Sonic: The Rise of Emerging Public Chains and Ecological Opportunities

Recently, the crypto market has been in a narrative vacuum, with most projects experiencing decreased activity and altcoins generally facing significant declines. However, a public chain named Sonic has gone against the trend, with its total value locked (TVL) increasing by over 130% in just one month, making it a dark horse in the public chain field.

The Development History of Sonic

Sonic is a Layer 1 public chain evolved from Fantom. Fantom was launched in 2019, focusing on DeFi and decentralized application development, and was highly sought after during the 2021-2022 period, reaching a peak TVL of around $8 billion. However, in 2022, the core developers announced a temporary departure from the DeFi industry, and in July 2023, a major vulnerability occurred in a cross-chain bridge partnership, leading to a blow to the ecosystem. Against this backdrop, Fantom proposed an upgrade to Sonic.

Sonic Token Distribution Plan

The Sonic project plans to issue a total of 190.5 million S tokens, utilizing a special reward mechanism: 25% can be withdrawn immediately, while 75% will be gradually released in the form of tradable NFTs. Users can qualify through two avenues: Points (for network participants) and Gems (for developers). This innovative distribution method may bring substantial returns to participants.

Sonic Points are divided into passive points and active points. Holding specific assets can earn passive points, while deploying assets in the application can earn active points. It is worth noting that the earnings from active points are double that of passive points.

Popular Projects in the Sonic Ecosystem

1. Sheep Coin Game

This is a strategic game ecosystem that integrates blockchain asset management, NFT mechanisms, and DeFi protocols. Players earn profits by purchasing, minting, protecting, and attacking assets. The core mechanisms of the game include:

• Purchase Sheep Coin with S at a 1:1 ratio.
• Use Sheep Coin and S to mint Wolf NFT
• Wolf NFT needs to "feed" on Sheep regularly, otherwise it will become invalid.
• Players can deposit Sheep into the protection mechanism to receive rewards.

The core concept of the game is to achieve continuous deflation of the sheep coin through the "wolf eats sheep" mechanism, thereby driving up the coin price. Players need to weigh the balance between high risk and high reward and choose the best strategy.

2. Oil Finance

This is a blockchain game themed around oil extraction. Players extract crude oil (cOIL) by building, upgrading, and managing pumping stations, and convert it into tradable $OIL for profit. The core gameplay includes:

• Purchase and customize plots
• Purchase and upgrade pump stations
• Add decorations to enhance productivity
• Refine cOIL into $OIL

The game has a refining lock-up period and tax mechanism to encourage players to hold long-term. Players need to balance production, refining, and upgrading strategies to achieve stable returns and asset appreciation.

Conclusion

Sonic, as an emerging public chain, demonstrates strong development momentum. Its innovative token distribution mechanism and rich ecosystem projects provide users with diverse participation opportunities. However, participants still need to carefully assess risks and formulate reasonable strategies to achieve success in this emerging ecosystem filled with opportunities and challenges.