Cicada seems to be a partner for Sonic's DeFi and market making in the financial market. @SonicLabs is expanding into a network for DeFi and finance, especially investing in quite a few dApps recently. First, after onboarding many "good dApps," the next step is to secure "good trading volume and liquidity." No matter how good a dApp is, if the trading volume or liquidity is terrible, it becomes very difficult to use. Even if you create a good flywheel structure, it won't work if it doesn't turn. Good dApps and tokenomics = creating a flywheel. Securing trading volume and liquidity = getting the flywheel to turn for the first time. Thinking of it this way might be easier. —— Especially, Sonic is preparing for entry into the U.S. and is aiming for strategic reserves of $S, and liquidity support is also needed here. This partnership might be one of the important cornerstones for Sonic's entry into the U.S. and the ecosystem flywheel? Since Sonic has a very fast processing speed,...
Oh, I've only been looking at Sonic's 40K TPS all the time...
Partnership news.. 😇
Cicada Capital has reportedly invested in Sonic Labs 👀
Aren't they also saying they're doing ETFs and expanding into the U.S.?
Wasn't it just hype..?
@SonicLabs
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