The post Sonic testnet sees 1m active wallets and 600m transactions appeared on BitcoinEthereumNews.com.

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. Sonic eyes organic growth 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. Source: https://crypto.news/sonic-testnet-sees-1m-active-wallets-and-600m-transactions/

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Filed under: News - @ August 10, 2024 10:16 am