current market capitalization is approximately $739 million, an increase of $42.2 million compared to yesterday. Sonic is the highest-performing EVM L1 blockchain, combining speed, incentives, and world-class infrastructure. Sonic offers developers unprecedented scalability and storage capacity, providing users with a fast and smooth experience. Sonic is the fastest settlement layer for digital assets, capable of processing over 400,000 transactions per second, with confirmation times approaching real-time, and an average transaction cost of only $0.001. S (Sonic) recent important news: 1️⃣ **Solana Ecosystem

BlockBeats news, on September 29, Mitchell Demeter was appointed as the CEO of Sonic Labs to drive global growth and institutional expansion. Sonic Labs stated that Mitchell Demeter is a pioneer in the Blockchain industry, having launched the world's first Bitcoin ATM in Vancouver and co-founded one of Canada's earliest Digital Currency Trading platforms, Cointrader.

Sonic Labs announced a strategic investment in the Web3 brand FinChain, empowering it to provide RWA products and tokens, helping to achieve liquidity and compliance. The investment will integrate Sonic's infrastructure to enhance yield and credit capability.

Golden Finance reports that Sonic Labs is launching a tokenomics adjustment to support its expansion and institutional adoption plans in the United States. Relevant details were published by Tokenomist on September 7 on the X platform, outlining the new issuance and supply dynamics following the governance proposal that passed with nearly unanimous support on August 31. According to Tokenomist, Sonic will issue 633.9 million new S Tokens, worth approximately $196.5 million. The distribution plan is divided into three categories: 150 million coins for Sonic's business operations in the United States; 322.6 million Tokens reserved for a Nasdaq private equity investment vehicle, locked for at least three years; 161.3 million coins are designated for future ETF projects in collaboration with BitGo custody.

This week, multiple tokens will be unlocked, including Sonic, Movement, BounceBit, Aptos, io.net, and peaq, which will unlock a large number of tokens with circulating supplies and values of $45.4 million, $5.9 million, $6.4 million, $48 million, $7 million, and $5.6 million respectively.

Odaily News According to an official announcement from Binance, the total supply of the Sonic (S) project Token will increase from approximately 3.41 billion to about 3.89 billion, with a circulating supply increase of 472 million (+14.2%). Additionally, Sonic (S) tokens worth approximately $50 million will only be added to the total supply after the final agreement on the ETF is reached.

PANews, September 2 news, SonicStrategy announced that it has received a $40 million (approximately CAD 55 million) investment from Sonic Labs. This round of funding will be used to expand the team, promote product research and development, and accelerate market expansion. Sonic Labs stated that this investment aims to support SonicStrategy's innovative development in the Web3 field.

The "U.S. Expansion and TradFi Adoption Plan" proposed by Sonic Labs has been approved by community voting, aimed at supporting U.S. ETP/ETF and PIPE tools, establishing Sonic USA LLC, adding a CEO and team, while increasing gas fee consumption, with a plan to issue 300 million S Tokens to achieve the goal.

According to Foresight News and reports from Zhitong Finance, the Web3 brand FinChain Starlink, incubated independently by Fosun Wealth Holdings, has officially launched and has completed the signing of the first round of external financing agreements with investors, with a financing amount reaching millions of dollars. Strategic investors include Solana Foundation, Vaulta Foundation, Sonic Labs, Animoca Brands, and Unified.

BlockBeats news, on August 27, Solana Virtual Machine (SVM) Solayer announced the launch of the cross-chain bridge sBridge, featuring dedicated SVM semantics. Both SOON and Sonic support sBridge. sBridge connects Solana directly to InfiniSVM and other SVM chains, enabling seamless real-time Liquidity and asset transfers without EVM workarounds. Unlike existing multi-chain solutions, sBridge is uniquely optimized for SVM chains, eliminating the conversion layer. This cross-chain bridge provides native PDA proof and hardware-supported ED25519 signatures, capable of transmitting data and value at the true speed of SVM.

According to BlockBeats news, on August 21, Sonic Labs released a community proposal indicating plans to launch Sonic USA LLC to initiate business in the United States, hire a CEO for Sonic USA and a complete U.S. team, establish an office in New York, and provide performance-based employee incentive programs. Meanwhile, the company plans to strengthen long-term deflation through a Gas fee mechanism. Community members will vote to decide on the adjustment of network parameters: approval for the issuance of Tokens for a $50 million ETF quota; $100 million Nasdaq PIPE development; 150 million S Tokens for Sonic USA, or to completely reject the above parameter adjustments.

