Sonic public chain rapidly rises, TVL increased by 130% in January

Recently, the cryptocurrency market has fallen into a slump, with most altcoins experiencing a drop of over 80% within three months. However, there is a public blockchain that is going against the trend, with a TVL rise of over 130% in one month, becoming a standout among all public blockchains. This remarkable public blockchain is Sonic.

Sonic is the predecessor of Fantom, a Layer 1 public chain focused on DeFi and dApps. Fantom was highly regarded during 2021-2022, with a peak TVL of $8 billion. However, with the core developers announcing a temporary withdrawal from the DeFi industry in 2022, and the cross-chain bridge vulnerability that appeared in July 2023, the Fantom ecosystem suffered a heavy blow. Against this backdrop, Fantom proposed an upgrade to Sonic.

The Sonic project plans to issue a total of 190.5 million S tokens. The reward mechanism for these tokens is divided into two parts: 25% can be withdrawn immediately, and 75% will be gradually released in the form of tradable NFTs.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).

Sonic Points are user-oriented airdrop points, divided into passive points and active points. Holding whitelisted assets in a Web3 wallet earns passive points, while deploying whitelisted assets in the application earns active points. It is worth noting that the earnings from active points are twice that of passive points.

Popular Projects in the Sonic Ecosystem

Sheep Coin Game

Sonic Sheep Coin Game is a strategic game ecosystem that combines blockchain asset management, NFT mechanisms, and DeFi protocols. Players can establish their advantages and earn profits by purchasing, minting, protecting, and attacking assets.

The core mechanisms of the game include:

1. Purchase Sheep Coin: Players can use $S to purchase Sheep Coin at a 1:1 ratio.
2. Mint Wolf NFTs: Use Sheep Coin and $S to mint Wolf NFT, with minting costs rising with each time.
3. Wolf NFT Mechanism: Wolf needs to eat Sheep every day, which can be obtained from the liquidity pool or other players' wallets.
4. Shepherd Dog Protection Mechanism: Players can deposit Sheep into the Sheep Dog for protection.
5. Shepherd Dog Reward Mechanism: Sheep stored in the Shepherd Dog can earn S as a reward.

The core concept of the game is to achieve continuous deflation of sheep through "wolf eating sheep," thereby driving up the coin price. Players need to weigh different strategies, such as whether to mint wolves or rent shepherd dogs, to adapt to the ever-changing market environment.

Petroleum Finance

Petroleum City is a blockchain game themed around oil extraction. Players refine crude oil (cOIL) by building, upgrading, and managing pumps (Pumps), and convert it into tradable $OIL to earn profits.

The core mechanics of the game include:

1. Purchase land: Players can buy and customize plots to build an oil empire.
2. Purchase Pump: The pump is the core production tool of the game, continuously and automatically producing cOIL.
3. Add decorations: Players can decorate plots to enhance appearance and personal style.
4. Refining cOIL: The produced cOIL must be refined at a refinery before it can become tradeable $OIL.

The game strategy mainly revolves around the core loop of "producing cOIL → repairing pumps → refining into $OIL → reinvesting for upgrades". Players need to reasonably plan their production, refining, and upgrading strategies to steadily obtain profits and expand their assets.

The rapid development of the Sonic ecosystem and the emergence of these innovative projects have injected new vitality into the cryptocurrency market. With more projects joining and user participation increasing, Sonic is expected to play a significant role in future blockchain competition.