Polygon price

5 years of scaling… and we're just getting started.

Author: Yue Xiaoyu Recently, I have seen a lot of tweets about Sonic, which shows that Sonic's ecology is still relatively hot, and naturally there are many opportunities. Sonic (formerly known as Fantom), as a veteran Layer 1 public chain project, has been in the spotlight for its high performance and innovation in the last bull market. Now, Sonic is back with a new brand and technology upgrades, and has embarked on a very large-scale, long-term airdrop program. Some friends may be worried about whether this wave of large-scale airdrops will have an impact on the price of $S, so let's briefly analyze it here: 1. Controllable selling pressure: the market impact can be quantified The 47.625 million $S released by the airdrop in the first quarter accounted for only 1.5% of the total supply, and Sonic's burning mechanism and fNFT market further weakened the selling pressure. Fantom (the predecessor of Sonic) has an average daily trading volume of about $250 million. Even though the initial sell-off accounted for 10% of the trading volume, the average daily selling pressure was only about $25 million, which was much lower than the market's ability to absorb it. 2. Ecological outbreak: strong internal support Sonic's TVL has surged from $26 million in early 2024 to $1 billion (May 2025), which, along with the onboarding of top DeFi protocols such as Aave, Silo, Euler, Shadow, and more, has cemented Sonic's position as a DeFi hub. Sonic's FeeM model, which refunds 90% of network fees to developers, is a reversal of traditional Layer-1 revenue distribution, similar to Airbnb's incentives for hosts. This model appeals to a large number of dApp developers. The explosion of the ecosystem will create continuous demand (such as transaction fees, staking, and governance) for $S, and support the long-term rise of the currency price. 3. Differentiated competition in the Layer 1 track Sonic's SonicVM and sub-second determinism are unique among EVM-compatible chains. Compared to Solana (non-EVM, which has a steep learning curve for developers) and Arbitrum (which is slightly less performant), Sonic finds a balance between performance and compatibility. Sonic's rebranding (from Fantom to Sonic) is not just a name change, it's a strategic upgrade. Referring to Polygon's 30% increase in market capitalization following the MATIC to POL upgrade, Sonic's repositioning triggers a market revaluation. To sum it up In general, the selling pressure of the airdrop is limited, and the price fluctuations of $S may show a trend of "first suppressing and then rising" in the early stage of the airdrop. After a short-term correction (5-10%), ecological growth and the market narrative are expected to drive the price into an upward channel. Sonic's ecosystem is still relatively active, and there are also airdrop opportunities, which are worth paying attention to for a long time.

Let's talk @katana ⚔️

.@katana Foundation Announces Katana Network, Incubated by @0xPolygon and @GSR_io Private mainnet is live with open access coming late June 2025.  Katana Foundation plans to give back to the Polygon ecosystem with an airdrop of ~15% of $KAT tokens to $POL stakers, including liquid staking protocols, on @ethereum.

Katana, a new decentralized finance (DeFi)-focused blockchain incubated by industry heavyweights Polygon and GSR, shared on Wednesday that its private mainnet has gone live. The new layer-2 blockchain will unify “all liquidity in a set of protocols and collect yield from all potential sources," the team shared in a press release sent to CoinDesk. Katana's goal is "to power a self-sustaining DeFi engine for long-term growth,” it said. Marc Boiron, the CEO of Polygon Labs, told CoinDesk that Katana emerged to address DeFi fragmentation, where digital assets are distributed across various apps and ecosystems, making certain types of investing cumbersome. Katana was built using AggLayer — Polygon's platform for building interoperable blockchains. “One of the things that we want is a super deep liquidity hub on the AggLayer, so that every chain can tap into that,” Boiron said. “When you look across everything in crypto, what you realize is that there's actually no chain that's built very well for actually having deep liquidity.” Katana aims to improve blockchain liquidity — including lending, trading, and yield bearing strategies — by integrating with popular apps like Sushi, a major decentralized exchange, and Morpho, a popular decentralized lending ecosystem. Polygon Labs, the team behind the layer-2 network, helped design the chain, while GSR, the crypto market-maker, advised on the user experience and is lending liquidity to help get the platform off the ground. “We are providing the on-chain liquidity — or 'grease' — to make sure that people can actually use the chain on day one,” said Jakob Palmstierna, President at GSR. Currently, Katana is open to a limited group of users. It includes a pre-deposit phase that allows users to park their ETH, USDC, USDT, and WBTC for a chance to win KAT tokens, the network's new governance and utility token. Though activity is limited at this private stage, early deposits are being incentivized through a lootbox-style reward system. Katana's public mainnet is expected to arrive at the end of June. Read more: Polygon Starts Aggregator Program, Successful Projects Will Airdrop Up to 15% Native Token to POL Stakers