S

Sonic is a Layer 1 blockchain designed to support smart contracts and decentralized applications through a high-performance network architecture. The network utilizes a directed acyclic graph (DAG) based consensus mechanism combined with proof-of-stake validation to achieve fast transaction finality and throughput. S is the native cryptocurrency of the Sonic ecosystem, serving multiple essential functions within the network. Token holders use S to pay transaction fees when executing smart contracts and transferring value across the blockchain. Additionally, S holders participate in network governance, voting on protocol upgrades and parameter changes that affect the ecosystem's development. The token is also distributed as block rewards to validators who secure the network and process transactions. Sonic represents a continuation and rebranding of an earlier blockchain project, maintaining compatibility with existing applications and smart contracts while introducing technical improvements and enhancements to its underlying infrastructure.