Gate News bot news, according to the official announcement from Gate on July 10, 2025 Gate will launch Velvet on July 10, 2025, at 20:00 1928374656574839201 UTC+8 ( for spot trading, with the trading pair VELVET/USDT. Velvet is a DeFAI operating system that mainly provides on-chain research, trading, and portfolio management services. The project has been launched on multiple public chains including BNB Chain, Base, Solana, Ethereum, and Sonic, integrating the multi-agent AI Co-Pilot feature, and currently has over 100,000 users. The VELVET token contract address is 0x8b194370825E37b33373e74A41009161808C1488.

PANews, August 15th news, according to CryptoRank, the DeFi project Main Street completed a round of undisclosed stage financing on August 15th, raising $400,000, with the investor being Sonic. The specific financing round and more investment details have not been disclosed.

BlockBeats news, on August 12, Sonic Labs announced the official launch of Sonic Testnet 2.1, compatible with the Ethereum Pectra upgrade, and has expanded Sonic's functionalities. The Mainnet will be launched soon.

Stability DAO stated that approximately 20% to 30% of Metavault's funds were affected by the Credix attack and is working with Sonic Labs to draft a report, planning to implement compensation measures expected within two weeks. MetaVault will reopen next week and announce more details.

BlockBeats news, on August 8, the DeFi project Beets announced the launch of the Gyroscope dynamic liquidity pool (E-CLP) on the Sonic platform. This mechanism supports profit sharing and offers an Annual Percentage Rate of up to 190% in the current market environment, driving innovation and rise in the dynamic fund pool model.

BlockBeats news, on August 4th, according to CertiK Alert monitoring, the CrediX hacker has transferred the stolen $4.5 million in encryption assets from Sonic bridge to the Ethereum network.

Odaily News Sonic officially announced that it has updated the qualification for the first season Airdrop, with the minimum claim standard reduced from 200 S to 5 S, and each Address can receive 70 S per Shard.

PANews, July 23 news, according to Sonic Labs, about 49 million $S has been distributed through Sonic Points, but the first season Airdrop has not yet ended. An additional about 30 million $S will be distributed through Sonic Gems without a minimum withdrawal threshold, please follow.

Odaily News Sonic announces that the first season Airdrop is officially open, users can now claim a 25% allocation share, and the remaining 75% will be released linearly in the form of NFTs, gradually opening through the PaintSwap order book. The official reminder states that this Airdrop is based on the Sonic Mainnet Allowlist activity and is not related to the presale or TGE.

According to BlockBeats, on July 21, Andre Cronje, co-founder of Sonic Labs, posted on social media that Sonic Labs has just burned all 1,866,256.59 S allocated in the Airdrop, worth 754,902.66 USD.

Gate News bot message, according to the official announcement from Gate on July 10, 2025: Gate will launch the Velvet (VELVET) project mining activity on Launchpool. The activity will take place from July 10, 2025, 20:00 to July 15, 20:00 ( UTC+8, with a total mining reward of 500,000 VELVET tokens. Users can participate in mining by staking ETH or VELVET, and the system will distribute rewards to users hourly based on the staking ratio. Velvet is a DeFAI operating system focused on simplifying on-chain research, trading, and portfolio management. The project has launched on multiple chains including BNB Chain, Base, Solana, Ethereum, and Sonic, with over 100,000 users. The platform integrates a multi-agent AI Co-Pilot feature, allowing users to discover and execute investment opportunities through natural language. Currently, there are over 10,000 vaults created by KOLs, traders, and crypto hedge funds. It is worth noting that Gate Labs has participated in the Velvet )VELVET( project investment.

BlockBeats news, on July 5th, Sonic Labs announced that the claim for the first phase of the S Token Airdrop (S1) will be open at a random time between July 15th and 22nd.

BlockBeats News, on July 4th, Sonic Labs co-founder Andre Cronje stated that the next generation of developer tools has been launched, and the new Sonic client will be available in the coming weeks, featuring account abstraction, dynamic fees, and Gas subsidies. The next plan is to launch "Sonic CS 2.0", a new consensus that doubles network speed and reduces memory usage by 68%.

Odaily News Sonic Labs (formerly Fantom) co-founder Andre Cronje posted on the X platform stating that the new version of the Sonic client will be launched in the coming weeks, supporting: account abstraction, dynamic fees, and Gas subsidies. The next steps will be to build Sonic.

