Sonic

Solana

Sonic (prev. FTM)

<ul class="wp-block-list"> 
 <li>The Solana’s top layer two scaling solution will allocate a percentage of its upcoming airdrop to Solayer users who delegate SOLs to Sonic AVS.</li> 
</ul> 
<ul class="wp-block-list"> 
 <li>The snapshot to capture all qualifying delegations from Solayer and its powered protocols like Adrastea will happen in Q1 2025.</li> 
</ul> 
<ul class="wp-block-list"> 
 <li>The Sonic network is keen to enhance the Solana gaming ecosystem by scaling the underlying throughput.</li> 
</ul> 
<a href="https://www.sonic.game/" target="_blank" rel="noreferrer noopener nofollow">Sonic network</a>, a fast-growing Solana Virtual Machine (SVM) focused on onboarding billions of web3 users through the gaming and DeFi space, has announced new details for its upcoming token airdrop. As the Sonic Network team prepares for the token generation event in the first quarter of 2025, a portion of the tokens have been set aside for the <a href="https://solayer.org/" target="_blank" rel="noreferrer noopener nofollow">Solayer</a> – a restaking protocol on the Solana network – users who have delegated their SOLs or eligible Liquid Staking Tokens (LSTs) to the Sonic’s Actively Validated Service (AVS). 
The initiative is geared towards strengthening the pre-existing partnership between Solayer protocol and the Sonic network. Notably, Sonic network became the mainnet launch partner for the Solayer protocol in mid-August 2024.&nbsp; 
Remarkably, Sonic network has become the largest SVM on the Solayer protocol with more than $80 million worth of SOL delegated by over 81,000 unique users. 
<h3 class="wp-block-heading" id="h-key-details-of-the-sonic-airdrop-to-some-solayer-users">Key Details of the Sonic Airdrop to Some Solayer Users</h3> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc_3QoyIFKCrg5s5b3475_NwGMcuC1mrBjnWJsE3DPX5Di2DOha6fCfB3qAD2NPRB8leNO9U4NCUJqE07O9d4cQwVL9pOfWfFdE2cVv_36ez6p06pVqaXCna_VeUQ_42viD0kXC?key=-Vf6xI0btK2mJ-Ube0K-K2yt" alt="">
</figure> 
Following the notable growth of the Solana ecosystem, fueled by rising demand from retail traders and institutional investors, the Sonic token airdrop is expected to be one of the largest during the first quarter of 2025. Furthermore, more than 81 million unique active users have delegated their staked SOLs on the Solayer protocol to Sonic AVS.&nbsp; 
Additionally, the Sonic team intends to involve users in restaking protocols powered by the Solayer platform including <a href="https://adrastea.fi/">Adrastea</a>. The snapshot to identify the eligible Solayer platform users for the Sonic token airdrop will happen before the token generation event (TGE), which is scheduled to happen during the first quarter of 2025. 
“The airdrop confirmation signals our commitment to empowering those who have played a pivotal role in the growth of Sonic’s AVS. By rewarding Solayer delegators and Adrastea participants, we’re not only incentivizing broader participation but also ensuring that the users who have believed in Sonic’s vision from the start benefit directly from our growth,” Chris Zhu, CEO at Sonic network, noted. 
<h3 class="wp-block-heading" id="h-market-picture">Market Picture</h3> 
The Sonic network is built on top of the first concurrent scaling framework for the Solana ecosystem dubbed HyperGrid, which is set to introduce customizable and scalable smart contracts. In mid-June, Sonic Network announced that it had raised $12 million in a Series A funding round led by BITKRAFT and participation by Galaxy Interactive, and Big Brain Holdings, among others.&nbsp; 
Having raised $16 million to date, Sonic network is well positioned to onboarding more users to the Solana ecosystem through highly fluid games. Furthermore, the Sonic network introduced RUSH, a revolutionary framework to enable game developers to build full-onchain games (FOCGs) and autonomous worlds with minimal blockchain expertise.

Sonic L2 Network Announces Plans to Allocate Portion of its Upcoming Token Airdrop to Some Solayer Users

Table of Contents

TheNewsCrypto

Other articles published on Dec 13, 2024

First U.S. Crypto Tax Evader Sentenced to Prison in Historic Case

XYRO Social Trading Platform Surpasses $3.5M in Volume Just Weeks After Mainnet Launch

Ripple’s CEO Now Talks About XRP Integration To Other Sectors

LINK and AAVE Surges Amid Accumulation By Trump’s World Liberty: Are More Gains On Horizon?

Tired of Waiting for SOL at $300? This $0.06 Multichain AI Token Predicted to Hit $100 After Exch...

SEC vs Elon Musk: Ripple Advocate Highlights Legal Inequality

Join our free newsletter for daily crypto updates!