S (Sonic) rose 6.05% in the last 24 hours.

Gate News Bot report, on September 30, according to CoinMarketCap data, S (Sonic) is currently reported at $0.26, with a pump of 6.05% in the last 24 hours, reaching a high of $0.26 and a low of $0.23. The current market capitalization is approximately $739 million, an increase of $42.2 million compared to yesterday.

Sonic is the highest-performing EVM L1 blockchain, combining speed, incentives, and world-class infrastructure. Sonic offers developers unprecedented scalability and storage capacity, providing users with a fast and smooth experience. Sonic is the fastest settlement layer for digital assets, capable of processing over 400,000 transactions per second, with confirmation times approaching real-time and an average transaction cost of only $0.001.

Important news about S (Sonic) recently:

1️⃣ The Solana ecosystem continues to expand The Solana Foundation has recently reached strategic collaborations with several projects, including an investment in the AI blockchain platform Talus Network and a partnership with Helius Medical Technologies. These actions indicate that the Solana ecosystem is rapidly expanding, particularly in emerging fields such as AI and prediction markets. As an important project within the Solana ecosystem, Sonic is expected to benefit from this, attracting more developers and users.

2️⃣ Institutional investors continue to pay attention South Korean crypto capital BlockStreet injected 2,000 SOL liquidity into the CAT Terminal community, while several U.S. listed companies such as Sharps Technology and Forward Industries hold SOL on a large scale. This reflects institutional investors' confidence in the Solana ecosystem, which may indirectly promote the development and value enhancement of projects like Sonic.

3️⃣ Solana DeFi ecosystem is thriving Humidifi became the top DEX on Solana last week by trading volume, surpassing Meteora and Raydium. This indicates that DeFi activity on Solana is rapidly rising, providing a broader application space and market opportunities for high-performance blockchain projects like Sonic.

From a technical perspective, the price of S (Sonic) has broken through the $0.26 mark, showing strong pump momentum. However, investors still need to pay attention to the overall trends in the cryptocurrency market, as well as the ongoing development of the Solana ecosystem, as these factors will directly affect Sonic's long-term value and market performance.

This message is not an investment advice; investors should be aware of market volatility risks.