The public chain landscape has once again entered a chaotic battle, and this time it's Sonic @SonicLabs. At the beginning of the year, I wrote an article about the public chain landscape, in which the Sonic chain was a very prominent player. At that time, the chain was led by Shadow @ShadowOnSonic, a "god-tier" mining project spearheaded by AC, with $ANON as a major contributor (founded by the DeFi veteran @danielesesta), making a strong upward push. I am relatively familiar with these two projects, so I will elaborate on them later. Today, let's first talk about Shadow @ShadowOnSonic, which has been listed on Binance Alpha. 1️⃣ Project Overview: - ShadowOnSonic is the leading DEX on the Sonic chain, featuring an innovative x(3,3) mechanism and concentrated liquidity (CL v3) as its core. It accounts for over 50% of the trading volume on the Sonic chain. - Its native tokens, $SHADOW and the liquid staking token $x33, drive the ecosystem and are known for their high APR "god-tier" mining. - In terms of background, it is considered a top-tier DEX supported by Andre Cronje @AndreCronjeTech. For a DeFi chain, a DEX is of utmost importance. 2️⃣ Mechanism Advantage Analysis: - x33 Mechanism: -- $x33 Token: Generated by staking xSHADOW, it automatically optimizes voting and reward compounding. Weekly cycles increase the $x33:xSHADOW ratio through fees, voting incentives, and rebase. - xSHADOW Value: As the core staking asset, long-term holders enjoy 100% of protocol fees, voting rewards, and exit penalties, with its value continuously compounding. - Holder Benefits: -- Weekly Rewards: xSHADOW holders receive protocol fees, voting incentives, and PvP rebase rewards. Over $7.23 million in fees were generated within 30 days, surpassing the total of other projects on the Sonic chain. -- This is due to their impressive trading volume, with a 7-day trading volume of $557 million and a single-day peak of $171 million. TVL grew 13x to $357 million. --- Additionally, Sonic chain's localization in Chinese is the best among foreign public chains. Not only is their APAC team degen, but almost all top projects have dedicated Chinese communities, and even the founders open Chinese accounts. This is something other public chains cannot achieve. For example, @bigdzhao is the Chinese account of @HeyAnonai's founder @danielesesta, and Shadow also has a Chinese community @ShadowOnSonicCN.