TVL growth data is impressive.

Recently, the market has been in a narrative vacuum, meme coins have cooled off, on-chain activity on Solana has sharply decreased, and most altcoins have dropped over 80% within three months. However, there is one public chain that has seen its TVL grow by over 130% in just one month, ranking first among all public chains, and that is Sonic.

What activities has Sonic recently undertaken? What key projects are worth paying attention to? Let WOO X Research take a look!

Reference: Defillama

What is Sonic? What is the recent airdrop activity?

Sonic is the successor to Fantom, which is a Layer 1 public chain launched in 2019, focusing on DeFi and dApps. It was extremely popular from 2021 to 2022, reaching a peak TVL of around $8 billion. In 2022, AC announced a temporary exit from the DeFi industry, leading to a decline in market confidence in Fantom. In July 2023, a vulnerability occurred in the cross-chain bridge Multichain, causing stablecoins issued by the bridge contract on Fantom (such as USDC-MULTI, fUSDT-MULTI, etc.) to significantly depeg, affecting the stability and trust of the entire ecosystem. Against this backdrop, Fantom proposed an upgrade to Sonic.

Sonic announced the issuance of a total of 190.5 million S tokens, with the reward mechanism divided into two parts: 25% of the rewards can be withdrawn immediately, while the remaining 75% will be gradually released in the form of tradable NFTs. Users can qualify through two pathways:

• Points (for network participants)

• Gems (for developers). The potential returns from these pathways may far exceed those of typical speculative airdrops.

Sonic Points are user-oriented airdrop points, divided into passive points and active points. Holding whitelisted assets in a Web3 wallet earns passive points, while deploying whitelisted assets in applications earns active points; WETH, SolvBTC, and SolvBTC.BBN can only earn active points. The yield from active points is double that of passive points.

Sonic Popular Projects

Sheep Coin (@SheepCoin69)

Reference: @SheepCoin69

Sonic's Wolf-Sheep game is a strategic game ecosystem that combines blockchain asset management, NFT mechanisms, and DeFi protocols. Players can establish their advantages and earn profits by purchasing, minting, protecting, and attacking assets.

Buying Sheep Coin: Players can use $S to purchase Sheep Coin at a 1:1 ratio. In this process, 95% of Sonic Tokens will be provided to Sheep Coin as liquidity. After launch, Sheep Coin can be freely traded.

Minting Wolf NFTs: Players can use Sheep Coin and $S to mint Wolf NFTs. The cost of minting increases with each subsequent mint (the first requires 1 Sheep, the second requires 2 Sheep, and so on), and all Sheep Coin used for minting will be permanently destroyed. This means that each minting will reduce the total supply.

Wolf NFT Mechanism: Wolf NFTs are assets with attack properties in the game, and their behavior patterns are as follows:

• Each Wolf needs to eat Sheep daily, with the consumption increasing with the number of days (1 Sheep on the first day, 2 Sheep on the second day, and so on).

• If a Wolf does not eat Sheep for 7 consecutive days, it will become unusable (presumably unable to generate profits or participate in the game).

Wolves can eat in two ways:

• Liquidity Pool: If a Wolf eats Sheep from the liquidity pool, 100% of the Sheep will be destroyed. Each Wolf can eat from the liquidity pool a maximum of 3 times.

• Wallet (own or others): If a Wolf eats Sheep from a wallet, 25% of the Sheep will be given to the Wolf owner, and the remaining 75% will be destroyed.

Sheep Dog Protection Mechanism: Players can deposit their Sheep into a Sheep Dog for protection. To withdraw, players must activate "sleep mode," wait for 2 days, and pay a fee.

Sheep Dog Reward Mechanism: Sheep stored in the Sheep Dog can earn S rewards through an annual percentage rate (APR). Additionally, the fees paid when players withdraw assets will also be part of the rewards.

Here is an interpretation of the game

Core Idea: Through "wolves eating sheep," leading to continuous deflation of sheep, thereby driving up the coin price.

• Although the number of sheep will gradually decrease, the Sonic Tokens allocated in the liquidity pool will not decrease, meaning the value of holding sheep has the potential to stabilize and rise. However, players still need to bear the risk of being attacked by wolves.

