Eli5DeFi Profile picture
Visual Information Layer of Web3 | TG Channel ➠ https://t.co/NquSvtpCHc | Substack ➠ https://t.co/pMyJJEJAEy | All Posts NFA + DYOR

Feb 26, 2025, 15 tweets

All you need to know about @SonicLabs and its ecosystem.

Covering tech, bridging, the ecosystem, and maximize your $S airdrop.

A no-nonsense guide. 🧵

► What in The World is @SonicLabs?

From the outside, Sonic appears to be a high-performance EVM Layer 1 Blockchain.

However, it's not just about impressive technology; it also offers sustainable incentives, creating a thriving ecosystem that rewards its users and builders.

That said, Sonic's tech is indeed impressive:

✦ 10,000 transactions/sec
✦ Finality in <1 second
✦ ✦ User incentives: Total 200M $S for whitelisted assets
✦ Fee Monetization: developers earn 90% of app gas fees

► Sonic Traction (Data per Feburary 26, 2025)

✦ With that said, Sonic TVL grow by ~3500% since start of the year (currently at ~$670M at the time of writing)
✦ 30.7M+ total transactions
✦ 70.3k+ contracts deployed
✦ 847k+ unique address
✦ 461k+ $S FeeM distributed
✦ Total of $150M+ bridged from DeBridge alone

And it seems like it's just the beginning for Sonic so far.

h/t @sealaunch_ , @DefiLlama, @deBridgeFinance, @0xKhmer

► Bridge Your Assets

To begin, you need to bridge your assets to @SonicLabs.

Use native Sonic Gateway for bridging from Ethereum, or choose a third-party option for other chains:

✦ @deBridgeFinance
✦ @rhinofi
✦ @Owlto_Finance
✦ @sideshiftai
✦ @eywaprotocol
✦ @mesonfi
✦ @BungeeExchange
✦ @symbiosis_fi
✦ @NitroByRouter
✦ @InterportFi
✦ @gasdotzip
✦ @Orbiter_Finance
✦ @Entanglefi
✦ @CryptoRubic

And for God's sake, please use @Rabby_io as your preferred wallet to make your life 99x easier.

► Sonic Earn

Before go deep down the rabbit hole, make sure you register for Sonic Earn.

Why? Because you can qualify for a 200M $S airdrop (~$174M+) by following these steps:

--Please use BNDUMP as your ref code--

✦ Passive Points (PP): Hold whitelisted assets like $scUSD and $scETH in your wallet.

✦ Active Points (AP): Use WL assets directly in the Sonic ecosystem.

✦ App Points for Projects: Apps compete for Sonic Gems, redeemable for $S tokens, to distribute to users.

Regardless, users will earn Passive Points (PP) and/or Active Points (AP) based on their level of engagement within the Sonic ecosystem.

► The Ecosystem

There are total 141 apps on Sonic at the time of writing, which I expect to be expanding more.

So, let's start with some protocols that also give you APs as it gives you the chance to earn $S airdrop:

🔶 DeFi (DEX, Lending, Derivatives, Stablecoins, LST, BTCFi) Pt. 1

✦ @ShadowOnSonic
✦ @MetropolisDEX
✦ @SpookySwap
✦ @Equalizer0x
✦ @beets_fi
✦ @Rings_Protocol
✦ @ImpermaxFinance
✦ @SolidlyLabs
✦ @SolvProtocol
✦ @wagmicom
✦ @SwapXfi
✦ @_WOOFi
✦ @SuperSonicDEX
✦ @soneta_xyz
✦ @beefyfinance
✦ @DebitaFinance
✦ @ichifoundation
✦ @SiloFinance

(cont)...DeFi (DEX, Lending, Derivatives, Stablecoins, LST, BTCFi) Pt. 2

✦ @machfi_xyz
✦ @VicunaFinance
✦ @yearnfi
✦ @SilverSwapDex
✦ @yel_finance
✦ @CurveFinance
✦ @avalonfinance_
✦ @Gravity_Finance
✦ @GammaStrategies
✦ @Penpiexyz_io
✦ @steerprotocol
✦ @stryke_xyz
✦ @marginzero_xyz
✦ @spectra_finance
✦ @NapierFinance
✦ @Lynx_Protocol
✦ @vertex_protocol
✦ @pendle_fi
✦ @rabbitx_io
✦ @StableJack_xyz

🔶 Games

✦ @EstforKingdom
✦ @sacra_fi

Other protocols on Sonic do not yield AP at the moment, but they are worth exploring as they are already live.

Here are our picks (NFA and DYOR):

✦ @OriginProtocol
✦ @AmpedFinance
✦ @magpieprotocol
✦ @sdotfunapp
✦ @yokodotlive
✦ @odosprotocol
✦ @HeyAnonai
✦ @Lombard_Finance
✦ @BoomDEX
✦ @eulerfinance
✦ @Contango_xyz
✦ @zerolendxyz
✦ @0xfluid
✦ @GearboxProtocol
✦ @eggsonsonic
✦ @SnakeOnSonic
✦ @degenexpress69
✦ @moonshot

For the latest update and full ecosystem coverage, you can follow @SonicEcosystem.

► How About Memecoins?

Don't worry, Degens— @insider_sonic already has the complete list of memecoins in the Sonic ecosystem ⤵️

► Wrap-Up

While Sonic isn't a newcomer, its revamped tokenomics and incentive structure revitalize app usage and development, turning user rewards into a growth catalyst and keeping users actively engaged.

With cutting-edge technology, a compelling narrative, and a highly engaged Sonic Team, Sonic is just beginning to accelerate its momentum.

► Important Links

✦ Sonic Earn (Use BNDUMP as your ref): my.soniclabs.com/points
✦ Ecosystem List: my.soniclabs.com/apps
✦ DefiLlama: defillama.com/chain/Sonic
✦ Chain Explorer @routescan_io: 146.routescan.io or sonicscan.org
✦ Dune Analytics:

- @sealaunch_ - dune.com/sealaunch/sonic
- @0xKhmer - dune.com/0xkhmer/sonic-…

🔴 | Disclaimer

Tagging my friends to check @SonicLabs

> @blocmatesdotcom
> @AleaResearch
> @milesdeutscher
> @Jacktheoiler
> @Slappjakke
> @belizardd
> @blknoiz06
> @SherifDefi
> @SonicEcosystem
> @_lfausto
> @Intern4Sonic
> @Mars_DeFi
> @Flowslikeosmo
> @DeFiMinty
> @Haylesdefi
> @Hercules_Defi
> @TheDeFISaint
> @DeRonin_
> @0xAndrewMoh
> @0xDefiLeo
> @Defi_Warhol
> @CryptMoose_
> @0xelonmoney
> @TheDeFiPlug
> @arndxt_xo
> @CryptoShiro_
> @the_smart_ape

You can also join my Telegram channel to receive the latest updates and news about web3 and crypto spaces.

Some Alpha information is exclusively shared there.

t.me/eli5definews

Found this thread helpful?

Show your support with:

🔵 Share
🔴 Like
🟠 Retweet
🟢 Bookmark

And follow @eli5_defi

Share this Scrolly Tale with your friends.

A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.

Keep scrolling