According to Gate News bot, as reported by BlockBeats, on July 2nd, Shadow Exchange announced the official start of the Sonic Points Airdrop program for the second quarter. This round of airdrop has canceled the passive points mechanism, and only actual participation in DeFi activities can earn points. Users can trade and provide liquidity using allowlisted assets on the Shadow platform.

Golden Finance reports that Sonic has announced the official launch of the second season of its Airdrop. The new rules eliminate the passive points mechanism and only count on-chain real DeFi activities (trading/providing Liquidity). Trading allowlisted assets on the Shadow platform will earn points, and its users, contributing 85% of the network's income, will enjoy both loyalty multipliers and yield scoring bonuses.

BlockBeats news, on June 27, Kaito AI announced that the new Sonic on-chain Yapper Leaderboard will be launched soon.

Golden Finance reports that Circle has announced the launch of its cross-chain transfer protocol CCTP V2 on the Solana Blockchain, supporting developers and users for quick transfers, as well as the integration of smart contracts after transfers. As of now, other blockchains supporting CCTP V2 also include Arbitrum, AVAX, Base, Ethereum, Linea, Optimism, Sonic Labs, and World.

Gate News bot news, the DeFi aggregator 1inch has integrated Sonic. From now on, the 1inch Wallet will natively support the Sonic network and can be tracked through Portfolio, allowing users to easily store, exchange, and track assets.

PANews June 19 news, according to the Sonic Labs announcement, the DeFi aggregator 1inch has officially integrated the Sonic chain. Users can now directly access the Sonic network through the 1inch Wallet, utilizing its Pathfinder smart routing Algorithm to obtain optimal transaction rates, while enjoying the built-in MEV protection mechanism. This integration supports bridge-less cross-chain transactions between Sonic and other EVM chains.

Gate News bot message, Sonic official stated that the S Token Q1 Airdrop event will end on June 18, and the claiming will be opened in the following weeks.

Gate News bot message, Sonic Labs announced the integration of Bubblemaps V2 into its platform, marking a significant advancement in on-chain intelligence and transparency within the Decentralized Finance (DeFi) ecosystem. Given the rising demand for convenient and reliable blockchain analysis, this move aims to help users better understand wallet trends, token movements, and trading patterns.

BlockBeats news, on June 12, according to official sources, Sonic Labs has invested 400,000 S Tokens in Hey Anon. Hey Anon is a groundbreaking on-chain AI protocol that is redefining how users interact with Decentralized Finance on Sonic, and this investment is supported by the Sonic Innovators Fund.

Gate News bot, Sonic announced that the second season of the S token airdrop will start on June 18, with a larger scale, smarter and more generous rewards. The new system introduces a more dynamic structure for users and applications, designed to reward authentic and ongoing participation in the Sonic ecosystem. The main changes are as follows: passive points are no longer used, only event points, loyalty-based points boosting revenue is counted in the Gem Season 2 airdrop event rewards true impact and on-chain activity, designed for long-term users and developers. In addition, the first season will end on the same day, and after a review period to filter bots and witch addresses to ensure rewards are distributed to real users, the token claim portal will go live a few weeks later on June 18th.

Gate News bot message, Sonic SVM announces the launch of the enhanced SONIC Token appreciation mechanism. The team is transitioning from the token burning mechanism to SONIC's strategic buy-and-lock system to deepen the protocol's own Liquidity.

PANews June 7 news, Sonic Labs tweeted that the S Token Airdrop will span multiple quarters. Out of a total of 190.5 million $S Airdrop, a portion of undisclosed tokens will be distributed after the first quarter review is completed.

Odaily News Sonic official posted on X stating that the first season S Airdrop will be distributed in two phases: 25% of the Tokens will be immediately tradable, meaning users can claim 1/4 of the Tokens at the time of the Airdrop; 75% of the Tokens will have Lock-up Position restrictions, and this portion of Tokens will be gradually released in the form of tradable NFTs over 270 days, with an early claim destruction mechanism in place.

BlockBeats news, on May 29, according to Yahoo Finance, blockchain infrastructure company Spetz Inc (CSE:SPTZ) announced the completion of the first round of private sale financing of 10 million dollars. The company's CEO Mitchell Demeter stated that the funds will be used to purchase Sonic Tokens, deploy verification node infrastructure, and implement DeFi strategies.

Golden Finance reports that Sonic has announced the launch of a validators program aimed at promoting the first SVM chain expansion on Solana to achieve Decentralization. The program includes a dual incentive model, partnerships with leading validators, and performance-based rewards.