Sonic's new upgrade doubles transaction speed – Can it push prices higher?
Portfolio Pulse from
Sonic announced a significant network upgrade (SonicCS 2.0) that doubles transaction validation speed to over 30,000 per second and reduces memory usage by 68%. The upgrade has attracted increased liquidity, with stablecoin volume reaching $425.96 million and bridged Total Value Locked at $1.445 billion. Both spot and derivative traders are showing bullish sentiment, with over $742,000 in S token purchases and a positive Open Interest Weighted Funding Rate.
March 28, 2025 | 12:15 pm
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POSITIVE IMPACT
Sonic's network upgrade and increasing liquidity suggest potential price appreciation for the S token. Spot and derivative traders are showing bullish sentiment, with significant token purchases and a positive funding rate.
The network upgrade improves transaction speed and reduces hardware requirements, potentially attracting more validators and users. Increased liquidity, positive trader sentiment, and growing stablecoin volume suggest potential price appreciation.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100