Eco Pump 100%, what other wealth codes worth paying attention to on Sonic?

In recent days, the heat of the Meme market has gradually cooled down, and Sonic has led DeFi to return to the market. Head projects in Sonic's ecosystem have almost all seen 4-10x gains in the past week. Here are some projects in the current Sonic ecosystem worth paying attention to and potential projects for the future:

DeFi Infrastructure

SHADOW

$SHADOW is the native token of the Shadow Exchange on Sonic, which can be freely exchanged with other currencies (such as Sonic's native token $S, USDC.e, x33, etc.). Users can provide liquidity by staking their SHADOW tokens and earn LP rewards. They can also swap SHADOW tokens at a 1:1 ratio for xSHADOW to participate in staking or voting rewards.

The initial token supply of SHADOW is 3 million tokens, with an additional issuance of about 5 million tokens after 10 years (500 epochs), and a maximum total supply cap of 10 million tokens.

The market cap of $SHADOW has surged from around $5 million to the current $41.15 million in a week, with an increase of over 700%, reaching a peak market cap of $47.21 million. As the native token of Shadow Exchange, Sonic's largest exchange, $SHADOW has a wide range of use cases closely tied to the overall prosperity of the Sonic ecosystem.

X33

After staking xSHADOW for liquidity, you can mint $x33. The $x33:xSHADOW ratio starts at 1.00:1.00, and with rewards accumulating from fees, voting incentives, and resets, this ratio will gradually move towards $x33. At the end of each period, rewards from fees and voting incentives will be automatically sold to increase the $x33:xSHADOW ratio. The advantages of using the $x33 token are as follows:

Automatic Voting: Calculates the optimal voting strategy using a mathematical algorithm;

SHADOW Buyback: Sells SHADOW rewards through an aggregator for optimal execution;

Automatic Compounding: All voting incentives and fees will increase the $x33:xSHADOW exchange rate;

Zero Fee: Depositing, withdrawing, or compounding incur no cost;

Adequate Liquidity: Unlike staking xSHADOW, $x33 can be freely traded on the open market;

Price Protection: Transactions cannot be carried out below the xSHADOW redemption value (instant exit).

Simply stake your xSHADOW, and let $x33 handle the rest - zero friction, fully automated.

The market value of $x33 has also been continuously rising with the popularity of the Sonic Chain and Shadow Exchange, jumping from around $3 million to a peak of $15.53 million within a week, with a maximum increase of over 400%. The current market value is around $12.88 million.

EGGS

Eggs Finance is a DeFi protocol built on the Sonic blockchain. Users can mint EGGS by depositing S into the protocol's smart contract, with a 2.5% fee charged for each minting transaction. The maximum supply of EGGS is 100 billion.

Image Source: Eggs Finance Official Website

The simplest way to redeem EGGS for S is through the dApp's "Exchange" tab, where you can "sell back" to the contract. Similar to minting, this incurs a 2.5% fee, but EGGS will be burned, and the underlying S asset will be sent to the user. The fee will be distributed to the contract, liquidity incentives, and the team in the same proportion as minting. Another method is to redeem EGGS through borrowing, using the position as collateral for a loan and defaulting immediately. This will destroy the EGGS, return the underlying S asset to the user, but deducting the collateral premium and interest.

Users can also use EGGS as collateral to borrow S tokens, with users able to borrow up to 99% of the value of their EGGS in S, with interest calculated on a linear scale, a base interest rate of 0.05%, repayment periods ranging from 1 to 365 days.

Therefore, users can leverage their positions by utilizing the above rules: minting EGGS tokens using their own S tokens, using the minted EGGS as collateral to borrow S, using the borrowed S to mint or purchase more EGGS, and repeating this process to continually acquire more tokens.

Image Source: Eggs Finance Official Website

The EGGS token quickly surpassed a market cap of 7 million USD on its first day of trading and has been experiencing continuous fluctuations and growth, currently holding a market cap of 12.12 million USD with a 58% increase in the past week.

Meme

On February 7th, Sonic launched an on-chain Meme competition where 1 million OS tokens (S's liquidity staking token, exchangeable 1:1 for S) will be distributed among the top 8 winning memecoins to the top 125 holders as a reward for loyal community members. Memecoin rankings are based on a scoring system that prioritizes Total Value Locked (TVL) and trading volume. The author will introduce the top two ranked Meme tokens to the readers:

GOGGLES

Amidst a decline in Meme popularity on the Solana chain and confusion among BNB Chain users about which "broccoli" to buy, GOGGLES, as the flagship Meme coin on Sonic chain, stood out during the Meme competition and entered the investors' radar riding on the popularity of the Sonic chain. The community's enthusiasm for hyping GOGGLES is soaring with continuous creation of derivative images and videos, and as the token price $S rises, the clamor for GOGGLES continues to grow louder.

The $GOGLZ token started its rally at noon on the 19th, with its market cap rising from 4.18 million USD to a peak of 18.58 million USD, marking a 344% surge within two days. The market cap has slightly retraced, and as of the time of writing, it stands at 15.6 million USD.

TINHATCAT

Cats and dogs, as popular and beloved small animals, have always been the most classic image choice for Meme coins. Sonic's second-largest Meme coin on the blockchain, Tinhatcat, is a cat with a pink hat, and its cute art style and diverse fan art have led the THC token to take off. The THC token's market cap surged rapidly in a single day on the 12th, rising from $1.63 million to $6.91 million, a staggering 322.61% increase in a single day. Since then, the THC token has been steadily rising, with a market cap of $7.2 million at the time of writing.

Decentralized Exchange

NAVI

The Navigator Exchange is a decentralized liquidity market in the Sonic ecosystem that covers various assets such as cryptocurrencies, forex, metals, and more. It has a total trading volume of $129 million, a TVL of $9.91 million, provides 240% APR in its liquidity pools, and rewards in the $S token form. It is the top-ranking Perp DEX on Sonic. The NAVI token's market cap has been on the rise since the 19th, surging tenfold in three days, currently valued at $12.11 million.

BEETS

Beets is a decentralized exchange platform that launched as Beethoven X on the Fantom network in October 2021. The protocol has since developed cross-chain and deployed on Optimism in July 2022, then migrated from Fantom to Sonic in December 2024, leveraging Balancer v3's permissionless technology to simplify AMM development. Its 24H trading volume on the Sonic chain is $14.46 million, with 24H trading fees of approximately $20,000 and a TVL of $165 million. Users can stake stS tokens on Beets and earn rewards. The BEETS token currently has a market cap of $10.64 million, with a 95.6% increase in the last three days.