Is there still a drama in the public chain market? If there's no chance, let's take a look at Sonic Chain. Sonic Chain is a typical project of "old trees bloom, old trees spring" type, which is both new and old. Sonic's predecessor was FTM Chain (fantom), which was the project of the man "AC" who dominated DeFi in the last round, commonly known as the "king of DeFi". "AC series" once became synonymous with wealth This round, due to the skyrocketing effect brought by the NFT Derps and the golden shovel, Sonic points exploded. Many people may not be familiar with Sonic Chain yet, so let me briefly explain the entire framework of Sonic You can understand @ SonicLabs as the "FTM Super Upgraded Version", and FTM is one of the strongest public chains in the previous DeFi wave, no less than the Sol chain in this round. In this way, you should be able to understand the state of the previous FTM chain. In short, the previous FTM chain was very strong, and it is an EVM chain that is compatible with Ethereum virtual machines. It is not L2, but an independent L1 As an upgraded version of FTM, Sonic Chain has a faster processing speed of over 10000 transactions per second, with confirmation time for each transaction being less than one second. And the most prominent feature of fee monetization (FeeM) In the economic design of Sonic Chain, developers can receive 90% of the network transaction fees generated by their Sonic applications, breaking the trend of launching expensive "application chains" that increase infrastructure and maintenance costs and bring complex interoperability. By deploying on Sonic, developers can access built-in world-class infrastructure and incentive mechanisms without any complexity. This design is very clever. Let's compare it with other chains. The transaction fees brought by the application are actually paid to the chain. The chain is actually more of a bloodsucking application, and the application itself requires development iteration costs and maintenance costs. When the application itself cannot obtain more dividends, it will inevitably levy taxes on users, leading to the continuous vitality of the chain ecosystem being drained The design of fee monetization (FeeM) is equivalent to transferring most of the dividends of the chain itself to application developers, essentially benefiting users and forming a healthy ecological vitality operation. This design is worth learning from for all chains When it comes to giving benefits to users, Sonic Chain has achieved the ultimate goal. In the next 1-2 years, Sonic Chain will provide 200 million S airdrop points, which users can earn points by holding tokens on Sonic and using them in DeFi applications on the network. At the end of each quarter, these points can be exchanged for free S tokens This airdrop points program quickly helped Sonic Chain complete its liquidity cold start and develop rapidly. Currently, Sonic Chain's TVL has reached the $1 billion level, ranking 11th among all chains If it is only infrastructure optimization and point airdrop activities, it is difficult to support further breakthroughs in a public chain. The ultimate focus is still on the ecosystem, that is, various applications on the Sonic chain, because these applications are facing C-end users and are the front line of the ecosystem The earliest project to break through the Sonic chain ecosystem in people's sight is @ derpedewdz. Derps NFT holders enjoy token airdrop benefits from multiple projects within the Sonic ecosystem due to their "equity" nature. The most significant case is the SHADOW token airdrop received from Shadow Exchange (Sonic Chain DEX), where each Derps NFT received approximately 2000 SHADOW, and the OG series Derpe Dewdz (limited to 100) received approximately 8500 SHADOW So the price of Derps NFT has also skyrocketed, cultivating a group of core users. Sometimes when browsing Twitter, you will find that players on the core Sonic chain have Derps NFT avatars, which has almost become a standard feature for Sonic chain veterans The SHADOW token airdropped is backed by a ve (3,3) model DEX, but @ ShadowOnSonic's ve (3,3) model is an upgraded and optimized version called the x (3,3) incentive model Cancel the 4-year lock up requirement for ve (3,3), and xSHADOW holders can choose to withdraw immediately (50% penalty) or linearly for up to 6 months (such as 3 months, 1: 0.73 ratio), significantly reducing the participation threshold PvP Rebase mechanism: Through the "player to player" anti dilution mechanism, the confiscated tokens of early dropouts are redistributed to the remaining xSHADOW holders, protecting long-term participants from dilution and enhancing ecological stability. In addition, utilizing Sonic Labs' Fee Monetization (FeeM) mechanism, Shadow Exchange obtains a 90% gas fee refund, reducing the cost of high-frequency operations such as arbitrage and pool management Have you discovered the power of fee monetization (FeeM) design here, which ultimately benefits users directly? SHADOW also brings investors a 20 fold return rate due to its secondary price Of course, Sonic Chain also has other DEXs, such as SwapX, which highly integrate equity NFTs with DeFi gameplay. We won't go into detail here, but mainly focus on the core ecosystem It is not difficult to find that AC's Sonic chain operation style is the ultimate liquidity gameplay, with various DeFi nested together to form a flywheel effect, playing DeFi nesting dolls to the extreme, absorbing a large amount of liquidity, and the ultimate endpoint of this extreme is @ Rings_Protocol Rings Protocol is a dual savings account that supports USD, Ethereum, and Bitcoin, enabling liquidity providers (LPs) to securely and efficiently mint synthetic assets such as scUSD (a stablecoin pegged to the USD), scETH (a synthetic Ethereum derivative), and scBTC (a synthetic Bitcoin derivative) Allow users to deposit various tokens, from stablecoins to Ethereum and LBTC, eBTC Bitcoin derivatives. Users can deposit these assets into the Rings Protocol and mint profitable "sc" versions of assets, including scUSD and scETH, in addition to scBTC And these assets can also participate in Sonic's points airdrop program, and Rings further utilizes Veda Labs' farm strategy to generate revenue and feedback to users through Ethereum and Sonic's protocol, using the deposited assets to generate returns Taking ETH as an example, these assets are automatically cultivated through Veda BoringVaults on Ethereum, and the generated income is regularly converted into scUSD and bridged back to Sonic for use by DeFi applications within the ecosystem. Rings effectively utilize Ethereum's mature DeFi ecosystem to generate income for Sonic, filling Sonic's liquidity gap as an emerging chain Of course, there are also BTC assets, and the collaboration with Lombard Finance (launching scBTC) will expand the influence of Rings to the BTC DeFi field. The significance of the Rings project is to provide deep liquidity for Sonic DeFi and sustainable potential for its development. It is a new DeFi engine for the Sonic ecosystem Sonic, as a successful transformation of the old chain, is worth learning for every chain in the current fierce competition between chains. Sonic is not just about optimizing infrastructure technology, but also deeply embedding liquidity gameplay and operational thinking that benefits users Why is it difficult for DeFi Flywheel to run on other chains? Although the gameplay is similar, even if Sonic Chain iterates and optimizes the gameplay, other chains can quickly imitate it. But why is it difficult to imitate? The core point is to "make users think" Whether it's Derps, SHADOW, or other projects on the Sonic chain, they provide users with sufficient time windows for participation in the secondary price. The projects are highly interconnected, and you empower me, and I empower you. This is the genetic code for the rapid rise of the Sonic chain