Sonic
ClaimSonic is an EVM-compatible Layer-1 blockchain network built for high-speed transaction processing and decentralized application development.
Key numbers · TVL $20M · per DefiLlama · updated Oct 14
Overview
Sonic provides a blockchain infrastructure claiming approximately 400,000 transactions per second with sub-second confirmation times and an average transaction cost of $0.001. It is used by developers building decentralized applications and by users transacting in DeFi, replacing slower or more expensive EVM chains. The platform includes a native bridge (Sonic Gateway) connecting to Ethereum, a flagship stablecoin (USSD) backed by U.S. Treasuries, and a fee monetization model that returns 90% of app fees to developers.
Recent activity
Co-hosted TOKEN2049 Open Board: Founders & VC's / Singapore
Will attend Korea Blockchain Week and Token2049 Singapore, partnering with Hack Seasons and Cicada.
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Works with Circle for native USDC onchain and with Spendl for on-ramping and Mastercard spending.
Sonic V2.2 goes live Tuesday, September 22, 2026 with bundled transactions and new execution engine.
Introduces Simple Format Virtual Machine (SFVM) in V2.2 to remove prior code size restrictions
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Tested SFVM against the first 25 million blocks of Sonic mainnet activity
Launches V2.2 with network-sponsored transactions requiring no token payment
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Introduces successful-only sponsorship so budgets are spent only on successful transactions
Previously introduced protocol-level transaction sponsorship with v2.1.2
Now supports Bundled Transactions with delegate pattern enabling single-signature multi-step workflows on Sonic V2.2
Earlier
Bundled transactions now compose with Sonic's gas sponsorship system, charging sponsors only on bundle success.
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Bundled transactions work with existing EOA wallets like MetaMask, Rabby, Ledger, and Trezor with no migration required.
Provides three RPC methods: sonic_prepareBundle, sonic_submitBundle, sonic_getBundleInfo for bundle building.
Launches Sonic V2.2 with native Bundled Transactions for atomic multi-step execution.
Now offers Pre-Execution Checks to validate permissions and routes before a transaction is signed.
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Now applies Successful-only Sponsored Flows, covering gas fees only when a transaction succeeds.
Now supports gasless execution shown to wallets as 0 gwei transactions.
Now offers Sponsored Transactions letting applications cover user fees during onboarding or first actions.
Now offers Bundled Transactions for coordinating dependent transactions with fate-sharing and non-interleaving.
Raised $10M with Galaxy and added GSR as official market maker
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Passed inaugural governance vote clearing path for U.S. ETF, Nasdaq DAT, and Sonic USA
Mitchell Demeter joined Sonic as CEO
Completed a $6M token buyback
Charges an average transaction cost of $0.001
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Processes transactions at up to ~400k TPS with sub-second confirmation
Offers USSD stablecoin backed 1:1 by U.S. Treasuries, GENIUS Act compatible
Sonic Labs invests in FinChain to accelerate RWAs on Sonic
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CMCC Global launches $25M Resonance Fund to accelerate the Sonic ecosystem
Appoints Mitchell Demeter as CEO of Sonic Labs to drive global growth
Native USDC and CCTP V2 support is coming to Sonic, upgrading from bridged USDC.
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Sonic supports EIP-7702 account abstraction in its next upgrade.
