Sonic SVM

SONIC Price

About Sonic SVM (SONIC)

Sonic SVM is a high-performance Layer 2 scaling solution on Solana specifically designed to support sovereign gaming economies and high-speed decentralized applications.

• The network is the first Layer 2 built on the Solana Virtual Machine (SVM) architecture to offer dedicated infrastructure for gaming.
• It leverages the Sonic HyperGrid framework to orchestrate optimistic Solana rollups, enabling high throughput while inheriting Solana security.
• The platform introduces an Attention Capital Market model that programmatically converts user engagement metrics into protocol-level rewards.

What Is Sonic SVM

Sonic SVM is a specialized blockchain environment that provides developers with the tools to build and scale gaming applications without the congestion of a general-purpose network. Its primary value proposition lies in creating a sovereign space for in-game assets and economies, distinct from traditional trading-focused environments.

Value in the ecosystem is driven by the Attention Capital Market (ACM), a model designed to turn user attention into capital. Through this system, off-chain signals such as clicks, views, and social interactions are brought on-chain via oracles. These metrics are then used to calculate Attention Scores, which determine the distribution of rewards to the most engaging programs. The native SONIC token is put to work within this system through staking, network fees, and as a reward mechanism for participants. As more applications join the ecosystem, the HyperGrid framework allows for the horizontal scaling of the network to accommodate increased demand.

What Makes Sonic SVM Unique

• First SVM Layer 2: It is the pioneer in applying the Solana Virtual Machine architecture to a Layer 2 rollup structure on the Solana network.
• HyperGrid Orchestration: The HyperGrid framework allows for the deployment of multiple optimistic Solana rollups that can scale horizontally to handle increased transaction loads.
• Attention Capital Market (ACM): A novel economic model that verifies and rewards user engagement, creating a feedback loop between attention and capital.
• SonicX Integration: A Web3 TikTok application layer designed to bridge traditional social media engagement with blockchain-based rewards.

What Can You Use Sonic SVM for?

• Transaction Fees: Users pay for network operations and smart contract executions using the native SONIC token on the Layer 2 chain.
• Staking and Security: Token holders can stake their assets to secure the network and participate in the governance of the Attention Capital Market.
• Ecosystem Rewards: SONIC serves as the primary reward currency for developers and users who contribute to the network's growth and engagement scores.
• Gaming Utility: The token is used within the native gaming ecosystem for in-game purchases, asset upgrades, and access to exclusive features.

How Does Sonic SVM Work?

Sonic SVM functions as an optimistic Solana rollup, a scaling method that bundles multiple transactions off-chain and submits them to the Solana mainnet. By using the Solana Virtual Machine (SVM), it maintains full compatibility with Solana’s high-performance execution environment, allowing developers to deploy existing Rust-based smart contracts with minimal changes.

The network uses gas fees paid in SONIC to prioritize transactions and prevent spam. These fees are processed through the HyperGrid framework, which manages the communication between the Layer 2 rollup and the Layer 1 Solana blockchain. The system also utilizes specialized oracles to capture verifiable on-chain and off-chain user actions, which are then normalized and scored to ensure the integrity of the reward distribution.

Team Info and Investors

Sonic SVM is developed by Mirror World Inc., a company with a background in building Web3 gaming infrastructure and developer tools. The project focuses on providing a comprehensive suite of resources, including a bridge, staking platform, and explorer, to facilitate the growth of its gaming-centric ecosystem. While the source material mentions significant pre-seed funding for projects building on the network, specific early-stage institutional backing for the core Sonic SVM protocol is not detailed in available sources.

Where can you buy Sonic SVM?

SONIC tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Sonic SVM is Upbit, where the most active trading pair SONIC/KRW has a trading volume of $493,500.62 in the last 24 hours. Other popular options include Bitunix and MEXC.

What is the daily trading volume of Sonic SVM (SONIC)?

The trading volume of Sonic SVM (SONIC) is $1,726,061.76 in the last 24 hours, representing a 3.00% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Sonic SVM (SONIC)?

Sonic SVM (SONIC) reached an all-time high of $1.23 and an all-time low of $0.02455. It’s now trading -98.00% below that peak and 2.10% above its lowest price.

What is the market cap of Sonic SVM (SONIC)?

Market capitalization of Sonic SVM (SONIC) is $8,997,854 and is ranked #1208 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SONIC tokens (360 Million tokens are tradable on the market today).

What is the fully diluted valuation of Sonic SVM (SONIC)?

The fully diluted valuation (FDV) of Sonic SVM (SONIC) is $59,985,697. This is a statistical representation of the maximum market cap, assuming the maximum number of 2.4 Billion SONIC tokens are in circulation today. Depending on how the emission schedule of SONIC tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Sonic SVM compare against its peers?

With a price decline of -9.40% in the last 7 days, Sonic SVM (SONIC) is underperforming the global cryptocurrency market which is down -4.70%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are down -6.10%.