ChainCatcher news, Andre Cronje, co-founder of Sonic Labs (formerly Fantom), posted on the X platform stating, "In the past, we would argue over issues like a feature controlled by an external account that does not affect assets, or a contract controlled by multi-signature rather than time-lock. Now, presidents and nations are 'bottom-fishing' us in a completely illegal manner."When asked if he regrets returning to the crypto space, Cronje responded that this is simply a result of broader adoption, and the meme coin craze does not conflict with his work. "The participants in meme coins are a group that is completely indifferent to DeFi or even blockchain. So meme coins haven't taken away any attention because the participants were never part of our user base."

ChainCatcher news, Sonic Labs founder Andre Cronje recently posted on X criticizing the handling of profits by Ethereum L2 solutions and the potential inconsistency with Ethereum's decentralization principles, "I don't understand how Ethereum users convince themselves. L2 is the reason for Ethereum's inflation again."The focus of this debate is on two competing visions for Ethereum's scalability. Critics argue that L2 generates substantial revenue but only returns a small portion of data availability and security to Ethereum.Supporters of decentralized scaling, including Cronje, advocate for directly using solutions like Sonic to enhance Ethereum's base layer, reducing reliance on external L2 providers.CryptoQuant's research director Julio Moreno pointed out that Ethereum's supply has now exceeded pre-merge levels (September 2022), confirming that the network has returned to inflation. To address the inefficiencies of Ethereum L2 solutions, Cronje proposed leveraging Sonic's technology to bypass the limitations of centralized models.Previously, members of the Sonic Labs team publicly questioned the revenue flow of the Base sequencer, implying that the Base team was dumping ETH, to which members of the Base team responded with rebuttals.

ChainCatcher news, UXLINK officially announced that its ecological airdrop event has officially started. This airdrop event will cover multiple popular projects, including $SONIC, $DUCK, $MOZ, $PINGO, $OBT, $INVITE, and $AIRDROP, among others. The purpose of this airdrop event is to empower $UXLINK, and it is expected to attract more users to stake $UXLINK to participate in the ecological airdrop event.$UXLINK is the only universal token of the UXLINK ecosystem and is the core asset of UXLINK ONE Chain. This airdrop event is launched in collaboration with the UXLINK ecological fund UFLY Labs and many ecological partners. Users participating in the second season of UXLINK staking will be eligible to receive this ecological airdrop. The airdrop event is expected to be completed before 10:00 UTC on January 24, 2025.According to the person in charge of the UXLINK ecosystem, similar airdrop events will be held multiple times to fully empower $UXLINK. In the future, UXLINK will continue to promote the sustainable development of the Web3 social field through technological innovation and ecological cooperation.

ChainCatcher news, the Web3 liquidity infrastructure project Orderly announced that it has successfully deployed a chain-agnostic infrastructure to the EVM Layer1 project Sonic. This integration introduces Orderly's cross-chain order book, providing deep liquidity support for the Sonic ecosystem.This deployment will significantly optimize the trading experience for Sonic users while providing developers with robust infrastructure to help them build decentralized exchanges and perpetual contract services. Orderly has completed deployments on multiple EVM-compatible networks, including Solana.Through this integration on the Sonic EVM network, developers can leverage Orderly's cross-chain order book to overcome the liquidity limitations of native assets and build more competitive trading solutions. Additionally, Sonic will distribute approximately 200 million S tokens as an airdrop to incentivize ecosystem development.

ChainCatcher news, according to the official announcement, OKX has completed the swap of Fantom (FTM) tokens and will soon launch Sonic (S), with the following schedule:S deposit opening time: January 21, 2025, 11:00 AM (UTC+8)S/USDT collective auction time: January 21, 2025, 2:00 PM to 3:00 PM (UTC+8)S/USDT spot trading opening time: January 21, 2025, 3:00 PM (UTC+8)S withdrawal opening time: January 21, 2025, 7:00 PM (UTC+8)

ChainCatcher news, according to the official announcement, Binance will launch flexible and fixed products for Sonic (S) on Simple Earn at 8:00 AM (UTC) on January 16, 2025, and will support S purchases in Auto-Invest starting at 10:00 AM (UTC) on January 17, 2025.In addition, Binance will add S as a borrowable asset in margin trading at 11:00 AM (UTC) on January 16, 2025, and will launch S/USDT and S/USDC trading pairs. Binance Futures will launch the SUSDT perpetual contract at 10:00 AM (UTC) on January 16, 2025, with a maximum leverage of 75 times.

