Key Points
- Binance Futures launched SONICUSDT at 07:00 (UTC) following yesterday’s token launch.
- On January 7, SONIC went live on important CEXs and DEXs.
Earlier today, Binance announced the listing of a new futures contract for Sonic SVM (SONIC), following the token’s launch on January 7 on major centralized and decentralized crypto exchanges.
Binance Futures SONIC Listing Details
Today, at 07:00 (UTC), BInance Futures launched the SONICUSDT Perpetual Contract with up to 75x leverage, according to the exchange’s official announcement.
Binance continues to list futures contracts on the platform to expand users’ trading choices and to offer them a better overall experience.
Sonic SVM is the first chain extension on Solana for games and applications. It’s also the industry’s first TikTok layer. Yesterday, SONIC went live on major crypto exchanges.
SONIC Token Launched on Exchanges
As announced in a post via X, the team behind Sonic SVM launched its SONIC token on important CEXs and DEXs on January 7.
According to the official announcement, SONIC went live on CEXs including OKX, Bybit, Bitget, Upbit, MEXC, Kucoin, Gate.io, and others. Also, SONIC went live on a few DEXs including Jupiter, Raydium, Meteora, and Drift.
According to official data, SONIC had a total supply of 360 million tokens, and a self-reported market cap of over $356 million, following its launch yesterday.
SONIC is up by over 40% today and its current market cap is at around $360 million at the moment of writing this article.
What is Sonic SVM (SONIC)?
SONIC is the native token that powers the Sonic and the multi-SVM ecosystem.
The token has more utilities including the following:
- SONIC will be used as payment current across Sonic SVM to purchase in-game assets.
- SONIC will power the network while earning rewards.
- The token will influence SONIC and VeSONIC decisions.
- SONIC will strengthen the HyperGrid Shared State Network (HSSN).
