Sonic Labs has completed a $10 million strategic sale of its native $S token to Galaxy, a leader in digital asset infrastructure. The investment, announced during the Sonic Summit in Vienna, will significantly back Sonic Labs’ growth into the U.S. market and advancements in its DeFi ecosystem.
Galaxy, renowned for its extensive institutional network, brings not only capital but also valuable industry relationships and expertise. This collaboration enables Sonic Labs to tap into more than 1,300 institutional trading partners and positions the platform favorably for enterprise and financial institution adoption. The partnership aims to cater to enterprise-grade requirements for scalability, security, and regulatory compliance in blockchain technology.
Sonic Labs operates an EVM-compatible Layer 1 blockchain, capable of processing up to 400,000 transactions per second using Proof-of-Stake and DAG-based consensus. The $S token plays a central role in transactions, staking, governance, and cross-chain bridging. Developers benefit from Sonic’s Fee Monetization program, which offers up to 90% of transaction fees generated by their DApps, incentivizing ecosystem growth.
This milestone aligns with the broader trend of increasing institutional investment in blockchain technology as regulatory clarity and adoption grow. The partnership is expected to drive Sonic Labs’ U.S. footprint, bolster technical development, and foster the deployment of advanced DeFi solutions for traditional finance clients.