Last night, Binance's announcement unexpectedly elevated Sonic to a level it didn't belong to 🤣. Recently, the active participation in Alpha is driven by the airdrop rewards based on Alpha. From a user perspective, interacting with Sonic not only allows you to engage with Sonic but also receive exclusive airdrops of Sonic and its ecosystem tokens. Inner OS: Is there really such a good deal?
When embracing Sonic with excitement, users discovered the slippage was ridiculously high! Essentially, for every $1000 traded, the slippage was around $15. Comparatively, the slippage on BSC is much lower, and double rewards were already launched yesterday.
Most users chose to trade USDC and S as pairs on Kyberswap during interactions. However, due to liquidity issues, many transactions failed or directly prompted system errors indicating no available liquidity.
Of course, there was a minor episode during this period. Initially, the announcement did not clarify whether the airdrop calculation was based on Alpha trading on Binance Exchange or Alpha trading on Binance Wallet. It wasn't until five hours later that the official response confirmed that both endpoints of Alpha would be included in the calculation. To date, many tutorial bloggers still mistakenly believe that only wallet Alpha is calculated. The mentioned tutorials even suggest transferring S from the exchange to the on-chain wallet for interaction.
Essentially, Alpha's role is to mobilize liquidity between DEX and CEX, which has received positive feedback on BSC. However, the newly integrated Sonic has not performed as expected. Let's be honest, if liquidity is really insufficient, why not introduce a limit order reward like BSC? With limit orders as a fallback, wouldn't the transaction matching process be smoother? After all, users' primary needs are seamless transactions and low slippage.
That said, the recent price trends of the three projects on Sonic have been quite impressive. While engaging in Alpha trading, it's crucial to pay attention to the quality of the projects. After all, concerns about slippage are based on trading depth and market activity. Choosing solid projects is the key to truly achieving "easy to pick up, easy to let go."
1️⃣ The first project on Binance Alpha: @ShadowOnSonic
Debuting at its peak, the leading DEX on Sonic. With the x(3,3) mechanism and CL v3 as its core, it accounts for over 50% of Sonic chain's trading volume. As a DeFi chain project, it primarily relies on its native token $SHADOW and liquid staking token $x33, combined with high APR mining, to drive its growth. For detailed project analysis, refer to @BitHappyX's article.
2️⃣ Anon @anoncast_
Hey Anon is a leading project in the DeFAI sector. Its AI+DeFi narrative made it shine brightly when it launched at the end of last year, surging dozens of times from its bottom. Simply put, it allows users to interact through natural language commands, such as instructing it to stake on the platform with the highest yield. It can autonomously complete cross-chain transactions, staking, lending, and other operations. With multi-chain support, it integrates data from X, DC, GitHub, and more to provide user assistance.
3️⃣ BEETS @beets_fi
BEETS is the core liquidity staking and DEX infrastructure within Sonic. Users can stake S to generate automatic compounding. Compared to other LST projects, BEETS is known for its low gas fees and high capital efficiency.
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