SONIC Sonic SVM ( SONIC ) Price Live Chart

Sonic SVM is an innovative Layer 2 solution on the Solana blockchain, designed to enhance scalability and performance for gaming applications and decentralized platforms. Leveraging the Sonic HyperGrid framework, it introduces a parallel processing system that enables high-speed, low-cost transactions, making it particularly suitable for complex gaming ecosystems.

As of January 11, 2025, the SONIC token is trading at approximately $0.7725, with a 24-hour trading volume of around $387.8 million. The circulating supply stands at 360 million tokens, leading to a market capitalization of approximately $279.78 million.

Sonic SVM has recently launched a multimillion-dollar fund to support Web3 gaming and AI projects. This initiative aims to provide up to $1 million per project, fostering innovation and development within the HyperGrid ecosystem.

The platform's vision is to expand the existing Solana gaming ecosystem to process millions of requests per second per game, settling them back onto Solana's Layer 1. This approach seeks to unlock new experiences for both developers and players, contributing to the broader adoption of Web3 technologies.

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