The L1 space is crowded. Dozens of chains are competing for attention, liquidity, and builders. But very few have figured out how to retain users, not through grants or hype, but through smart, aligned design. Sonic has. And it's working. 1/ Real Onchain Activity Sonic’s growth isn’t theoretical. It’s visible, measurable, and on-chain. • Ecosystem tokens like $SHADOW, $BEETS, and $ANON are generating fees, growing TVL, and getting top-tier listings • Daily active users and transactions are trending up • Bridged $USDC, TVL inflows, and chain revenue are accelerating • $S is fully unlocked, a rare structure at this level of adoption This is not a chain running on speculative TVL. It’s real usage from real economic activity. 2/ Airdrop Incentives That Actually Work Airdrop Season 2 changes the playbook. Instead of passive farming or wallet games, rewards are tied to actual activity: -> LPing, lending, and interacting with Sonic-native protocols -> Loyalty is rewarded with a 3x multiplier for consistent users -> Season 1 sets the baseline, but Season 2 is where habits are formed It's incentive design that shapes behavior and strengthens protocol retention at every level. 3/ A Flywheel That’s Compounding Sonic isn’t just attracting users. It’s locking them in. • Users earn → Protocols see traction → Devs monetize via FeeM • Builders stay → More apps launch → Liquidity deepens And the cycle continues What makes this flywheel work is that every layer reinforces the next. It’s not fueled by grants or mercenary capital, it’s built on aligned value flows. 4/ A Setup For Repricing Despite all of this: -> $S still trades below many L2s with no working ecosystem -> Its volume-to-market cap ratio is among the strongest in the L1 space -> There’s no future dilution to price in When the market returns to fundamentals, Sonic won’t stay off the radar.