Sonic mainnet V2.2 is LIVE!
This upgrade introduces bundled transactions, expanded transaction sponsorship, larger smart contracts, and several improvements across the network.
Built to make Sonic simpler for users and more powerful for developers.
$ssftUSD by @flyingtulip_ could become a very interesting DeFi primitive.
Instead of distributing $FT rewards separately, ssftUSD converts that value into additional ftUSD backing, while the FT itself is not dumped on the market.
That makes ssftUSD much easier for DeFi protocols to integrate as yield bearing collateral.
Pair it with a good debt asset, and organic looping strategies can emerge around the yield itself.
Why this is great for Sonic:
1- SODAX is not limited to Robinhood Chain. It supports more than 20 networks.
2- At a high level, the protocol is like Near intents on steroids.
3- Liquidity does not need to move between chains. It can remain on its native chain.
4- This unlocks RWAs, tokenized stocks, and commodities on any supported chain, allowing them to trade as native assets without migrating liquidity.
For example, a transaction buying UNI on Arbitrum using ETH on Base can be coordinated, accounted for, and settled through Sonic.
SODAX also has built in leveraged looping vaults. Users can execute these strategies in one click, regardless of whether they hold USDC or another stablecoin on any supported chain.
SODAX is solving one of crypto's biggest problems, chain and liquidity fragmentation, in a remarkably seamless way.
The best part is that SODAX chose Sonic as its coordination and settlement hub, not simply because Sonic is inexpensive. Sonic has one of the best EVM execution engines, along with near instant finality.
With Bundles and protocol native sponsored transactions coming soon, SODAX has the potential to become a unifying liquidity and execution layer for crypto.
Great to have them building on Sonic!
Shadow has been the dominant DEX on Sonic since day one, consistently capturing over 50% of the network’s trading volume through both bull and bear markets.
This is what it looks like to keep building, no matter the conditions.
SODAX is the kind of infrastructure people will soon use without even realizing it.
It tackles two of crypto's biggest problems: fragmented chains and fragmented liquidity, with Sonic powering the infrastructure behind it.
Flying Tulip is on the right path:
TRS, spot trading, and leveraged swaps are live on Sonic. More than 90% of the supply has already been burned.
Sonic Stats:
11% USDC deposit APY on FT lend
12% staked ftUSD apy via USDC/USSD
More of the unallocated FT supply has been burned.
These tokens were already non-circulating and have now been permanently removed.
🔗 Burn transaction: etherscan.io/tx/0x1647fb3c2b…
Sonic is quietly building one of the most comprehensive infrastructure stacks for the next generation of apps and RWA projects that require a higher level of security and guarantees.
Instant finality and low cost transactions are just one part of it:
1- Complex, multistep transactions executed as a single atomic bundle
2- Network-level gas sponsorship, with approved contracts enabling 0 gwei transactions
3- Scoped permissions for agents, combined with bundles
4- Reserved block space for time sensitive transactions and those requiring guaranteed inclusion
⚡️ Nothing is done until your transaction is final
Until then, your payment hasn't landed, your trade isn't settled, and your in-app action isn't complete
Here are the Layer 1s that get you from pending to done the fastest 👇
📊 chainspect.app/dashboard?sor…
My favourite part of V2.2 isn't that apps can pay gas for users. We could already do that.
Sonic is taking it a step further. The possibilities are endless.
Send a qualifying stablecoin payment, nobody pays a network fee. Sponsor a deposit, pay only if it succeeds. Bundle a complex multistep flow, all in one go.
.@flyingtulip_ Spot/leveraged Spot & Swap is now live on Sonic.
🔹Market and limit orders, up to 10x leverage.
🔹Trading engine that routes orders between its AMM and onchain order book for better execution.
🔹Trade also acts as the price source for the wider FT stack.
Trade is now live on Ethereum and Sonic.
▸ Swap supported assets
▸ Place market or limit orders
▸ Go long or short with leverage
Spot and leveraged spot use the same non-custodial margin account and collateral system as Lend.
👉 Start trading:
flyingtulip.com/trade
.@gosodax abstracts away both the chain and the liquidity source.
No matter the chain, token or source of liquidity, builders can create apps that reach nearly every network and tap into liquidity wherever it sits.
The best part? Sonic remains the coordination, settlement and accounting layer.
The new @SonicLabs stablecoin is now available on Balanced.
Visit app.balanced.network/markets to supply and borrow $USSD via the money market.
The ability to trade and earn is coming soon.
GM Marines, friends & strangers!
The 1% isn't always visible, but the commitment will be.
The rest of our business needs to catch up to our technology and we're busy doing exactly that.
"The evolution of Sonic has just begun."