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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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