Last week, we introduced the Hyperliquid NFT market (related reading: Niche players are happy, Hyperliquid NFT unexpectedly rises against the trend?). It can be said that the market of Hyperliquid NFT in the previous period was basically driven by a group of foreign NFT players, at least from the surface, there are not many signs of official intervention by Hyperliquid.
And the Sonic NFT market introduced this time is almost the opposite of Hyperliquid. It can be said that Sonic NFT is a very unique NFT ecosystem.
The uniqueness of Sonic NFT
The NFT player community has almost overlooked the Sonic NFT ecosystem. This may be related to Sonic's background, which is a chain led by DeFi OG Andre Cronje, focusing on DeFi, formerly known as Fantom and now renamed Sonic. Players participating in Sonic NFT are more from the DeFi player community, as well as users who were already active in Sonic(Fantom).
There are clear signs from top to bottom. For example, the current head of the Sonic NFT, Derps, is used as a Twitter avatar by a significant number of Sonic's official personnel. There are 16 certified accounts under Sonic's Twitter institution, and 9 of them are hanging Derps avatars. Andre Cronje himself also uses Derps as his Twitter avatar.
"Equity" NFTs are predominant. The projects with high trading volume are mostly due to the "shovel" effect, and they are basically from project parties with actual products, often linked to token airdrops, token pre-sale rights, and other utilities.
How to participate?
Compared to Hyperliquid, it's easy to get ready for Sonic NFT. We can directly buy $S on major CEX and then deposit it on Sonic chain, and then trade on Paintswap.
Sonic NFT Project Introduction
Derps
Undoubtedly, Sonic NFT is the leader, with a total of 2000. As mentioned earlier, many Sonic team members use this project as their Twitter avatar.
The current floor price is 2000 $S, about 1100 US dollars, and the market value is just over 2 million US dollars. It is worth mentioning that the project has a token $DERP, currently valued at about 6 million US dollars, and the price difference between NFT and token is not significant. Holders of Derps NFT can claim $DERP every day, and the amount claimed per day does not accumulate, which is a rather interesting mechanism. The token economics of $DERP are as follows:
Total supply 420,696,696 coins
30% for initial liquidity
30% Derp NFT holders can claim daily
20% belongs to the national treasury and is used for project development
10% is used to 'bribe' various DEX, which can be understood as marketing funds to promote $DERP to obtain better liquidity.
10% allocated to the team, locked until December 25, 2025
It is not quite appropriate to simply classify Derps as a 'cultural community' project, as it also has some DeFi gameplay based on $DERP. For example, you can use $DERP to mint ERC-1155 type NFTs to increase the yield of $DERP, and you can also use $DERP to 'feed' Derps NFTs to obtain Beprs NFTs. This is a series of 69420 in total (initial maximum supply of 10000, increasing over time), and the team plans to build games around Berps NFT in the future.
However, at present, the most attractive thing about Derps is undoubtedly the "golden shovel" effect. Previously, Derps NFT holders received the first big fur airdrop $SHADOW, which is a DEX on the Sonic chain, and each Derps NFT received about 2000U $SHADOW at the current price. The OG series Derpe Dewdz of Derps (with a total of only 100, currently priced at about 5 times the floor price of Derps) received about 8500U $SHADOW at the current value. With a bunch of Sonic team members using the project as their Twitter avatar background, undoubtedly, players have higher expectations for the future "golden shovel" effect of Derps.
SwapX xNFT
The NFT series launched on Sonic's DEX, with a total supply of 2989, currently has a floor price of 5800 $S, which is approximately 3300 US dollars.
This is not a PFP project, it is a 'equity-type' NFT. Holders can stake the NFT to receive dividends from the SwapX platform, and also qualify for token presale of some Sonic projects.
Lazy Bears
The NFT series issued by the Token Launchpad on Sonic, with a total of 2244, currently has a floor price of 274 $S, approximately 156 US dollars.
I think the main reason why this can become popular is twofold. One is the expectation of its own token issuance in the future, and the other is the spillover effect of Derps' influence. This is a Free Mint project, and everyone will want to take a chance.
Beardies
Sonic NFT trading market Paintswap's official NFT project, with a total of 2048 units, currently has a floor price of 1670 $S, which is approximately 950 US dollars.
The NFT series can receive 3% of the daily transaction fee income from the Paintswap trading market as dividends. In addition, there is a project called Colorful Coal, which was airdropped to Beardies by the official, and can also receive 1% of the daily transaction fee income from the Paintswap trading market as dividends.
METRONIX
The official NFT series issued by DEX Metropolis on Sonic, with a total of 777. The current floor price is 1120 $S, which is approximately 640 US dollars.
The series will receive airdrops of the native token $METRO from Metropolis.
Umans
Pure Art Series, occupying the narrative of the first NFT series on Sonic. A total of 998, and the current floor price is 179 $S, approximately 100 US dollars.
Conclusion
It can be seen that, currently, the popular projects on Sonic are mainly 'equity-type' NFTs, and the total supply is relatively small. The future development of these projects largely depends on the project parties behind them and even the entire Sonic ecosystem, as to how high they can reach. A relatively small total supply means that they may rise sharply when the market is good, but they may also suffer from a double blow of price and liquidity when the market is not good or when the project and ecosystem development are not good.
Therefore, the most certain Sonic NFT at present may still be Derps, and it is difficult for challengers to challenge its leading position in the short term.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
20 times leading has been achieved, Sonic Non-fungible Token "overtaking on the bend"?
