Sonic Labs launches points program for new EVM L1


6 recorded changes
Want your article here?
Promote with Leviathan News

6 recorded changes
Want your article here?
Promote with Leviathan NewsSonic Labs, the team behind the high-performance EVM-compatible Layer 1 Sonic blockchain reimagined from the Fantom network, has launched a points-based rewards program designed to bootstrap liquidity and broader DeFi activity on its new chain. The program underpins an airdrop of roughly ~190–200 million S tokens (around 6% of total supply), distributed to users based on their on-chain behavior and participation in the Sonic ecosystem. Sonic positions this framework as a key mechanism to attract users and capital, and to establish itself as a DeFi-focused hub with high throughput and low fees. The points system is structured in multiple layers to incentivize different types of participation. Sonic Points are user-focused airdrop points earned by holding or using whitelisted assets on Sonic, with rewards split into passive points for simply holding assets in self-custodial Web3 wallets and activity points for deploying those assets as liquidity or interacting with supported DeFi apps; activity points earn roughly 2x the rate of passive points. In parallel, a developer-oriented track called Sonic Gems allocates a portion of the airdrop to DeFi applications themselves, which then decide how to redistribute S tokens to their users, effectively creating competitive incentives among apps to drive engagement. Points are distributed over multiple seasons and represented as NFT positions, a design intended to avoid abrupt supply shocks while sustaining long-term ecosystem growth. This launch ties Sonic’s token incentives directly to on-chain usage, reflecting the broader trend of points-based airdrops as a growth and retention tool in DeFi.
AI-generated background, compiled from web sources — not editorial content.
Loading related coverage…
Loading comments…
🚀 Love DeFi? Ready to dive in and start earning $SQUID while making an impact?
Restoring your session before loading comments…
Jensen Huang Resigns as Nvidia CEO According to CNBC, Huang is stepping down after revelations about his relationship with a suspected Chinese spy, ending his 33 years leading the $4 trillion chipmaker.
CNBC
DTCC plans to bring tokenized US securities to Solana in H2 2027, expanding its institutional tokenization service beyond Canton and Besu
The Block
Ethlabs proposes moving Ethereum's post-quantum upgrade to 2027, citing AI-accelerated risks
The Block
Vitalik Buterin argues ETH as store of value makes more sense than ETH as fee-burning token
𝕏/@VitalikButerin
Nvidia names Colette Kress as interim CEO, Bloomberg reports
ꘜ/@BWEnews
Related coverage is temporarily unavailable.