Sonic is a Solana Virtual Network that employs a roll-up scaling technology to make Solana blockchain more scalable. The platform is designed to help developers build dApps at a rapid speed and with better functionality. It is believed that the network will enable web3 builders to bring the next billion people to decentralize the web.
In this article we will take you through what Sonic is, how it works and how to trade in Sonic tokens on Bitunix spot market.
What is Sonic Token?
Created by Sonic Labs, this $SONIC aims to revolutionize the way transactions occur in the digital space. Sonic SVM is a groundbreaking Layer 2 network built on the Solana blockchain, designed to revolutionize Web3 gaming and decentralized applications.
Launched on January 7, 2025, Sonic SVM aims to address key challenges in blockchain scalability, cost efficiency, and customization Its cutting-edge technology ensures low transaction costs, enhanced security, and quick settlements, making it an attractive choice for blockchain applications.
What are the Key Features of Sonic Token?
The Sonic Token (SONIC) plays a pivotal role within the Sonic SVM ecosystem, serving multiple purposes that drive its functionality and value. Below are its key functions:
Utility Token for Applications and Games
- SONIC acts as a utility token powering various apps and games built on the platform. Users can utilize SONIC to make payments, unlock access to digital goods and services, and enhance their experiences within the ecosystem.
Staking and Rewards
- One of SONIC’s essential functions is enabling users to stake their tokens. By participating in staking, users can earn rewards, fostering an incentive structure that promotes long-term token holding and ecosystem engagement.
Community Governance
- SONIC also serves as a governance token, allowing holders to have a say in the platform’s development and future direction. By using SONIC or $VeSONIC, token holders can vote on critical proposals and decisions, ensuring decentralized and transparent management of the ecosystem.
What is the Technology behind SONIC SVM?
Sonic SVM is built on the innovative HyperGrid framework, which orchestrates optimistic Solana rollups. This architecture allows for enhanced scalability and customization while maintaining native composability with the Solana blockchain.
The SVM is built on the innovative HyperGrid framework, which orchestrates optimistic Solana rollups. This architecture allows for enhanced scalability and customization while maintaining native composability with the Solana blockchain.
Besides the HyperGrid framework, Sonic’s Atomic SVM allows developers to execute transactions without redeploying Solana programs, maintaining native composability and leveraging Solana’s liquidity. Additionally, its cross-chain compatibility enables seamless deployment of EVM-based dApps on Solana, broadening its ecosystem.
Price Prediction for SONIC Coin
- 2026 Price Forecast: By 2026, the SONIC coin is anticipated to experience modest growth, driven by its innovative technology and increasing adoption within the blockchain gaming sector.
Assuming favorable market conditions, such as a thriving crypto market and widespread interest in decentralized gaming platforms, SONIC is projected to achieve a 13% growth rate. By 2026, predictions for the Sonic token range from $1.65 to $2.02
How to Buy $SONIC Coin on Bitunix?
Trading in $SONIC token on Bitunix is easy. You can choose to trade in Follow the steps below to start trading:
To start trading, you need to create an account on Bitunix and complete your KYC verification. If you are already an existing user, you can simply head over to Markets tab in the main navigation menu.
Now, select the SONIC/USDT pair to open the spot trading window. You can place a limit or a market order to buy or sell SONIC.
Ensure your account is sufficiently funded. If not, you can deposit crypto in your account.
Watch our step by step tutorial on How to deposit crypto on Bitunix?
How to Buy Crypto on Bitunix?
If you don’t have any crypto, you can buy crypto via third party providers on Bitunix. To buy crypto, follow the below steps
- Head to the Buy Crypto tab in the main menu and choose the cryptocurrency you wish to buy. In this case, you need to buy USDT to be able to trade in SONIC/USDT.
- Next, choose the currency you wish to pay in (fiat currency like USD) Add the amount you wish to invest. (Please note: buying crypto via third parties incur fees levied by the provider)
- Finally, choose the mode of payment. The on-ramp crypto providers accept Apple Pay, bank transfer and credit/debit cards.
- Once you have chosen your mode of payment, follow the next steps and complete the transaction. The funds will be deposited into your Bitunix account.
