Sonic Labs is a blockchain project that emerged from the rebranding of the Fantom Foundation in August 2024. It operates the Sonic blockchain, a layer-1 platform designed to process digital assets with enhanced speed and scalability. Sonic supports over 10,000 transactions per second (TPS) with near-instant finality, making it one of the fastest blockchain solutions currently available. It also features a built-in layer-2 bridge for seamless Ethereum connectivity. The native token of the Sonic network is called S (Sonic Token). This token plays a central role in governance, staking, and paying transaction fees within the Sonic ecosystem. Users can stake their S tokens to secure the network, participate in governance decisions, and operate validator nodes.

What is Sonic (S) used for?

The S token serves multiple functions within the Sonic ecosystem: * **Governance:** Holders can stake S tokens to participate in decision-making, influencing the development and future direction of the Sonic network. * **Staking:** Users stake their S tokens to help secure the network, in return earning rewards. Running validator nodes also requires staking a minimum amount of S tokens. * **Transaction Fees:** S tokens are used to pay for transaction fees within the network, facilitating fast and low-cost transactions. * **Incentives:** Sonic Labs offers incentive programs, including airdrops and staking rewards, to encourage network participation and early adoption.

Who created Sonic (S)?

Sonic Labs was established following the rebranding of the Fantom Foundation. Fantom, a well-known blockchain platform, shifted its focus toward Sonic Labs in mid-2024 to address scaling issues and enhance user experience. The rebranding introduced new governance structures via the Sonic Foundation, which now manages treasury functions and network governance.

