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Sonic Labs officially launches Sonic mainnet and launches 190.5 million S tokens airdrop plan to incentivize users and developers
Original source: Sonic Labs
Sonic Labs today officially announced the launch of Sonic Mainnet, an EVM-compatible Layer-1 blockchain platform dedicated to providing developers with excellent infrastructure and generous incentives.
Sonic Mainnet supports 10,000 transactions per second (TPS), achieves sub-second finality, and has a built-in decentralized Ethereum access gateway to help developers build next-generation applications on this unparalleled infrastructure and liquidity platform.
Sonic was created by the core team behind Fantom, and its native token S has achieved a major breakthrough compared to Fantom and FTM. Through a one-to-one upgrade mechanism, existing FTM holders can seamlessly switch to S and start using Sonic.
Sonic, with its mature technical experience, has positioned itself as the core of the DeFi ecosystem, innovating developer incentives while providing users with a smooth user experience and massive liquidity access.
Fee Monetization: Developers First
Sonic's fee monetization (FeeM) mechanism draws on the advertising revenue model widely used by platforms such as YouTube in the Web2 era, allowing developers to earn up to 90% of the network fees generated by their applications. Compared to many blockchains that only provide limited developer incentives and focus mainly on value extraction, Sonic's FeeM model effectively solves this problem.
Sam Harcourt, head of business development at Sonic Labs, said, "Recently, we have seen many new chains come online, especially some centralized Layer 2s, whose founding teams pocket all network fee revenue. This model excludes developers and forces them to charge users additional fees to obtain income. The FeeM model writes developer rewards directly into the chain, fundamentally ensuring that network fees can be shared with developers."
On the Sonic chain, developers can get a share of the network fees generated by the traffic and interaction attracted by their applications, providing them with a built-in continuous income mechanism.
From Fantom to Sonic: FTM Upgraded to S
Fantom and its token FTM are officially upgraded to Sonic and S tokens. Sonic Labs provides FTM holders with a one-to-one seamless upgrade service to convert FTM to S through a dedicated upgrade portal on the MySonic platform.
Sonic Labs CEO Michael Kong said, "The launch of Sonic Chain marks a new upgrade for Fantom. We built this revolutionary platform based on its nearly 100% stable operation record since 2019. Sonic prioritizes the needs of developers, enabling them to create applications with smooth user experience and earn revenue sharing from network fees."
During the first 90 days after the launch of the Sonic mainnet, holders can freely exchange between FTM and S tokens through the upgraded platform. After this period, holders will only be able to upgrade from FTM to S.
Sonic Gateway: Secure and decentralized cross-chain interoperability
With the rise of cross-chain activities, secure and trustless cross-chain bridges have become more important than ever. Traditional Layer-1 and Layer-2 cross-chain bridge solutions often rely on centralized systems, which can lead to billions of dollars in potential loss risks.
Sonic Gateway addresses these challenges and provides the following key features as a decentralized, trustless bridge between Ethereum and Sonic:
· Security:Built-in fault protection mechanism. If the Gateway stops operating for more than 14 days, user funds can be restored on Ethereum to ensure asset security.
· Efficient speed:Asset transfers use an efficient batch processing mechanism (processed every 10 minutes from Ethereum to Sonic and once an hour in the reverse direction). In addition, users can enable the Fast Lane function by paying a small fee to achieve instant cross-chain.
· Decentralization:Operated by Sonic's validators on both chains, the Sonic Gateway is as decentralized as the Sonic network itself, avoiding the risk of centralized manipulation.
Sonic Labs Chief Research Officer Bernhard Scholz said, "To enable users to achieve efficient and trustless asset management, we developed Sonic Gateway, a cross-chain bridge that can provide liquidity from other platforms. Through our validator support and built-in security protection mechanisms, Gateway allows users and applications to safely take advantage of the advantages and incentives brought by new liquidity."
Sonic Labs plans to expand Gateway to blockchains beyond Ethereum in the future, providing users with direct decentralized access to native assets on multiple blockchains.
Sonic Airdrop: S Token Distribution Program
To promote network growth, Sonic Labs has launched an airdrop program to distribute 190.5 million S Tokens, focusing on incentivizing users and developers. The program includes two incentive mechanisms:
· Sonic Points:Rewards early users, including early adopters, asset holders, and active participants.
· Sonic Gems:Rewards developers by encouraging the development of applications that drive user activity and innovation. Developers can convert Gems into S Tokens and share these tokens with users, incentivizing users to continue using the application.
About Sonic
Sonic is an EVM-compatible Layer-1 platform that provides developers with generous incentives and powerful infrastructure. The chain supports over 10,000 transactions per second (TPS), achieves sub-second confirmations, and enhances liquidity and asset security through a secure Ethereum gateway.
For more information, please visit the Sonic official website and follow Sonic's Twitter account.
This article comes from a contribution and does not represent the views of BlockBeats
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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.
The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.
Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.
Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.
The trading process has been streamlined into five steps:
· Choose the trading asset
· Select long or short
· Input position size and leverage
· Confirm order details
· Confirm and open the position
The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.
Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:
· End-to-end encrypted private groups supporting up to 1024 members
· End-to-end encrypted voice communication
· One-click position sharing
· One-click trade copying
On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.
By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.
Mixin has also introduced a referral incentive system based on trading behavior:
· Users can join with an invite code
· Up to 60% of trading fees as referral rewards
· Incentive mechanism designed for long-term, sustainable earnings
This model aims to drive user-driven network expansion and organic growth.
Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:
· Separation of transaction account and asset storage
· User full control over assets
· Platform does not custody user funds
· Built-in privacy mechanisms to reduce data exposure
The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.
Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.
The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.
Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.
This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."
The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.
Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.
Its core capabilities include:
· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations
· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets
· Decentralization: achieving full user control over assets without relying on custodial intermediaries
· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication
Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.
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