Gate Research Institute: Analysis of the New Generation Public Chain Strategy: Sonic, Berachain, Abstract, Sui, Hyperliquid, Unichain, Sei

https://s3.ap-northeast-1.amazonaws.com/gimg.gateimg.com/learn/2407289336a909978a8f7eb09a5ae339fdee3585.pnghttps://s3.ap-northeast-1.amazonaws.com/gimg.gateimg.com/learn/9b733aa629f0d8e557dfeac6d2cc2f50c6c532f9.pnghttps://s3.ap-northeast-1.amazonaws.com/gimg.gateimg.com/learn/5e5250477e816228d3cf0615cb00cb7eb5f773d4.png

###Summary

• Competition among public chains intensifies: In 2025, blockchain infrastructure enters the "stock game", and next-generation public chains such as high-performance chains (Sonic), innovative model chains (Berachain), L2 (Abstract, Unichain), and DeFi optimization chains (Sei, Hyperliquid) are defining a new phase of "inter-chain warfare".

• Sui Performance and Security Risks: Sui pursues high performance using the Move language and parallel execution architecture, but on May 22, 2025, its largest DEX, Cetus, was hacked, resulting in a liquidity loss of over $260 million. Sui's TVL dropped from $2.1 billion to $1.542 billion, raising doubts about the security of Move.
• Sonic's strong growth and ecological incentive effectiveness: Driven by the dual engines of "performance + incentives," Sonic's TVL increased nearly 40 times within three months of its mainnet launch, surpassing 1 billion USD, with its on-chain "GDP" reaching 1.47 million USD.

• Berachain PoL Innovation and Liquidity Drive: Berachain achieves "governance-bound liquidity" through its unique PoL consensus and three-token model ($BERA, $BGT, $HONEY), with a TVL of $1.189 billion as of May 20, 2025.
• Abstract Consumer-Level L2 Strategy: Abstract is positioned as a consumer-level Ethereum L2, lowering the user threshold through chain abstraction. As of May 22, 2025, its DeFi TVL exceeds $27 million, with the tool-based protocol Reservoir Tools contributing $14.87 million, demonstrating early tool and speculative activity.
• The Rise of On-Chain Futures and Profitability of Hyperliquid: Hyperliquid, as a self-developed perpetual contract trading protocol on its own L1 chain, has a TVL of approximately 1.309 billion USD, with a daily trading volume of over 11.5 billion USD in perpetual contracts, establishing its leading position in the on-chain derivatives field.

• Unichain Uniswap Drive and Liquidity Incentives: Unichain, as a DeFi-optimized L2 launched by Uniswap Labs, saw its TVL soar from 9 million dollars to 267 million dollars after launching a 5 million dollar incentive program. As of May 23, 2025, Unichain's TVL is approximately 530 million dollars, with Uniswap contributing 437.44 million dollars.
• Sei Network DeFi Optimization and Data Performance: Sei Network focuses on DeFi and high-frequency trading, utilizing an on-chain centralized limit order book. As of May 25, 2025, its TVL reached 487 million USD, with daily active addresses exceeding 300,000.

(Click below to get the full report)
[Gate Research Institute](https://www.gate.com/learn/category/research) is a comprehensive blockchain and cryptocurrency research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

Disclaimer Investing in the cryptocurrency market involves high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products purchased before making any investment decisions. Gate shall not be liable for any losses or damages resulting from such investment decisions.