Sonic Labs: The first blockchain to share transaction fees with developers? $S
At first, I thought #Sonic was just a regular L1 blockchain, but after researching thoroughly, I was truly surprised.
Unlike other platforms that 'squeeze' developers, Sonic allows them to keep up to 90% of the transaction fees generated by their applications.
Highlight: Fee Monetization (FeeM) – Sharing transaction fees like YouTube
This idea is inspired by the Web2 model, similar to how YouTube shares advertising revenue with content creators.
• Instead of keeping all the fees or burning tokens to beautify the numbers, Sonic genuinely shares with the builders of the ecosystem.
• This project truly supports developers, just like Andre Cronje has always supported builders.
Operational mechanism: No participation – No fee sharing
Not every application can automatically participate in FeeM. Projects must:
• Register and be approved to share fees.
• If they do not participate in the program, 50% of the fees will be burned, 45% for validators, and 5% into the ecosystem fund.
• If participating in FeeM, 90% of the fees will belong to the developers and 10% for validators, with no fees being burned.
What about Sonic's scalability?
Sonic has extremely ambitious goals:
• To process over 900 million transactions per day.
• Even if only achieving 10 million transactions/day, the system could still generate 36.5 million USD/year, with 16.4 million USD belonging to developers.
This incentive mechanism is more sustainable compared to many other L1s that rely on issuing inflationary tokens to keep devs.
Anti-gas fee fraud: Accurate calculations down to every opcode
Sonic tracks gas consumption right at the virtual machine (VM) level:
• Is this the future of blockchain?
