As hot spots shift, will opportunities and hot money come in?
At a time when the market is in a chaotic cycle of disordered fluctuations, Sonic, formerly known as Fantom, has once again re-entered the market with its old business of DeFi. The main currency $S has skyrocketed this week, and the overall TVL of the ecosystem has doubled in a week. The growth of various DeFi tokens in the ecosystem is even more amazing. The leading project $Shadow has the highest weekly growth of more than 500%. The same growth has occurred in almost every high-quality project in the Sonic ecosystem in the past week.
The recovery of Sonic's ecosystem is undoubtedly due to the high quality of its own DeFi ecosystem, which has brought a lot of external growth. A large part of the popularity is also attributed to Sonic's ecological spiritual pillar - the founder AC (Andre Cronje) has been frantically calling orders and surfing 24 hours a day. No matter whether it is DeFi or Meme, as long as it is a project within its own ecosystem, he will almost always respond and forward it crazily.
As the sentiment for Solana and BSC recedes and on-chain liquidity has yet to find a new outlet, we have taken stock of some projects worth paying attention to in the Sonic ecosystem, and see how Fantom OGs can participate in the Sonic ecosystem that has been accumulating for three years.
DeFi
$SHADOW (@ShadowOnSonic)
Contract address: 0x3333b97138D4b086720b5aE8A7844b1345a33333
Current market value: $38 million
Peak market value: $45 million
The recent popularity of Sonic's DeFi is closely related to Shadow's token $SHADOW. Shadow is a DEX based on the x(3,3) model in the Sonic ecosystem. Its innovative highlight is that it transforms the traditional lock-up to earn ve(3,3) gameplay into the x(3,3) "early withdrawal penalty, and sharing of profits" mutual assistance model.
Users can deposit $SHADOW to obtain a pledge certificate $xSHADOW to obtain income from various protocols. At the same time, they can withdraw from staking at any time, but a certain percentage (depending on the holding time) of tokens will be deducted as an early withdrawal penalty, and the deducted tokens will be distributed to users who keep staking.
This innovation brings high staking returns to $xSHADOW holders, and also makes Shadow's TVL rise sharply:
Beets.fi (@beets_fi)
Beets.fi (Beets for short) is the LST center in the Sonic ecosystem, developed and upgraded by the Beethoven X team. As Fantom transitions to Sonic, Beets transforms from a DEX to Sonic's core staking and liquidity infrastructure project, becoming a pillar project of the Sonic ecosystem, suitable for users who seek stable returns and long-term participation.
Users can obtain liquidity staking certificates $stS by staking $S, which not only retains network staking income but also maintains asset liquidity. The automatic compounding mechanism designed by it allows the income to continue to accumulate. The platform builds a diverse liquidity pool matrix through $stS, such as the $wOS/$stS pool in cooperation with Origin Protocol, allowing users to capture multiple benefits while maintaining $S exposure.
$EGGS (@eggsonsonic)
Contract address: 0xf26Ff70573ddc8a90Bd7865AF8d7d70B8Ff019bC
Current market value: $12.7 million
Peak market value: $13.7 million
Eggs Finance (Eggs for short) is a leveraged income protocol in the Sonic ecosystem. It combines leveraged income tools with Sonic's native token $S to create a capital circulation system within the ecosystem. The goal is to "allow $S holders to amplify their earnings while retaining their positions."
The operating mechanism of Eggs Finance can be summarized as “minting, leverage, and revenue cycle”:
Users can pledge $S to Eggs Finance to mint derivative tokens $EGGS, which are linked to $S but have leverage properties. The minting cost increases with the participation time. The cost is low for early users, and the $S paid by later users will partially flow back to early participants, forming a "Ponzi"-like profit cycle. After that, users can use $EGGS as collateral to borrow more $S, and then invest in other pools (such as ShadowOnSonic or Beets) to earn high returns. Someone on X mentioned that the short-term annualized rate of return of the $EGGS/$S pool was as high as 1800%.
Currently, Eggs Finance has been included in DeFi Llama, and transactions are mainly conducted on Sonic's DEX.
MEME Project
On February 7, Sonic officially held the Meme Mania competition, and selected 8 Sonic ecosystem Memecoin projects as winners between February 7 and March 8, 2025. The top 125 holders of the 8 winning Memecoins shared a total prize pool of 1 million $OS tokens (Sonic ecosystem’s liquidity staking certificate).
The Meme Mania event page has listed the top 8 Memecoins currently:
$GOGLZ (@GOGLZ_SONIC)
Contract address: 0x9FDBC3F8ABC05FA8F3AD3C17D2F806C1230C4564 24H transaction volume: 8 million USD
Current market value: $15 million
Peak market value: $20.7 million
$THC (@TinHat_Cat)
Contract address: 0x17Af1Df44444AB9091622e4Aa66dB5BB34E51aD5 24H transaction volume: 1 million USD
Current market value: $7.5 million
Peak market value: $9.5 million
$fSONIC (@fantomsonicinu)
Contract address: 0x05e31a691405d06708A355C029599c12d5da8b28 24H transaction volume: 664,000 USD
Current market value: $1.61 million
Peak market value: $1.97 million
$Indi (@indi_sonic)
Contract address: 0x4EEC869d847A6d13b0F6D1733C5DEC0d1E741B4f 24H transaction volume: 378,000 USD
Current market value: $4.53 million
$HEDGY (@hedgycoin)
Contract address: 0x6fB9897896Fe5D05025Eb43306675727887D0B7c 24H transaction volume: 500,000 USD
Current market value: $2.9 million
Peak market value: $3.6 million
$TYSG (@tysonicgodd)
Contract address: 0x56192E94434c4fd3278b4Fa53039293fB00DE3DB 24H transaction volume: 210,000 USD
Current market value: $977,000
Peak market value: $4 million
$FROQ (@FROQ_SONIC)
Contract address: 0x131F5AE1CBfEFe8EFbDf93dA23fa4d39F14a817c 24H transaction volume: 450,000 USD
Current market value: $1.42 million
Peak market value: $2.2 million
$SDOG (@sDOG_SONIC)
Contract address: 0x50Bc6e1DfF8039A4b967c1BF507ba5eA13fa18B6 24H transaction volume: 243,000 USD
Current market value: $857,000
Peak market value: $1.4 million
Note: Meme token prices fluctuate drastically and there is a high risk. Investors should fully assess the risks and participate with caution. This article only shares information based on market hotspots. The author and the platform do not guarantee the completeness and accuracy of the content of the article. At the same time, this article does not contain any investment advice.
