Quarterly Highlights From Metaplex and More.
Status Shift - Japan mulls reclassifying crypto as a financial product to curb insider trading and clarify legal standing. Stack Secured - MicroStrategy scoops up 22,048 BTC for $1.92B, pushing total holdings past 528K Bitcoin. Bitcoin Bound - Metaplanet leverages bonds in $13.3M push toward 10K BTC.
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| Messari Quarterly Reports |
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Sonic's Fee Monetization: Devs eat on Sonic |
Source: Sonic media kit Sonic has recently been making some noise. A new fast, EVM-compatible Layer-1, Sonic is carving out a niche by offering developers a fast environment with some added bonuses. How? Through something called Fee Monetization (or FeeM, for short). When developers deploy apps on Sonic, they can apply to receive a cut of the transaction fees their contracts generate. It's usage-based, natively supported, and hardcoded into the protocol's economics. Instead of all fees flowing to validators or the protocol treasury, Sonic shares the pot—with devs. Here's how it works: |
- Rewards are based on gas consumption.
- More usage = more gas = more rewards.
- 90% of all gas-generated fees are returned to the apps that produce them.
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Why It Matters This isn't just a nice perk—it's a strategic incentive model. Sonic is subsidizing early-stage development with recurring, performance-based revenue. Why this model hits different: |
- Sustainable Revenue: You earn in proportion to your app's actual usage.
- No Grant Hustle: You're not pitching to committees—you're earning on merit.
- Dev Stickiness: Builders are incentivized to help their apps succeed since higher usage directly boosts their income. That builds a more engaged, long-term dev community.
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And the kicker? Apps can use the rewards however they want—whether that's bootstrapping their user base, reinvesting into development, or even just paying themselves. No strings attached. |
Source: Sonic Fee monetization While Sonic is still early, the program is already showing signs of traction—over 473,000 S tokens have been awarded so far, with the top 5 protocols raking in over 25,000 S tokens each. In a space where most ecosystems struggle to attract and retain developers, Sonic empowers developers to focus on what matters—shipping great products. Pair this with Sonic's ongoing 200 million S token airdrop; there's more than one reason to take a closer look at what's happening here. |
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