How Shiba Inu Developers Could Have Made Millions by Launching on Sonic Blockchain
Shiba Inu developers missed out on a multimillion-dollar opportunity by not launching their meme coin on the Sonic network. In a recent discussion, Andre Cronje, the founder of Sonic, highlighted the substantial profits developers could have earned if their tokens were launched on the Sonic blockchain.
Specifically, Cronje noted that developers alone could have reaped over $88 million in profits. Other meme coins, such as Pepe and Floki, also stood to gain significantly, with potential earnings of $5.8 million and $1.6 million, respectively. These impressive figures stem from Sonic’s unique gas monetization model, which allows developers to pocket up to 90% of the gas fees generated by their projects.
Sonic’s Revolutionary Gas Monetization Model
Sonic is designed to offer developers a more profitable blockchain environment. With ultra-fast transaction speeds of 720 milliseconds and excellent scalability, Sonic aims to become the go-to network for decentralized applications (dApps). The platform’s standout feature is its gas revenue-sharing model, which grants developers up to 90% of the gas fees generated by their dApps.
This gas-sharing approach could have dramatically boosted earnings for major protocols like Compound and Aave, as well as stablecoin issuers like Circle and Tether, had they leveraged Sonic’s model.
This revenue model is a game-changer for dApp developers, as it rewards those generating high traffic with substantial financial returns—something traditional blockchain platforms often fail to offer.
Shiba Inu’s L2 Solution: Shibarium
The Shiba Inu ecosystem, under the leadership of Shytoshi Kusama, has taken a different approach by launching its own layer-2 solution, Shibarium. Designed to improve scalability for the Shiba Inu ecosystem, Shibarium has already processed over 418 million transactions since its August launch and boasts 1.82 million wallet addresses. Despite some initial technical challenges, the team has worked tirelessly to stabilize and optimize the network, contributing to the burn of Shiba Inu tokens.
Read more Shiba Inu Set for a Potential Price Surge, CryptoCheck Reports
However, the prospect of the $88 million in profits Sonic could have generated doesn’t seem to appeal to Shiba Inu’s anonymous founder. Instead of cashing in on massive gains from selling SHIB, the founder chose to leave the project in the hands of the community and disappear from the spotlight.
While Shibarium continues to evolve, the untapped potential of launching on Sonic remains a compelling “what if” for the Shiba Inu project.
Important Notice: The content of this article is for informational purposes only and should not be construed as financial advice. chinwa.tech
assumes no responsibility for any investment decisions made based on the information provided herein. It is strongly advisç zed to seek the guidance of a qualified specialist or financial advisor before making any investment choices.
