Sonic’s ‘Odyssey’ Testnet Reaches Milestone with 100,000 Wallets and 17 Million Transactions

Sonic’s ‘Odyssey’ Testnet Reaches Milestone with 100,000 Wallets and 17 Million Transactions

  • Economy
  • July 7, 2024
  • No Comment
  • 51

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.

Sonic, the first atomic Solana Virtual Machine (SVM) chain supporting the Solana network independent game economies, reached an important milestone with its testnet, Odyssey.

This testnet has now connected 100,000 wallets and processed over 17 million transactions. This progress sets the stage for its upcoming mainnet launch.

Sonic Will Offer Scalable Solutions For Developers To Deploy Customized SVM Chains

Harsh Agarwal, the Investment Head at Cypher Capital, noted that he is confident in Sonic’s ability to create gaming economies on Solana. Agarwal is happy to back Sonic in creating the first SVM Layer 2 Gaming Chain. He acknowledged Chris Zhu’s vision and expertise in promoting the growth of both companies.

With these changes, Sonic is set to become a major player in blockchain gaming. Big investors and people in the crypto market are now watching Sonic closely because of its strong testnet results. Sonic is also about to release its mainnet, showing that blockchain gaming on Solana is growing steadily.

The Sonic open testnet lets users try out Sonic by making transactions and doing swaps to see its great performance firsthand. This tutorial will teach users everything they need to know to get the best out of the open testnet.

Sonic is the first atomic SVM Layer 2 designed to support independent game economies on Solana. It runs on HyperGrid, a key technology created by Mirror World. This tech allows developers to set up custom Sonic Solana Virtual Machine (SVM) chains, giving them huge scaling benefits.

The ‘Odyssey’ Testnet Campaign Aims To Incentivize User Participation

With assistance from Cypher Capital, a $308 million crypto investment firm, Sonic generates funds to better its ecosystem before launching the mainnet. The new funds will support the ‘Odyssey’ testnet campaign, aiming to bring in participation, and support Sonic’s core teams. The funding will be used to grow the main team, make game projects, and form marketing teams all over the world.

Currently, Sonic operates a live test network that encourages users to participate in various on-chain activities. These activities involve transactions and games that will soon be available on Sonic.

Chris Zhu, who started Sonic, noted that Cypher Capital’s connection in the community and access to the right funding is important in linking gaming with the Solana network. He thanked Cypher Capital for helping Sonic grow.

Cypher Capital helps Sonic, which is the only gaming chain using Solana Virtual Machine. Sonic uses HyperGrid, a horizontal scaling solution pinned to Solana, for its infrastructure. This allows any game to set up its own blockchain and be customized freely, enabling the creation of new independent game economies.

About Ali Raza PRO INVESTOR

Ali is a professional journalist with experience in Web3 journalism and marketing. Ali holds a Master’s degree in Finance and enjoys writing about cryptocurrencies and fintech.

Ali’s work has been published on a number of leading cryptocurrency publications including Capital.com, CryptoSlate, Securities.io, Invezz.com, Business2Community, BeinCrypto, and more.

#Sonics #Odyssey #Testnet #Reaches #Milestone #Wallets #Million #Transactions

Related post

Officials Are Fired at Traffic Safety Agency Investigating Musk’s Company

Officials Are Fired at Traffic Safety Agency Investigating Musk’s…

The federal agency responsible for traffic safety, which has been investigating whether self-driving technology in Tesla vehicles played a role in…
Allowing racist tropes about Romani people to persist is dangerous | Racism

Allowing racist tropes about Romani people to persist is…

The black tea I sipped in the cafe seemed to curdle as I processed the words. An engaging conversation with an…
Marchand: With ESPN opt-out, MLB commissioner Rob Manfred creates another TV mess

Marchand: With ESPN opt-out, MLB commissioner Rob Manfred creates…

Either Major League Baseball commissioner Rob Manfred has close to a $550 million per year alternative to ESPN or he has…

Leave a Reply

Your email address will not be published. Required fields are marked *