Sonic Testnet Sees 1m Active Wallets And 600m Transactions

Sonic, a layer 2 gaming network on Solana, has announced that its testnet hit 1 million monthly active addresses and recorded more than 600 million transactions.

The L2 is the first Solana (SOL) virtual machine-powered gaming platform. It’s different from Fantom (FTM)’s Sonic upgrade.

In details shared with crypto.news on Aug. 8, Sonic SVM said the first phase of the testnet reached over 1 million active addresses. Total transactions exceeded 600 million, with Sonic Origins—the first phase of the network’s testnet—seeing users interact with games such as Rage Effect, JogoJogo, and LowLifeForms.

The latest testnet milestone comes after Sonic Testnet Odyssey went live in June.

As well as providing an opportunity for Sonic to optimize for throughput and network stability, the testnet allowed users to gauge Sonic‘s game and Web3 experience. 

“Sonic Origins has seen impressive results in user demand in terms of user engagement and we’re excited to see real implementation, and growth of an organic community around Sonic as we launch as one of the first SVMs on Solana,” Sonic SVM co-founder Chris Zhu said.

Following Origins is Sonic Frontier, the second phase of the testnet, which is live and will see the onboarding of more games and partners. Frontier also opens the network to existing Solana protocols to give users a broader base to interact with decentralized applications on Sonic SVM.

Also set to join the network during this phase are more validators, who will tap into HyperGrid’s shared validator network to finalize grid transactions on Solana. HyperGrid is a horizontal scaling solution that allows for parallel transaction processing and enables developers to build and deploy new games on Solana.

Sonic, which raised $12 million in a Series A round in June, will launch its mainnet after Frontier testnet finalizes.

RECENT NEWS

Ether Surges 16% Amid Speculation Of US ETF Approval

New York, USA – Ether, the second-largest cryptocurrency by market capitalization, experienced a significant surge of ... Read more

BlackRock And The Institutional Embrace Of Bitcoin

BlackRock’s strategic shift towards becoming the world’s largest Bitcoin fund marks a pivotal moment in the financia... Read more

Robinhood Faces Regulatory Scrutiny: SEC Threatens Lawsuit Over Crypto Business

Robinhood, the prominent retail brokerage platform, finds itself in the regulatory spotlight as the Securities and Excha... Read more

Surprise Crypto Surge May Come This Week – Here Are The Top Coins To Keep An Eye On

This week’s crypto market shift has investors buzzing—find out which digital currencies could be poised for a breako... Read more

CFTC Wins $36m Victory In California Crypto Fraud Case

New York resident William Koo Ichioka agreed to pay $36 million in a CFTC case alleging cryptocurrency and forex fraud. ... Read more

Experts Predict 5000% Gains For This Solana Memecoin Set To Rival Dogecoins 2021 Surge

Discover a new memecoin on Solana, inspired by Dogecoin, with analysts predicting gains of up to 5,000%. #partnercontent Read more