I usually have the habit of checking DefiLlama data, which gives me the most intuitive feeling about the development of some chains and new opportunities. At that time, I also noticed the unusual data of Hyperliquid on DefiLlama, but I hadn't heard of it, which led to the later legend of Hyperliquid.
The last time I saw an unusual chain was Sei, and this time it's Soneium, which is a chain with abnormal TVL growth and is relatively unfamiliar.
Soneium is Sony's L2, a new chain developed in collaboration with Astar.
There's no need to say much about Sony, as everyone knows the background. The relatively unfamiliar part is Astar, which was actually a parachain of Polkadot before. The veterans should be quite familiar with it because Polkadot's popularity back then was no less than Solana's current popularity.
Many people previously went to explore Soneium, but Astar is a chain that has already issued tokens, so the relationship between the two can be easily confused, making it necessary to clarify their connection.
The Soneium ecosystem is supported by Japan's Sony, and is actually developed and operated by Startale (Astar's development team), led by Astar's founder Sota Watanabe. The operation of the Soneium ecosystem is also managed by several core members of the Astar team.
The Astar development team Startale will use the Sequencer revenue obtained from Soneium to buy back ASTR tokens.
Here you might be confused, as there are clearly two chains. Let me continue to analyze.
Astar has proposed a tokenomics modification proposal to fix the maximum token supply. Astar initiated a proposal related to tokenomics, planning to change the ASTR token model from dynamic inflation to a model with a fixed maximum supply. The proposal aims to significantly reduce network inflation by gradually decreasing token emissions through the introduction of an emission decay function.
The proposal suggests establishing Protocol-Owned Liquidity (POL) managed by the Astar Finance Committee (AFC) and burning 50% of network transaction fees to enhance the long-term economic value and network independence of ASTR.
You might guess that Astar's proposal to modify tokenomics is likely in preparation for a potential token swap, exactly, the possibility of a token swap between Soneium and Astar, similar to a merger plan between two projects.
For Astar's token price, it's like an old tree blossoming again, with Sony's Soneium chain, and Astar has already obtained Sequencer revenue from Soneium to buy back ASTR tokens.
Actually, it's just one announcement away from confirmation, so this is the point of speculation. Coupled with the fact that the ASTR token trend and valuation are very close to the bottom, from a speculative perspective, it is very cost-effective.
So, should you take a gamble?
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