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Sonic public chain TVL rises by 130% against the trend: Analysis of popular ecological projects
Sonic public chain has shown active performance recently, with TVL rising over 130% in a month.
The overall market is currently in a slump, with most projects experiencing a decline in activity and the prices of altcoins generally falling sharply. However, the Sonic public chain is going against the trend, with a total value locked (TVL) growth of over 130% in one month, ranking first among all public chains. Let's take a look at the recent developments of Sonic and the projects worth noting in its ecosystem.
Sonic Overview and Airdrop Event
Sonic is a public chain upgraded from Fantom. Fantom, as a Layer 1 public chain focused on DeFi and dApps, was highly sought after between 2021 and 2022, with a peak TVL of around $8 billion. However, due to a series of events, the stability and trust of the Fantom ecosystem were impacted, prompting its upgrade.
Sonic announced the issuance of a total of 190.5 million S tokens, employing a unique reward mechanism: 25% can be withdrawn immediately, while 75% will be gradually released in the form of tradable NFTs. Users can qualify through two methods: Points (for network participants) and Gems (for developers).
Sonic Points are divided into passive points and active points. Holding whitelist assets can earn passive points, while deploying whitelist assets in applications can earn active points. Certain specific assets can only earn active points, and the returns from active points are twice that of passive points.
Popular Projects in the Sonic Ecosystem
1. Sheep Coin Game
This is a strategic game ecosystem that combines blockchain asset management, NFT mechanisms, and DeFi protocols. Players can gain an advantage and earn profits by purchasing, minting, protecting, and attacking assets.
The game mechanics include:
The core of the game lies in the "wolf eating sheep" causing the sheep to continuously deflate, thereby pushing up the coin price. Players need to weigh risks and rewards and formulate appropriate strategies.
2. Petroleum Finance
Petroleum City is a blockchain game themed around oil extraction. Players refine crude oil (cOIL) by building, upgrading, and managing pumps (Pumps), and convert it into tradable $OIL to earn profits.
The core mechanics of the game include:
Game strategy recommendations:
The core cycle of Petroleum City is "producing cOIL → maintaining pumps → refining $OIL → reinvesting for upgrades". Players need to plan their production, refining, and upgrading strategies wisely to steadily obtain profits and expand their asset scale.