Odaily Planet Daily reports that the original Fantom team’s Layer 1 public chain Sonic states that it plans to promote the upgrade of the native token S’s value accumulation mechanism through self-built and acquired core protocol applications and infrastructure, and hints at potential mergers and acquisitions in the future.
In a recent statement, Sonic Labs pointed out that the team will focus on key infrastructure that intersects token utility, liquidity, and use cases, reducing value outflow from the ecosystem application layer through internalization and commercialization of core economic activities. At the same time, Sonic will remain open and permissionless for developers.
The team stated that the previous model relying on “user growth—transaction increase—gas consumption rise—token value recirculation” has become unsustainable. With the development of Rollups, modular architectures, and high-performance public chains, the increase in blockchain space supply has led to continuous compression of transaction fees, and relying solely on gas revenue is no longer sufficient to support long-term value for Layer 1.
Sonic is an EVM-compatible high-performance public chain aiming to achieve near-instant confirmation and extremely high throughput. It is currently attempting to reshape the value capture path of Layer 1 through deeper ecosystem integration.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Michael Saylor “Laser Eyes” post surpasses 1 million views, billionaires follow up by buying crypto
MicroStrategy Executive Chairman Saylor has restarted the laser eyes symbol, expressing his bullish conviction in Bitcoin, and contrasting it with the current market’s fear sentiment. MicroStrategy holds 761,068 Bitcoins and plans to increase that to 1,000,000 by 2026. Real estate billionaire Grant Cardone has also announced additional Bitcoin purchases, strengthening market confidence and signaling a long-term hold.
MarketWhisper14m ago
Square enables “Bitcoin payments” with zero fees and no minimums for million-dollar U.S. small and mid-sized businesses, with Jack Dorsey pushing BTC into everyday use
Square announces that it will automatically enable Bitcoin receiving functionality for eligible U.S. sellers. Transactions are converted to U.S. dollars in real time, and fees are waived through the end of 2026. This move simplifies the process for merchants to use cryptocurrency and increases the viability of Bitcoin as a daily payment tool. Industry experts believe this could become foundational infrastructure for the financial system.
動區BlockTempo22m ago
A CEX sets up an internal venture investment program called "Next Bets" to drive employee innovation projects
A CEX CEO, Brian Armstrong, announced the launch of a venture capital program called "Next Bets," which allows employees to submit innovative projects and pitch them, with the goal of reducing creative talent drain. The program opens twice each year, is typically executed by small teams, and focuses on high-potential directions. The Base blockchain project originated from this, and more progress will be announced in the future.
GateNews22m ago
Midnight mainnet goes live: Cardano founder puts $200 million behind the crypto privacy revolution
Midnight, the privacy blockchain founded by Charles Hoskinson, officially went live on March 30. Its design focuses on addressing three major obstacles to the mainstream adoption of cryptocurrency, improving user experience and privacy through a selective disclosure mechanism. Its core technologies include a keyless design and a dual-token system. With the airdrop underway, its valuation briefly surpassed $1 billion, and it is now working with Monument Bank to advance commercial deployment.
MarketWhisper23m ago
Steakhouse Financial: The official website is temporarily offline, but the vault is running normally. The attack originated from social engineering that compromised an OVH account.
Steakhouse Financial releases the latest updates on the security incident. The official website is still offline, but the Steakhouse Vaults site is operating normally, and there are no issues with the deposit and withdrawal functions. The attack originated from a phone-based social engineering assault, which resulted in the theft of domain management permissions, and the website’s DNS now points to a malicious IP. The official team has rolled back all changes, and users’ assets are safe.
GateNews27m ago
Square enables Bitcoin payments for millions of merchants, instant exchange to USD with zero fees
Square announced that it will automatically enable Bitcoin payment functionality for millions of small businesses in the United States, with transactions converted to USD in real time. Merchants do not need to configure it proactively, and they can do so without fees through the end of 2026. The industry compares it to the connection of TCP/IP and the internet, suggesting that Bitcoin’s adoption in financial infrastructure will become widespread and could change the role of payment rails.
MarketWhisper38m ago