Sonic

Sonic is a Layer 1 blockchain designed to run smart contracts compatible with the Ethereum Virtual Machine, targeting developers building decentralized finance applications. It claims to address the problem of slow and expensive on-chain execution by offering high throughput and near-instant transaction finality. Its Fee Monetization program is aimed specifically at application developers who want to earn a direct share of the fees their users generate.

Sonic processes transactions on its own independent chain and settles them with sub-second finality, reporting a theoretical capacity of 400,000 transactions per second. The native token, S, is used to pay for transaction fees on the network, and through the Fee Monetization program up to 90% of those fees are redistributed back to the developers whose applications generated them, with the protocol retaining the remainder. A native bridge called Sonic Gateway connects the chain to Ethereum, allowing assets and liquidity to move between the two networks.

All fees on Sonic are paid in S by users transacting on the network; over the trailing 30 days the chain collected 7,052 USD in total fees. The supply-side revenue for that same period is recorded as zero, meaning validators or stakers received none of those fees directly under the data stored here, and the protocol's take rate stands at 100% of collected fees. Annualizing the trailing 30-day figure produces an estimated 85,799 USD in annual fees and protocol revenue. Over the trailing 12 months the recorded fee and revenue total is 117,010 USD.