Sponsor: Mantle — Mantle is building the largest sustainable hub for onchain finance.
Sonic (an evolution of Fantom) is an L2 EVM blockchain focused on DeFi. Its main appeals for builders and participants are its fee structure and speed. It’s become a very popular chain for DeFi enthusiasts, ranking 13th in TVL currently at $710 million and growing.
Its native token, S, is used as gas to pay for transaction fees to interact with its many apps. Sonic is distributing 190,500,000 S tokens as part of an airdrop campaign to reward participants in the network. The first season of the airdrop will conclude around June 2025, with 25% of the allocation immediately available and 75% vested over 270 days (as NFTs, and therefore, these positions will be transferable).
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