Sonic Public Chain TVL rose by 130% in one month, becoming the growth champion of public chains.

Recently, the cryptocurrency market has entered a narrative vacuum, with most projects experiencing a decline in activity. The majority of small coins have seen astonishing drops of over 80% in the past three months. However, there is one public chain that has gone against the trend, with a TVL rise of over 130% in just one month, ranking first among all public chains, and that is Sonic.

So, what recent developments have there been with Sonic? What key projects are worth paying attention to? Let's take a look together.

Sonic Introduction and Recent Airdrop Activities

Sonic is the upgraded version of Fantom. Fantom, launched in 2019 as a Layer 1 public blockchain, focused on DeFi and dApp development and was quite popular between 2021 and 2022, reaching a peak TVL of about $8 billion. However, in 2022, some core team members announced a temporary withdrawal from the DeFi space, leading to a decline in market confidence in Fantom. In July 2023, a vulnerability was discovered in its partnered cross-chain bridge, causing multiple stablecoins to severely de-peg, affecting the stability of the entire ecosystem. Against this backdrop, Fantom proposed upgrading to Sonic.

Sonic announced the issuance of a total of 190.5 million S tokens. The reward mechanism for these tokens is divided into two parts: 25% can be withdrawn immediately, and 75% will be gradually released in the form of tradable NFTs. Users can qualify through two channels: Points( for regular users) and Gems( for developers). The potential returns from these rewards may exceed those of regular airdrops.

Sonic Points are user-oriented airdrop points, divided into passive points and active points. Holding specific assets in a Web3 wallet can earn passive points, while deploying specific assets in applications can earn active points. Certain assets can only earn active points. The earnings from active points are twice that of passive points.

Sonic Popular Projects

1. SheepCoin Game

SheepCoin is a strategic game ecosystem that combines blockchain asset management, NFT mechanisms, and DeFi protocols. Players establish advantages and earn profits by purchasing, minting, protecting, and attacking assets.

The game mechanics include:

• Purchase Sheep Coin: Players can purchase Sheep Coin with $S at a 1:1 ratio, with 95% of Sonic Token being used as liquidity for Sheep Coin.
• Mint Wolf NFTs: Use Sheep Coin and $S to mint, the cost increases with each time, and the Sheep Coin used will be permanently destroyed.
• Wolf NFT mechanism: Wolf needs to consume Sheep daily, and it will become invalid after 7 consecutive days without eating.
• Sheepdog Protection Mechanism: Players can deposit Sheep into the Sheep Dog for protection, and must wait 2 days and pay a fee to withdraw.
• Shepherd Dog Reward Mechanism: The stored Sheep can earn an annualized return of S, and the withdrawal fee also serves as part of the reward.

The core of the game lies in the "wolf eats sheep" mechanism that leads to continuous deflation of sheep, driving up the coin price. Players need to weigh whether to mint wolves, whether to use sheepdogs, and other strategic issues.

2. Petroleum Finance

Petroleum City is a blockchain game themed around oil extraction. Players refine crude oil (cOIL) by building, upgrading, and managing pumps (Pumps), and convert it into tradable $OIL for profit.

The core mechanics of the game include:

• Purchase land: Players can buy and customize plots to establish an oil empire.
• Purchase Pump: The pump is a core production tool that continuously produces cOIL, can be upgraded but will decline over time.
• Add decorations: Players can decorate plots to enhance appearance and personal style.
• Refine cOIL: The produced cOIL must be refined into tradable $OIL at a refinery, and the longer the refining time, the higher the returns.

Game strategy advice:

1. Ensure continuous production: Keep enough cOIL for pump repairs to avoid oil production interruptions.
2. Optimize extraction strategy: Try to wait until 3 days later to withdraw $OIL to avoid being charged high taxes.
3. Balance upgrade and decoration: simultaneously improve pump capacity and decorative effects, increasing overall output.

Petroleum City is centered around the core loop of "producing cOIL → repairing pumps → refining into $OIL → reinvesting for upgrades." Players need to strategically plan each stage to consistently gain profits and expand their assets.