About Wolves: High cost, high risk, but also potential high returns.

• The minting cost of wolves will gradually increase depending on the order of minting, and profitability largely depends on whether they can eat other players' sheep. If wolves cannot eat for a long time or starve, it may lead to investment losses.

• If there are a large number of wolves in the market at the same time, the competition for sheep will be more intense; but if the number of wolves is limited, the speed at which sheep are destroyed may not be able to support the rapid return of wolves.

Sheep Dogs: Maintain with daily rent for safety and additional profits.

• A fixed rent of 10 S must be paid daily, of which 95% will be returned to everyone as APY. If the number of sheep held is too small, it will be difficult to recoup the rent; but if the number of sheep is sufficient, the appreciation of the protected sheep over time will be more attractive.

• The existence of Sheep Dogs is to prevent sheep from being eaten and to gain additional profits from continuously appreciating sheep.

Game Theory Question 1: Is it worth investing in minting wolves?

• The minting fees for wolves are competitive among players; minting early can gain an advantage, but one must also consider the intensity of competition and high costs.

• The feeding strategy of wolves is crucial: quickly eating in the short term can accelerate returns, but it will also cause a rapid increase in demand for sheep. If the feeding pace is slow, it may extend the wolf's survival and activity space, but the time to recoup costs will also be longer.

• Since sheep will gradually appreciate due to deflation, the returns from eating a sheep later may not necessarily be worse than earlier, making "when to eat" a major strategic consideration.

Game Theory Question 2: Should one rent a Sheep Dog?

• Regardless of how many sheep players have, they must pay the same rent. To earn back this rent through APY, a relatively large number of sheep is needed to spread the cost.

• The practical function of Sheep Dogs is to ensure that sheep are not eaten by wolves while enjoying the benefits of sheep coin appreciation.

Possible Situations and Corresponding Strategies

• Due to the high costs and uncertainties of wolves, there may not be a large number of players rushing to mint wolves; when wolves are relatively scarce, the speed at which sheep are destroyed may slow down, potentially delaying the profit cycle for wolves.

• If everyone chooses not to use Sheep Dogs, they may spread their sheep across multiple wallets to reduce the risk of being locked in attacks.

• There is no fixed "best solution" in the game, as the market and player actions can change at any time; to ultimately profit, one needs to continuously monitor ecological dynamics and flexibly adjust strategies.

Petroleum Finance (@Petroleum_Defi)

Petroleum City is a blockchain game themed around oil extraction. Players refine crude oil (cOIL) by building, upgrading, and managing pumps, converting it into tradable $OIL to earn profits. Here are the core mechanisms of the game:

1. Buy a plot

• Each player can purchase and customize their own plot to build an oil empire.

• Plots can be enhanced by adding pumps, decorations, etc., to increase production capacity.

1. Buy some Pumps

• Pumps are the core production tools of the game, and each pump will continuously produce cOIL (crude oil) automatically.

• Pumps can be upgraded to increase output, but over time they will gradually decay and need cOIL for repairs to continue production.

1. Add decorations

• Players can decorate their plots to enhance appearance and personal style.

• Suggestions for new decorations can be made through the App or Discord.

1. Refine your $cOIL

• The produced cOIL must be refined in a "Refinery" to become tradable $OIL.

• The lock-up period and tax rates for refining are as follows:

  • 0 - 1 day: cannot be withdrawn.

  • 1 - 2 days: withdrawal incurs a 10% tax.

  • 2 - 3 days: withdrawal incurs a 5% tax.

  • Over 3 days: tax-free withdrawal.

• The longer the refining time, the higher the returns.

Strategies and Suggestions

1. Ensure continuous production: Keep enough cOIL for pump repairs to avoid production interruptions.

2. Optimize refining strategy: Try to wait until after 3 days to withdraw $OIL to avoid high taxes.

3. Balance upgrades and decorations: Simultaneously enhance pump capacity and decoration effects to increase overall output.

Petroleum City revolves around the core loop of "producing cOIL → repairing pumps → refining into $OIL → reinvesting for upgrades." Players need to plan their production, refining, and upgrading strategies reasonably to stabilize profits and expand assets.

Reference: @Petroleum_Defi

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。