Trust Wallet now supports token swaps directly on the Sonic network using mobile and browser extension.
Users can swap Sonic tokens or cross-chain assets without relying on third-party bridges or dApps.

Trust Wallet adds a new feature that is quite interesting, especially for users who are active in the Sonic ecosystem. Now, anyone can directly swap tokens on the Sonic network, including S and other assets, without having to leave the Trust Wallet application. This feature can be accessed via mobile or browser extension, making everything more practical and fast.

If you want to trade S for another token, such GEM or ZAP, you don’t have to change wallets or open another DEX site. Open Trust Wallet, choose the token, enter the amount, and click “Swap.” The algorithm will automatically discover the best method, whether it’s across Sonic tokens or between networks like Ethereum, Arbitrum, and others.

Swaps on @SonicLabs are now live in Trust Wallet.

Trade $S & Sonic tokens or go cross-chain in seconds, on Mobile and Extension.

Try it now: https://t.co/aRwIGoncix (link not accessible in the UK), : pic.twitter.com/FPWt0tYTOu

— Trust Wallet (@TrustWallet) May 19, 2025

Also, this integration happens at a very important time. After changing from Fantom Opera to a high-speed Layer-1 network, Sonic Labs has been hard changing its identity and ecosystem. They say they can handle more than 10,000 transactions per second (TPS) and finish them in only one second.

All of this is powered by an architecture that is compatible with the Ethereum Virtual Machine, and gas fees that are almost imperceptible.

Sonic’s Global Expansion, Market Shake-Up, and Legal Battles

On the other hand, CNF previously reported that Sonic Labs also expanded access to the S token globally through a partnership with Alchemy Pay. That way, users in more than 170 countries can now buy the token using everyday payment methods, without having to worry about converting to crypto first.

Sonic’s journey, on the other hand, hasn’t always been easy. The Singapore High Court told them on May 16, 2025, to close down the Multichain Foundation. After the 2023 Multichain breach, which cost over $210 million, this move was made. Sonic appointed KPMG as a liquidator in the hopes that they could get back some funds and make things safer.

It didn’t end there. Sonic Labs also said the day before the verdict came out that it was ending its relationship with Wintermute, the company that had been its market maker for the past five years. The explanation was very clear: Wintermute sold 3 million S tokens. Sonic is now looking for a new market maker partner who actually wants to assist in making the market more liquid, not just pass through.

Then there is also news from Andre Cronje, co-founder of Sonic Labs, who on March 22, 2025, introduced a new algorithmic stablecoin project. This project promises returns of up to 23% per year. However, Cronje himself admits that this is not a free path.

Given the bitter story of stablecoins like TerraUSD, Sonic does not want to be reckless. They want to make sure this system is resilient enough before it is officially released to the public.

Meanwhile, As of press time, S is swapped hands at about $0.4985, up 1.68% over the last 24 hours and 6.71% over the last 30 days.

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Filed under: Bitcoin - @ May 20, 2025 9:02 am