[ 3 Signals That Define the Current State of @SonicLabs ]
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$S has dropped over 70% from its ATH
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Aside from @ShadowOnSonic , no new apps are seeing meaningful TVL inflows
The Fee Monetization and x(3,3) models initially drew significant attention, but user expectations around incentives have quickly diminished
Resistance to xSHADOW's PvP rebasing mechanism and concerns over lock-up periods have also contributed to user attrition
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Continuous decline in both new developer activity and user growth
At launch, #Soniclabs entered the race with a bold promise of sub-second finality and fee-sharing incentives, but recent metrics suggest that the chain is gradually losing its momentum
To truly become a Layer 1 gamechanger, soniclabs needs more than just speed
@SonicLabs @ShadowOnSonic source
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