Sonic SVM is the first layer-2 project on Solana focused on developing the web3 gaming sector. With many outstanding advantages, Sonic SVM is opening a new era for the decentralized gaming industry, making it easier for developers and players to access the blockchain world. Let's explore the Sonic SVM project with Coin68 in the article below.
What is Sonic SVM (SONIC)? Exploring the first layer-2 for gaming on Solana
What is Sonic SVM?
Sonic SVM is a layer-2 solution focused on the gaming sector on the Solana blockchain, designed with a modular architecture and compatible with the Solana Virtual Machine (SVM). This allows game developers to create a perfect blockchain economy through customization, while still benefiting from Solana's fast throughput.
What is Sonic SVM?
Combining Solana's speed with the customization capabilities of a modular architecture, Sonic's vision is to launch thousands of games on web3, creating a high-performance decentralized gaming world that offers a unique and superior experience compared to traditional games.
Highlights of Sonic SVM
Superior speed with optimized costs
Sonic SVM provides a fast and smooth on-chain gaming experience thanks to its integration with the Solana Virtual Machine. Additionally, transaction costs are optimized, allowing developers and players to save significantly.
High interoperability and compatibility
Sonic allows the execution of transactions without the need to redeploy Solana programs and accounts, fully leveraging Solana's services and liquidity.
Seamless deployment from EVM to SVM
dApps from EVM blockchains can easily deploy on Solana without any obstacles thanks to Sonic's HyperGrid technology.
Versatile game development tools
Sonic provides highly flexible tools and extended data types for gaming. Additionally, Sonic SVM's sandbox environment is optimized to support game developers in building their own business logic.
Comprehensive infrastructure for monetization
Sonic SVM has an infrastructure that supports growth, promotion, payment, and transaction processing, helping game projects easily implement sustainable monetization models.
HyperGrid - The Core Technology of Sonic SVM
What is HyperGrid?
HyperGrid is a specialized coordination and scaling rollup system on the Solana ecosystem, designed to enable the blockchain to achieve near-infinite transaction throughput by allowing horizontal scaling, while still ensuring the decentralization and security of the network.
What is HyperGrid?
One of the highlights of HyperGrid is its Atomic Interoperability, which means it can seamlessly connect and work with Solana. HyperGrid acts as a "helper" to assist Solana in handling complex tasks without disrupting the system. Solana programs can "offload" tasks to HyperGrid for processing while continuing to operate normally.
Structure and Operation of HyperGrid
HyperGrid Structure
The structure of HyperGrid consists of 2 components:
- Grids: These are SVM-based rollups, customized to optimize transaction processing performance. Each Grid is a separate processing space, handling transactions and compressing data before transmitting information.
- HyperGrid Shared State Network (HSSN): This is a common verification network for the deployed Grids, providing an interface for them to interact with each other and serving as the consensus layer to ensure that all data sent from the Grids to Solana is accurate and without conflicts.
HyperGrid Operation
With the two components mentioned above, HyperGrid will process transactions through 5 steps:
- Receive and Process Transactions: Transactions are sent to the Grid and processed there. The Grid is responsible for performing the calculations and creating the transaction state changes.
- State Compression: The changes to the transaction state will be aggregated and compressed into a Merkle Tree. All transactions are compressed into compact data blocks, called Merkle Roots, to reduce the size and facilitate easy verification later.
- Proof Generation: Each Grid will create a proof to demonstrate that the transactions and states in the block have been processed correctly. With each new block, the state is updated and a new root is created, representing the state of the entire Grid at that time.
- Proof Verification: The proofs from the Grids will be sent to the HSSN for verification and to ensure there are no state conflicts. HSSN checks the proofs to detect fraud using a sampling method.
- Data Submission to Layer-1: HSSN sends the verified proofs to the Solana layer-1 for final confirmation through the verification program on the Solana network.
Each Grid can develop its own Merkle compression mechanism and proof generation, as long as it complies with HSSN's requirements. This allows the Grids to be customized to achieve even higher performance or to fit the specific goals of each development team.
Development Roadmap
Q4/2024 - Q1/2025
- Launch of SONIC token
- Launch of HyperGrid Shared State Network
- Deployment of Sonic SVM Genesis
- Securing HyperGrid operations
Q1/2025
- Deployment of Mainnet-Alpha
- Launch of SonicX
- Integration of assets like SOL, sSOL, sonicSOL and stablecoin
- Integration of HSSN validator
Q2/2025
- Integration of new SVM blockchain into HyperGrid
- Deployment of Sonic Grid V2
- Launch of SONIC Staking
- Development and expansion of Rush ECS
Development Team
Sonic SVM is developed by Mirror World Labs, a technology company specializing in developing scaling solutions on the Solana network. The core members of Mirror World Labs include:
- Chris Zhu: Founder and CEO of Mirror World Labs.
- Jialin Zhu: CPO of Mirror World Labs.
Investors
Sonic SVM Investors
Sonic SVM has raised $16 million through two funding rounds with the participation of investment funds such as OKX Ventures, Republic, Galaxy Interactive, Bitkraft Ventures,... In addition, the project has also raised an additional $12.8 million from the sale of validator nodes to the community.
Tokenomics
Token Information
Token Name | Sonic SVM |
Symbol | SONIC |
Blockchain | Solana |
Contract | To be updated... |
Total Supply | 2,400,000,000 |
Token Allocation
SONIC Token Allocation
The SONIC token is allocated as follows:
- Initial Claim (Airdrop): 7%
- Ecosystem and Community: 30%
- Sonic HyperGrid Reward: 20%
- Early Supporters: 8%
- Investors: 15%
- Foundation: 20%
Token Release Schedule
SONIC Token Release Schedule
360 million SONIC tokens (15% of the total supply) will be circulating at the time of the TGE. The remaining portion will be vested over 6 years, with no tokens belonging to the development team or investors unlocked in the first 12 to 18 months.
Token Use Cases
The SONIC token is used for:
- Network fees
- Staking
- Governance
- Delegating to validators
Conclusion
This is all the information about the Sonic SVM project. Coin68 hopes that readers will have a better understanding of the project and how it works. Wishing you all useful knowledge!
Note: The information in this article is not to be considered investment advice, and Coin68 is not responsible for any decisions you make.
