🟦The SONIC token debuted in the market as a Layer 2 solution for Sonic SVM on the Solana blockchain, aimed at enhancing the scalability of blockchain gaming. The token initially traded at $0.98, reaching a market valuation of $2.3 billion within the first hours of launch.
🟦SONIC is already available on major exchanges like Bybit, OKX, and Raydium. Bybit offers perpetual contracts with leverage up to 75x, while OKX and Raydium have launched spot trading. South Korean exchange Upbit has announced the listing of trading pairs in KRW, BTC, and USDT.
🟦The launch of SONIC strengthens the Solana ecosystem, making it more appealing to blockchain game developers and users. The fair launch of the token was ensured by Alpha Vault, which was successfully closed after achieving its objective.