ChainCatcher news, according to the official announcement, Binance Wealth Management, One-Click Buy, Flash Exchange, Leverage, and Contracts will launch Sonic (S). Binance will launch the S 1-75x USDT perpetual contract on January 16, 2025, at 18:00 (UTC+8).

ChainCatcher news, Sonic Labs (formerly Fantom) has released details of the S token airdrop plan. Users can earn points through three methods: the first type is passive points, which users can earn by holding whitelisted assets in their Web3 wallets (such as Rabby, MetaMask, and hardware wallets), but holdings in centralized exchanges do not count; the second type is activity points, which can be earned by providing whitelisted assets as liquidity in participating projects; the third type is DApps points, where developers can compete for allocation quotas called "Sonic Gems" and distribute S tokens to users through customized point programs.

ChainCatcher news, according to Cointelegraph, Sonic Labs (formerly Fantom) has launched a new DeFi reward model through its Sonic Points program. The system allows users to earn Sonic Points by interacting with assets and applications on the whitelist, providing a way to track participation across multiple cycles.Additionally, extra incentives can be distributed through Sonic Gems, offering users more opportunities to engage and integrate into the ecosystem. The Sonic Points dashboard enables users to track and discover eligible applications, providing a simple and sustainable method for DeFi rewards.

ChainCatcher news, according to an announcement from Sonic Labs, LBTC developed by Lombard Finance is about to launch on Sonic. LBTC is a yield-bearing liquid staking token backed by Bitcoin, aimed at transforming Bitcoin from a store of value into a productive asset, providing additional returns for holders.

ChainCatcher news, according to official sources, South Korean cryptocurrency exchange Bithumb has announced the addition of Sonic SVM (SONIC), Safe (SAFE) KRW trading pairs, as well as AHT Token (AHT) KRW and BTC trading pairs.

ChainCatcher news, USDC issuer Circle tweeted that cross-chain USDC is now available on Sonic. The integration with Sonic reduces liquidity fragmentation and provides a potential pathway for future upgrades of native USDC on Sonic.

ChainCatcher news, the Bitcoin staking protocol Solv Protocol announced that SolvBTC and SolvBTC.LSTs have been launched on the Sonic Labs mainnet, allowing users to cross-chain their Bitcoin assets to the Sonic ecosystem.

ChainCatcher news, HashKey Global has launched the SONIC USDT perpetual contract, supporting up to 20x leverage, providing users with a flexible and efficient trading experience. This contract is a U-based perpetual contract, with the underlying asset being the SONIC / USDT index, and the settlement currency being USDT. The contract value is 1 SONIC, the minimum price fluctuation is 0.0001, the funding fee cap is +0.75%/-0.75%, and the funding fees are settled every 8 hours, supporting 24/7 uninterrupted trading.For more details, please visit: global.hashkey.com

ChainCatcher news, Sonic SVM (SONIC) and Galaxy Interactive announced the joint launch of the G.A.M.E. (Game, AI, Meme, Ecosystem) Fund No. 1, aimed at promoting the development of Web3 games, AI Agents, and TikTok Web3 application layers within the Sonic SVM ecosystem.The first round of funding has been confirmed for mobile casual gaming giant Gomble Games, which plans to become the first large casual game to expand into the Sonic TikTok application layer. Gomble Games has received support from Binance Labs and Animoca Brands, and in 2023, it ranked first and fifth in global mobile game downloads in South Korea and worldwide, respectively, with over 110 million unique users globally.