Feb 26, 11:30 AM

SonicLabs Reports 1.38M Daily Transactions, $736M TVL, and 1.75M $S Tokens Amid Airdrop Event

SonicLabs, which recently transitioned from its previous identity as Fantom, is experiencing a surge in transaction activity and total value locked (TVL). As of February 21, daily transactions peaked at 1.38 million, contributing to a cumulative total exceeding 30 million. The platform's TVL has reached a new high of $736 million, reflecting a consistent upward trend since December. In conjunction with this growth, SonicLabs is conducting an airdrop event where participants can earn Sonic Points, which can be converted into $S tokens in June. The platform offers enhanced rewards for stablecoin holders, incentivizing both passive and active participation in liquidity provision. Additionally, 1.75 million $S tokens have been allocated for trading rewards on the Vertex platform, further promoting engagement with Sonic's ecosystem.

#SonicLabs #Fantom #Sonic Points #Vertex #Sonic

Written with ChatGPT (GPT-4o mini).