Author: Cookie
Last week, we introduced the Hyperliquid NFT market (related reading: Niche players are happy, Hyperliquid NFT unexpectedly rises against the trend?). It can be said that the market of Hyperliquid NFT in the previous period was basically driven by a group of foreign NFT players, at least from the surface, there are not many signs of official intervention by Hyperliquid.
And the Sonic NFT market introduced this time is almost the opposite of Hyperliquid. It can be said that Sonic NFT is a very unique NFT ecosystem.
The uniqueness of Sonic NFT
The NFT player community has almost overlooked the Sonic NFT ecosystem. This may be related to Sonic's background, which is a chain led by DeFi OG Andre Cronje, focusing on DeFi, formerly known as Fantom and now renamed Sonic. Players participating in Sonic NFT are more from the DeFi player community, as well as users who were already active in Sonic(Fantom).
There are clear signs from top to bottom. For example, the current head of the Sonic NFT, Derps, is used as a Twitter avatar by a significant number of Sonic's official personnel. There are 16 certified accounts under Sonic's Twitter institution, and 9 of them are hanging Derps avatars. Andre Cronje himself also uses Derps as his Twitter avatar.
"Equity" NFTs are predominant. The projects with high trading volume are mostly due to the "shovel" effect, and they are basically from project parties with actual products, often linked to token airdrops, token pre-sale rights, and other utilities.
How to participate?
Compared to Hyperliquid, it's easy to get ready for Sonic NFT. We can directly buy $S on major CEX and then deposit it on Sonic chain, and then trade on Paintswap.
Sonic NFT Project Introduction
Derps
Undoubtedly, Sonic NFT is the leader, with a total of 2000. As mentioned earlier, many Sonic team members use this project as their Twitter avatar.
The current floor price is 2000 $S, about 1100 US dollars, and the market value is just over 2 million US dollars. It is worth mentioning that the project has a token $DERP, currently valued at about 6 million US dollars, and the price difference between NFT and token is not significant. Holders of Derps NFT can claim $DERP every day, and the amount claimed per day does not accumulate, which is a rather interesting mechanism. The token economics of $DERP are as follows:
Total supply 420,696,696 coins
30% for initial liquidity
30% Derp NFT holders can claim daily
20% belongs to the national treasury and is used for project development
10% is used to 'bribe' various DEX, which can be understood as marketing funds to promote $DERP to obtain better liquidity.
10% allocated to the team, locked until December 25, 2025
It is not quite appropriate to simply classify Derps as a 'cultural community' project, as it also has some DeFi gameplay based on $DERP. For example, you can use $DERP to mint ERC-1155 type NFTs to increase the yield of $DERP, and you can also use $DERP to 'feed' Derps NFTs to obtain Beprs NFTs. This is a series of 69420 in total (initial maximum supply of 10000, increasing over time), and the team plans to build games around Berps NFT in the future.
However, at present, the most attractive thing about Derps is undoubtedly the "golden shovel" effect. Previously, Derps NFT holders received the first big fur airdrop $SHADOW, which is a DEX on the Sonic chain, and each Derps NFT received about 2000U $SHADOW at the current price. The OG series Derpe Dewdz of Derps (with a total of only 100, currently priced at about 5 times the floor price of Derps) received about 8500U $SHADOW at the current value. With a bunch of Sonic team members using the project as their Twitter avatar background, undoubtedly, players have higher expectations for the future "golden shovel" effect of Derps.
SwapX xNFT
The NFT series launched on Sonic's DEX, with a total supply of 2989, currently has a floor price of 5800 $S, which is approximately 3300 US dollars.
This is not a PFP project, it is a 'equity-type' NFT. Holders can stake the NFT to receive dividends from the SwapX platform, and also qualify for token presale of some Sonic projects.
Lazy Bears
The NFT series issued by the Token Launchpad on Sonic, with a total of 2244, currently has a floor price of 274 $S, approximately 156 US dollars.
I think the main reason why this can become popular is twofold. One is the expectation of its own token issuance in the future, and the other is the spillover effect of Derps' influence. This is a Free Mint project, and everyone will want to take a chance.
Beardies
Sonic NFT trading market Paintswap's official NFT project, with a total of 2048 units, currently has a floor price of 1670 $S, which is approximately 950 US dollars.
The NFT series can receive 3% of the daily transaction fee income from the Paintswap trading market as dividends. In addition, there is a project called Colorful Coal, which was airdropped to Beardies by the official, and can also receive 1% of the daily transaction fee income from the Paintswap trading market as dividends.
METRONIX
The official NFT series issued by DEX Metropolis on Sonic, with a total of 777. The current floor price is 1120 $S, which is approximately 640 US dollars.
The series will receive airdrops of the native token $METRO from Metropolis.
Umans
Pure Art Series, occupying the narrative of the first NFT series on Sonic. A total of 998, and the current floor price is 179 $S, approximately 100 US dollars.
Conclusion
It can be seen that, currently, the popular projects on Sonic are mainly 'equity-type' NFTs, and the total supply is relatively small. The future development of these projects largely depends on the project parties behind them and even the entire Sonic ecosystem, as to how high they can reach. A relatively small total supply means that they may rise sharply when the market is good, but they may also suffer from a double blow of price and liquidity when the market is not good or when the project and ecosystem development are not good.
Therefore, the most certain Sonic NFT at present may still be Derps, and it is difficult for challengers to challenge its leading position in the short term.