Sonic Labs Secures $10M from Galaxy to Boost DeFi Expansion in U.S.

By: coin central|2025/05/12 16:00:13

TLDRSonic Labs raised $10M from Galaxy in a strategic token sale.The funds will support U.S. growth, tech development, and DeFi expansion.Galaxy brings industry connections and institutional reach.Sonic runs a fast, EVM-compatible Layer 1 blockchain.The $S token powers transactions, staking, and cross-chain bridging.Sonic Labs has completed a $10 million strategic sale of its native $S token to Galaxy, a global leader in digital asset infrastructure. The announcement was made during the Sonic Summit, held in Vienna from May 6 to 8. The investment will strengthen Sonic Labs’ operational footprint in the United States while advancing its decentralized finance (DeFi) ecosystem.Sonic Labs announced the completion of a $10 million strategic financing of S tokens, led by Galaxy. This cooperation will accelerate Sonic Labs' expansion in the US market and provide key support for the development of its DeFi ecosystem. https://t.co/F5p9RUC1Rk— Wu Blockchain (@WuBlockchain) May 12, 2025The $10 million financing marks a significant development in Sonic Labs’ efforts to scale its blockchain infrastructure to meet the rising demands of institutional-grade applications. The funds are expected to support technical development, ecosystem incentives, and go-to-market strategies focused on U.S.-based developers and users.Strategic Partnership with GalaxyGalaxy, listed on the Toronto Stock Exchange under the ticker TSX: GLXY, led the strategic investment round. With a global network comprising over 1,300 institutional trading counterparties, Galaxy brings significant reach and industry insight to the collaboration. This partnership will facilitate Sonic Labs’ engagement with enterprise and financial institutions seeking blockchain solutions that meet regulatory and performance standards.Michael Kong, CEO of Sonic Labs, noted that Galaxy’s role as a strategic investor offers more than financial backing, emphasizing the potential value of Galaxy’s market connections and operational experience across North America and Asia. The collaboration aims to drive broader institutional adoption of Sonic Labs’ Layer 1 blockchain technology.Enhancing DeFi Infrastructure and Market AdoptionSonic Labs operates a high-performance, EVM-compatible Layer 1 blockchain based on technology reimagined from the Fantom network. Its infrastructure supports up to 400,000 transactions per second and utilizes a DAG-based consensus with Proof-of-Stake validation. These technical specifications position the platform as a scalable solution for DeFi applications requiring low latency and high throughput.Sonic Labs offers the Fee Monetization (FeeM) program, which allows developers to earn up to 90% of the transaction fees generated by their applications. This monetization model aims to attract many projects, further reinforcing the platform’s ecosystem.The $S token serves multiple roles in the network, including transaction processing, staking, and governance. Additionally, the Sonic Gateway enables decentralized bridging to Ethereum, supporting secure and efficient cross-chain asset transfers.Industry Context and OutlookThe partnership between Sonic Labs and Galaxy aligns with a broader trend of increasing institutional interest in blockchain infrastructure. As regulatory clarity improves and demand for scalable digital asset platforms grows, collaborations between blockchain firms and traditional finance players are becoming more common.By aligning with Galaxy, Sonic Labs positions itself to offer a robust platform for institutions seeking to deploy DeFi solutions with enterprise-grade performance, security, and reliability. The post Sonic Labs Secures $10M from Galaxy to Boost DeFi Expansion in U.S. appeared first on CoinCentral.

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