Sonic SVM
SONIC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
SONIC (Sonic SVM) is a Solana-based Layer-2 gaming scalability framework built on HyperGrid. The project demonstrates solid technical foundations, having shipped its mainnet Alpha and Attention Capital Markets (ACM) protocol, supported by a named founding team with prior experience at rct AI and ByteDance and $16M in total funding (led by Bitkraft). Security and audit infrastructure is well-maintained, featuring multiple publicly downloadable smart contract audits across its core components (token vesting audited by Quantstamp, veSonic by Beosin, alongside Grid, HSSN, and staking contract reviews) with no recorded security exploits, hacks, or regulatory enforcement actions. However, the asset faces significant market and structural headwinds: the token suffers from a low market capitalization ($7.34M), a 98.3% drawdown from all-time highs, and thin trading liquidity. In addition, tokenomics present substantial dilution risk with only ~15% of the 2.4B supply currently circulating, insider allocations representing 43%, and governance remaining in its early stages without verified on-chain DAO turnout. No qualifying red-flag events were identified, and no sections had missing data (-1.0).
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Sonic SVM (SONIC)
Sonic SVM (SONIC) is a Solana-based Layer-2 gaming scalability network built on the HyperGrid framework. Operating as a Solana Virtual Machine (SVM) rollup, the platform is designed to provide high-throughput and low-latency execution for gaming and decentralized consumer applications. The project completed a Mainnet Alpha phase and launched its Attention Capital Markets (ACM) protocol in September 2025. It is led by a named founding team with prior experience at rct AI and ByteDance, having raised approximately $16 million in total funding, including a $12 million Series A led by Bitkraft.
The SONIC token has a fixed maximum supply of 2,400,000,000 units. Its utility includes network payments, staking, and governance via a vote-escrowed model (veSONIC). The protocol implements a buy-and-lock mechanism that allocates 50% of transaction fees toward locking tokens rather than burning them. Sonic SVM maintains a public audit repository that includes smart contract reviews from Quantstamp for its vesting contracts and Beosin for its veSONIC governance infrastructure, alongside independent audits covering the Grid, HyperGrid Shared State Network (HSSN), and staking contracts.
The project faces significant market and structural challenges. The token has experienced a severe price crash, dropping 98.30% from its all-time high of $1.23 to a market capitalization of approximately $7.34 million, accompanied by thin and erratic trading volumes. Additionally, the asset carries substantial token dilution risk, as only approximately 15% (~360 million SONIC) of the total supply is in circulation, with insider and foundation allocations accounting for 43% of the total supply subject to long-term vesting cliffs. Governance remains in an early stage, with limited verifiable on-chain proposal history and decentralized autonomous organization participation.