Esta página solo tiene fines informativos. Ciertos servicios y funciones podrían no estar disponibles en tu jurisdicción.

Sonic Token: Price, Market Cap, News, and Key Metrics Explained

What Is Sonic Token?

Sonic Token (S), previously known as Fantom, is a high-performance blockchain ecosystem that has undergone significant rebranding and development changes. It is now fully EVM-compatible, enabling seamless integration with decentralized finance (DeFi) platforms like Aave. Sonic aims to provide a scalable and efficient environment for smart contract execution, making it a competitive player in the blockchain space.

Sonic Token Price Analysis

The price of Sonic Token has experienced notable volatility in recent months. As of the latest data:

  • Current Price: $0.4418

  • 24-Hour Change: -4.12%

  • All-Time High: $0.6185

  • All-Time Low: $0.3151

Sonic's price trajectory has been influenced by broader market trends, including bearish technical patterns like the double-top formation and declining funding rates across exchanges. These factors suggest continued downward pressure on the token's price.

Sonic Token Market Cap and Key Metrics

Sonic Token's market capitalization has seen a sharp decline, dropping from $3.15 billion in January to $1.9 billion. This contraction reflects reduced activity within its ecosystem:

  • Market Cap: $1.9 billion

  • Circulating Supply: 360 million tokens

  • Fully Diluted Valuation (FDV): $4.7 billion

The decrease in market cap aligns with a reduction in the stablecoin supply and total value locked (TVL) within Sonic's DeFi ecosystem, which has fallen from $2 billion in May to $1.53 billion.

Recent Developments and News

Integration with Aave

Sonic's integration with Aave marked a significant milestone, enabling lending and borrowing of assets like USDC, WETH, and Sonic's native token (S). Within 24 hours of the integration, Sonic achieved $33 million in TVL, showcasing strong initial adoption.

Ecosystem Challenges

Despite its promising start, Sonic has faced challenges, including:

  • Declining Chain Revenue: Daily revenue dropped from $42,000 in May to $9,600.

  • Negative Funding Rates: A signal of bearish sentiment among investors.

  • Reduced Activity: Outflows from major DeFi platforms like AAVE and Pendle.

These issues highlight the need for strategic improvements to sustain growth and investor confidence.

Technical Analysis

Sonic Token's price chart reveals bearish signals:

  • Double-Top Formation: A key indicator of potential price declines.

  • Moving Averages: The token remains below the 50-period moving average.

  • Support Levels: Sellers are targeting the all-time low of $0.3151.

Investors should exercise caution and monitor these technical indicators closely.

FAQs

What is Sonic Token's primary use case?

Sonic Token serves as the native currency for its blockchain ecosystem, facilitating transactions, smart contract execution, and DeFi activities.

Why has Sonic's market cap declined?

The decline is attributed to reduced activity within its ecosystem, including falling stablecoin supply and TVL, as well as bearish market sentiment.

Where can I trade Sonic Token?

Sonic Token is available on centralized exchanges like Gate.io, Bitget, and Bybit, with the most active trading pair being SONIC/USDT.

What are the risks of investing in Sonic Token?

Investors should be aware of market volatility, declining ecosystem metrics, and bearish technical patterns that may impact Sonic's price performance.

Conclusion

Sonic Token has shown potential as a rebranded blockchain ecosystem with EVM compatibility and DeFi integration. However, its recent challenges underscore the importance of strategic improvements to regain investor confidence and market momentum. As the crypto market evolves, Sonic's ability to adapt and innovate will determine its long-term success.

Aviso legal
Este contenido se proporciona únicamente con fines informativos y puede incluir productos que no están disponibles en tu región. No tiene la intención de brindar: (i) asesoramiento o recomendaciones de inversión, (ii) ofertas o solicitudes de compra, venta o holding de criptos o activos digitales, (iii) asesoramiento financiero, contable, legal o fiscal. Los holdings de criptos o activos digitales, incluidas las stablecoins, implican un riesgo alto y pueden fluctuar considerablemente. Te recomendamos que analices si el trading o el holding de criptos o activos digitales es adecuado para ti en función de tu situación financiera. Consulta con un asesor legal, fiscal o de inversiones si tienes dudas sobre tu situación en particular. La información que aparece en esta publicación (incluidos los datos de mercado y la información estadística, si la hubiera) solo tiene fines informativos generales. Si bien se tomaron todas las precauciones necesarias al preparar estos datos y gráficos, no aceptamos ninguna responsabilidad por los errores de hecho u omisiones expresados en este documento.

© 2025 OKX. Se permite la reproducción o distribución de este artículo completo, o pueden usarse extractos de 100 palabras o menos, siempre y cuando no sea para uso comercial. La reproducción o distribución del artículo en su totalidad también debe indicar claramente lo siguiente: "Este artículo es © 2025 OKX y se usa con autorización". Los fragmentos autorizados deben hacer referencia al nombre del artículo e incluir la atribución, por ejemplo, "Nombre del artículo, [nombre del autor, si corresponde], © 2025 OKX". Algunos contenidos pueden ser generados o ayudados por herramientas de inteligencia artificial (IA). No se permiten obras derivadas ni otros usos de este artículo.

Artículos relacionados

Ver más
trends_flux2
Altcoin
Trending token

Mastering Options Trading: Strategies for Small Accounts in the Cryptocurrency Market

Introduction to Crypto Options Strategies for Small Accounts Options trading has become a powerful tool for investors aiming to manage risk and maximize returns, particularly in the fast-evolving cryptocurrency market. For traders with small accounts, implementing tailored options strategies can unlock significant opportunities while minimizing potential downsides. This guide explores effective crypto options strategies, their risk/reward profiles, and actionable tips for optimizing them for small accounts.
14 jul 2025
trends_flux2
Altcoin
Trending token

Coinbase’s $2.9 Billion Deribit Acquisition: A Game-Changer for Crypto Derivatives

Retail-Friendly Crypto Derivatives Strategies: A Deep Dive into the Coinbase-Deribit Acquisition The cryptocurrency industry has reached a pivotal milestone with Coinbase’s $2.9 billion acquisition of Deribit, marking the largest deal in crypto history. This strategic move underscores the growing importance of crypto derivatives trading and sets the stage for institutional capital inflows, regulatory advancements, and retail-friendly innovations.
14 jul 2025
trends_flux2
Altcoin
Trending token

GoPlus Security: Pioneering Web3's First Decentralized Security Layer to Safeguard Blockchain Ecosystems

Introduction to GoPlus Security and Its Mission As the Web3 ecosystem continues to expand, the demand for robust security solutions has reached unprecedented levels. GoPlus Security is emerging as a leader in this space, pioneering Web3's first decentralized security layer to address vulnerabilities in blockchain ecosystems. By leveraging cutting-edge technology and a user-centric approach, GoPlus is redefining security standards in decentralized finance (DeFi) and beyond.
14 jul 2025