Market Volatility & Fundamentals - Crypto market experienced rapid shifts due to leverage unwinding amidst global uncertainty [1] - Sonic's fundamentals remain unchanged despite market volatility [1] - Company possesses a strong balance sheet and best-in-class technology [1] Network Performance - Sonic network performed as designed with zero pending transactions [2] - Network sustained hundreds of transactions per second (TPS) for hours [2] - Network offered near-instant finality and sub-cent fees [2] - No congestion was observed across decentralized exchanges (DEXs) or infrastructure [2] Treasury Management - Company added over 30 million $S to its treasury [2] - Approximately $6 million USD was used to purchase $S directly from the market [2] - Company believes direct market purchase will deliver stronger long-term ROI than stable reserves [2] Strategic Focus - Company remains focused on building real technology, partnerships, and lasting products [3]
X @Andre Cronje
Andre Cronjeยท2025-10-11 15:37