The old tree blooms new flowers, the sound ecosystem is growing against the trend, a list of the most important local defi projects

Author: Castle Labs

Compiled by: Felix, Panews

The last two months have been one of the most challenging periods in the crypto room, with the players being in droves and liquidity the most delicious goods in the room.

Individual ecosystems are also about growth problems, but Sonic fought through the bloodbath.

Out of Fantom To sound

From a technical point of view, the transition from Fantom to Sonic turns the chain into one of the best EVM -L1s:

• 10,000 TPS
• End habits under second
• Solidity/vyper support

Thanks to the incremental sound consensus, these functions continue to improve quickly: on average, they are 2.04 -faster and use 67.8% less memory.

In addition, several incentive programs contribute to strengthening the community and to extract new developers and users:

• FEEM (monetization of the fee): Apps can earn 90% of the fees that you generate
• Innovator funds: 200 million US dollars to support applications and to promote new initiatives
• Airdrop: about 200 million US dollars to reward users

Ecosystem updates

TVL growth: Among the 25 best chains from TVL, only three chains recorded an increase in the last month, with Sonic recording the greatest increase.

 Source: DeFiLlama

FEEM: Over 900,000 US dollars were assigned to projects that generate fees in the network, with a value of over 500,000 USD.

A developed ecosystem

Aave uses his credit market in Sonic Network. Users can borrow incentives for AAVE, deliver and bring in an AVE. The first assets include $ USD, $ weth and $ WS. In addition, Sonic and AAVE also offer incentives of $ 15 million or $ 800,000 to attract users. The newly added market reached the supply cap on the first day.

Lamaswap: Defillama adds Sonic Labs to the list of supported chains. Users can use Defillama to replace tokens more efficiently.

Trust Wallet also announced the integration of Sonic (S), with which users can manage assets in the Sonic chain within the wallet, including sending, receiving and saving the native S -toxes and tenses, which were exhibited based on Sonic.

In addition, Jumper is started on Sonic and users can close to Sonic via Jumper token.

Local project

Shadow exchange : Shadow Exchange is a Dex platform that uses the (3.3) model that was popular in the last cycle and enables users to achieve above-average APY returns on their pools. Shadow is also the 5th Dex in the last 7 days.

Related reading: 20 times in three weeks, Shadow Exchange, which takes on the X (3,3) Beans model, turns into a Sonic Defi Engine?

Stream financing : Stream Finance is an earnings product that grew in 10 days thanks to the vault from 0 to $ 25 million, in which users can select USDC pools with up to 25% APY.

Swapx : Swapx is a Dex that was built on algebra and is the first modular AMM with a V4 plugin. The most important functions include:

• Algebra integral as the main engine
• Support modular upgrades to add new functions without disturbing the liquidity and at the same time maintaining the self -sufficiency of users.
• PU (3.3) token model

Hand of God : Hand of God is a AI-controlled defi protocol that is inspired by the original grave financial model that optimizes governance through real-time data analysis. The current TVL costs about 19 million US dollars.

Egg financing : Eggs Finance is a Defi protocol with which user $ Eggs with $ s Mint egg eggs, use $ Eggs as collateral to borrow more US dollar and maximize the lever strategies.

Read relatives: Which other asset codes are worth paying attention to in the Sonic ecosystem?

metropolis : Metropolis is a DLMM-Dex that combines AMM and order book functions to enable zero-lipping trading and high APY returns.

Related reading: After the wonderful change of the name, you will understand the latest status of the Sonic Ecosystem