Sonic Labs (S) Markets

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	S-USDT SUSDT	binance	AA	0.05961USDT	0.68%	542,472,980.50S	454,872	0.05921USDT	0.07393USDT
2	S-TRY STRY	binance	AA	2.94TRY	0.86%	236,536,764.70S	85,430	2.92TRY	3.64TRY
3	S-USDT S-USDT	okex	A	0.05965USDT	0.78%	105,977,011.49S	90,713	0.05919USDT	0.07389USDT
4	S-USDT SUSDT	bybit	A	0.05964USDT	0.69%	92,770,022.10S	110,176	0.05923USDT	0.07399USDT
5	S-USD S-USD	coinbase	AA	0.05959USD	0.78%	72,091,876.60S	44,843	0.05913USD	0.07378USD
6	S-USD SUSD	kraken	AA	0.05960USD	0.68%	52,343,056.12S	17,670	0.05920USD	0.07389USD
7	S-USDT S_USDT	whitebit	BB	0.05953USDT	0.63%	45,821,317.90S	52,887	0.05916USDT	0.07385USDT
8	S-USDT S_USDT	gateio	A	0.05961USDT	0.66%	45,104,162.30S	54,203	0.05922USDT	0.07380USDT
9	S-USDT S-USDT	kucoin	BB	0.05960USDT	0.59%	31,396,837.30S	27,824	0.05925USDT	0.07388USDT
10	S-USDC SUSDC	binance	AA	0.05958USDC	0.66%	28,587,444.70S	18,579	0.05919USDC	0.07364USDC
11	S-USDT SUSDT_SPBL	bitget	BB	0.05958USDT	0.71%	20,925,644.12S	18,435	0.05916USDT	0.07388USDT
12	S-EUR SEUR	kraken	AA	0.05330EUR	0.95%	9,752,850.68S	1,921	0.05280EUR	0.06580EUR
13	S-TRY S_TRY	whitebit	BB	2.93TRY	0.64%	9,420,707.40S	7,165	2.91TRY	3.63TRY
14	S-USDC S-USDC	okex	A	0.05970USDC	1.14%	5,300,910.19S	2,729	0.05903USDC	0.07348USDC
15	S-USDC S_USDC	whitebit	BB	0.05947USDC	0.39%	4,661,900.10S	2,761	0.05924USDC	0.07337USDC
16	S-USDC SUSDC	kraken	AA	0.05680USDC	-3.73%	3,753,471.62S	987	0.05900USDC	0.07340USDC
17	S-EUR S_EUR	whitebit	BB	0.05358EUR	1.52%	2,395,443.40S	1,787	0.05278EUR	0.06525EUR
18	S-BTC S_BTC	whitebit	BB	0.0₆7140BTC	0.42%	1,351,756.20S	571	0.0₆7109BTC	0.0₆8760BTC
19	S-EUR SEUR	binance	AA	0.05334EUR	0.53%	1,114,714.30S	967	0.05306EUR	0.06537EUR
20	S-USDT SUSDT	kraken	AA	0.05860USDT	2.09%	1,086,582.57S	255	0.05740USDT	0.07380USDT
21	S-USDC S-USDC	kucoin	BB	0.05970USDC	0.67%	679,350.12S	2,101	0.05930USDC	0.07679USDC
22	S-EUR S-EUR	okex	A	0.05340EUR	1.52%	655,328.91S	597	0.05260EUR	0.06555EUR
23	S-USD S_USD	cryptodotcom	AA	0.05780USD	0.57%	344,863.40S	465	0.05747USD	0.07323USD
24	S-USD SUSD	cexio	BB	0.05710USD	0.77%	285,707.23S	11	0.05667USD	0.07268USD
25	S-USDC SUSDC	bybit	A	0.05869USDC	-0.37%	187,190.70S	217	0.05891USDC	0.07398USDC
26	S-EUR seur	bitstamp	AA	0.05086EUR	-4.06%	167,091.30S	37	0.05301EUR	0.06498EUR
27	S-USD susd	bitstamp	AA	0.05690USD	-1.27%	56,015.60S	48	0.05763USD	0.07269USD
28	S-USDT SUSDT	cexio	BB	0.05723USDT	-5.31%	12,004.19S	9	0.06044USDT	0.07275USDT
29	S-USDC SUSDC	cexio	BB	0.06809USDC	22.40%	1,218.43S	3	0.05563USDC	0.07208USDC
30	S-USDT s_usdt	xtpub	-	0.05961USDT	0.68%	375,814,767.60S	47,514	0.05921USDT	0.07360USDT
31	S-USDT s_usdt	lbank	C	0.05965USDT	0.78%	149,996,230.00S	104,102	0.05919USDT	0.07351USDT
32	S-KRW S_KRW	bithumbkorea	-	80.38KRW	1.11%	87,672,170.69S	24,218	79.50KRW	98.76KRW
33	S-TRY STRY	btcturk	E	2.96TRY	1.41%	83,031,755.90S	11,727	2.92TRY	3.65TRY
34	S-USDT SUSDT	bitrue	D	0.05980USDT	1.18%	80,943,093.70S	92,045	0.05910USDT	0.07400USDT
35	S-USDT SUSDT	toobit	C	0.05964USDT	0.73%	57,625,121.90S	34,956	0.05921USDT	0.07383USDT
36	S-EUR S-EUR	bitvavo	B	0.05331EUR	0.90%	57,195,081.63S	7,653	0.05283EUR	0.06593EUR
37	S-USDT S_USDT	coinw	-	0.05975USDT	0.96%	54,092,795.25S	8,306	0.05918USDT	0.07323USDT
38	S-USDT susdt	huobipro	C	0.05960USDT	0.85%	28,373,209.20S	31,169	0.05910USDT	0.07570USDT
39	S-USDT S_USDT	bitunix	C	0.05965USDT	0.79%	18,380,821.70S	61,604	0.05918USDT	0.07385USDT
40	S-USDT S-USDT	bingx	D	0.05969USDT	0.79%	16,014,721.88S	59,371	0.05922USDT	0.07392USDT
41	S-USDT SUSDT	mexc	C	0.05959USDT	0.71%	15,711,057.47S	20,703	0.05917USDT	0.07396USDT
42	S-USDT s_usdt	digifinex	D	0.05970USDT	0.67%	15,213,344.80S	82,851	0.05930USDT	0.07380USDT
43	S-USDT SUSDT	btcturk	E	0.05982USDT	1.67%	12,296,221.00S	1,742	0.05884USDT	0.07471USDT
44	S-EUR SEUR	bit2me	B	0.05330EUR	0.95%	9,572,546.55S	1,900	0.05280EUR	0.06580EUR
45	S-USD S-USD	btse	-	0.05970USD	0.71%	7,858,354.89S	61,007	0.05928USD	0.07320USD
46	S-USDC SUSDC	bitrue	D	0.05950USDC	0.68%	5,365,203.40S	26,647	0.05910USDC	0.07340USDC
47	S-USDC S_USDC	coinw	-	0.05980USDC	1.01%	4,538,074.90S	4,545	0.05920USDC	0.07310USDC
48	S-USDT S_USDT	bydfi	-	0.05962USDT	0.71%	2,875,115.65S	4,598	0.05920USDT	0.07382USDT
49	S-USDT S-USDT	bigone	-	0.05960USDT	1.05%	2,696,327.75S	5,005	0.05898USDT	0.07335USDT
50	S-THB THB_S	bitkub	C	2.00THB	1.58%	1,513,991.03S	280	1.97THB	2.47THB

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