Sonic ($S) Analysis Report: Performance and Potential

This article will analyze the performance and potential of Sonic ($S) token, a project that has stood out with its price increase and technological upgrades.

At the beginning of 2025, the US stock market showed an optimistic trend. On Presidents' Day, the stock market was closed. After opening on Tuesday, the overall market sentiment was positive. The S&P 500 index rose slightly by 0.24%, setting a new record high, while the Nasdaq Composite Index also opened higher, rising by 0.07%.

In contrast to the strong performance of the US stock market, the crypto market came under pressure and pulled back. Recently, the entire cryptocurrency market has continued to experience a round of downward fluctuations, and the overall market sentiment seems to be sluggish, with trading volume and investor confidence being impacted to a certain extent. At the same time, the meme coin market is like a roller coaster, with prices jumping up and down, and the volatility is staggering. Many investors feel at a loss in such uncertainty. However, in such a weak and uncertain market environment, the S token has emerged as a dark horse, showing an impressive growth momentum. Not only has the price performance been stable, but the activity and support of the community behind it have also added a lot of highlights to this token. Compared with the ups and downs of other tokens, the outstanding performance of S has undoubtedly injected a bit of vitality into the current sluggish crypto market and has become one of the focuses of investors' attention.

Key points:

1. $S price is brewing to rise, with great potential

Sonic is an EVM layer 1 blockchain platform evolved from Fantom, focusing on providing high performance and scalability for decentralized applications. The platform supports the native token $S for transaction fees, staking, governance, and running validators. After the new network is launched, users holding old FTM tokens will be able to convert them to $S at a 1:1 ratio.

After the launch of the new Sonic network, $S, the native token of the platform, has attracted attention in the market with its stable price performance. According to relevant data, the price of $S has shown a brewing trend after the launch of the new network. Starting from around $0.43 at the beginning of the year, the price of $S has risen slowly and steadily. Although it encountered resistance at the moving average and fluctuated within a narrow range, it failed to fully reflect the impact of the improved fundamentals. It was not until early February that the price finally broke through the moving average and began to rise again.

However, despite the significant growth in TVL and the robust performance of on-chain data, the price of $S has been largely lagging behind. If $S can maintain above the $0.57 support level and steadily rise along the moving average, the subsequent trend is expected to further strengthen, with a target of around $0.72. Investors can continue to pay attention to the follow-up price changes of $S and combine them with on-chain data and other aspects to make comprehensive judgments.

2. Fantom upgrades to Sonic, with comprehensive optimization of fundamentals

Three aspects of upgrade

-Fantom Virtual Machine (FVM)

-Storage system (DataBase)

-Bridge (Sonic Gateway)

1) On-chain internal optimization:

Blockchain scalability challenges: Existing blockchains have a trade-off between decentralization, security, and scalability. Fantom plans to achieve a balance among the three.

Bottleneck analysis (Aida project): After testing 40 million blocks, it was found that EVM only accounted for 13% of the processing time, while StateDB accounted for 84%, and the storage system was the main bottleneck.

Storage upgrade (Carmen project): The existing Merkle Patricia Trie (MPT) solution has performance bottlenecks, and Fantom uses a new file-based StateDB to optimize storage efficiency.

Fantom Virtual Machine Upgrade (Tosca Project): FVM replaces EVM, supports Solidity and Vyper compatibility, and uses "super instructions" to improve execution efficiency.

Test results:

The FVM solution increases transaction speed by 8.1 times, reduces storage usage by 98%, and significantly optimizes network performance.

Fantom further enhances on-chain scalability by upgrading storage and virtual machine systems, improving transaction processing capabilities and reducing node operating costs.

2) Off-chain optimization:

Sonic Gateway is a decentralized cross-chain bridge designed to connect Ethereum and the Sonic network, aiming to improve interoperability while eliminating users' custody risks.

Sonic Gateway core features:

Allows secure transfer of ERC-20 assets between Ethereum and Sonic.

It takes about 10 minutes to transfer Ethereum to Sonic, and about 1 hour to transfer from Sonic back to Ethereum.

Safety mechanism:

Built-in failsafe mechanism: If the gateway is unavailable for 14 consecutive days, users can retrieve their assets on Ethereum.

The gateway status is monitored through the inter-chain "heartbeat" signal to ensure the security of user funds