google-site-verification=l9c7JrpG7wqxNymxfkdPuCkHTfQpj2iKRGbjnyOvt_k
When Sonic Labs relaunched the Fantom Opera network as the Sonic blockchain late last year, the move was intended to bring new momentum to the project.
The S token has dropped nearly 70% since January, leaving Sonic lacking competitive resources and forcing it to re-adjust its strategy.
From Deficit to Invasion
Unlike many L1s who keep ~50% of tokens for strategy, Sonic only has <3% from Fantom, forced to buy back on the market.
To restructure, the project allocated $200 million in S tokens for expansion in the US, which was approved by the community with 99.99% support .
Step into Wall Street's Backyard
Sonic pivots to TradFi integration with plans to: establish a PIPE fund on Nasdaq, launch a token tracking product with an ETF provider >$10B AUM , establish Sonic USA LLC in New York with policy operations in Washington, and use BitGo as a custodian.
Trying to fix the supply problem
Sonic will adjust gas fees to increase the rate at which tokens are burned, creating deflationary pressure to balance out new issuance. The team calls this “tokenomics 2025,” both for survival and ambition.
The price to pay
Sonic's S token is currently in the bottom L1 tier, but industry insiders believe that Wall Street's alignment with new tokenomics could turn the market sentiment around in 2025.