CM
CM|Feb 21, 2025 14:27
Follow Superchain and talk about Soneium The first thing that comes to mind about Japan's blockchain project is ADA, which doesn't have much ecosystem but consistently dominates the top 20 market capitalization. Another project that can meet expectations may be Soneium. From the background, Sony Block Solutions, a subsidiary of Sony Group established in Singapore in October 2023, holds a 90% stake in this project. A few key points: 1. Jointly developed by Sony subsidiary and Astar's development company 2. In theory, there is a chain of opportunities to break through, which is still in its early stages 3. Sony Bank is exploring Japanese yen stablecoins 4. Mainly targeting DeFi, payment, and entertainment applications 5. The Astar behind it is also L1 from Japan, with a financing of 35M DeFi is basically done by every chain, and in terms of payments, it may be related to stablecoin business. In terms of entertainment applications, it is Soneium's strength and may cooperate with well-known Sony IPs. Astar @ AstarNetwork is deeply bound to Soneium, and Sony is unlikely to issue coins in the short term, ASTR is Soneium's core asset. Currently, in this ACS campaign, Astar has deployed 100M ASTR to deposit users using the PointsFi model, incentivizing users to deposit and guiding early liquidity through point based rewards. Currently, most of the funds require LP deposits. In summary, there is a clear potential advantage, which is that with Sony as a global technology giant, Soneium has advantages in terms of funding, brand influence, and electronic entertainment experience. At the same time, with Astar's external support, it can attract and motivate users in the early stages. The challenge we face is the fierce competition in L2, and we need to find our own niche track to break through. This has been verified, and repeatedly producing platform level products similar to Ethereum will make the positions of these L2 highly overlapping. Soneium's correct path is to truly follow the "Sony Professional Chain" and do what they are good at.
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