Sonic

Sonic is a Layer 1 blockchain designed to run smart contracts, positioning itself as a high-throughput environment for decentralized finance applications. It claims to address the problem of slow transaction speeds and poor developer economics that affect many competing networks, targeting both end users who need fast settlement and developers who want a direct share of the fees their applications generate. The native token is S, which circulates on the Sonic network itself.

Sonic describes itself as an EVM-compatible chain, meaning developers can deploy code written for Ethereum without rewriting it, while the network claims 400,000 transactions per second and finality in under one second, though the consensus algorithm is not recorded in this dataset. The S token is used to pay transaction fees on the chain, and a program called Fee Monetization redistributes up to 90% of those fees back to the developers whose applications generated them. A native bridge called the Sonic Gateway connects the chain to Ethereum, allowing assets and liquidity to move between the two networks with a described fail-safe mechanism for asset protection.

Fees are paid by users executing transactions on the chain and are denominated in S. Over the trailing 30 days, the network collected 2,320 dollars in total fees, and that same figure equals the protocol's reported revenue for the period, reflecting a take rate of 100% — meaning no portion of fees was distributed to a supply side such as stakers or liquidity providers during that window. Annualizing the trailing 30-day figure produces 28,226.67 dollars in fees and revenue. Fee volume grew 112.07% over the last 30 days, and the ratio of market capitalization to annualized fees stands at 4,113.84, which reflects how small the current fee base is relative to the network's 114,686,107-dollar market capitalization.