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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Sonic Introduces Its Mobius Mainnet to Serve as a Seamless Extension of Solana
Sonic, the first chain extension built on Solana, launched its Mobius mainnet today (February 27).
The blockchain solution aims to extend Solana’s capabilities, enhance scalability, and provide a dedicated layer for high-volume decentralized applications (dApps).
Mobius Goes Live
According to a document shared with CryptoPotato, the Mobius mainnet will enable Sonic to serve as a seamless extension of Solana, allowing developers to easily migrate existing applications and benefit from the chain’s powerful features.
Some of these include the use of SOL for gas fees and full interoperability with Solana’s accounts via an Interoperability API. In addition, Sonic is compatible with key ecosystem protocols like Metaplex, Pyth, and Hyperlane, offering developers a powerful set of tools.
Mobius embodies the goal of creating a cohesive Solana ecosystem, aligning with the network’s evolving vision for 2025 and beyond. Leveraging the HyperGrid framework, Solana’s pioneering scaling technology, Sonic boosts customization and scalability while maintaining full compatibility with Solana’s mainnet.
The launch of Mobius capitalizes on Sonic’s current momentum, including a $1 million Hackathon encouraging developers to build dApps on Sonic’s layer-2. By connecting EVM and SVM environments, the solution provides cross-chain projects with access to Solana’s liquidity and network benefits.
It is worth mentioning that Sonic offers transaction fees that are 50% lower than Solana. It eliminates block space competition to ensure smoother performance for DeFi, GameFi, and social dApps. Last but not least, HyperGrid enables Ethereum Virtual Machine (EVM) developers to write applications in familiar languages, with execution and settlement occurring on Solana.
‘The Beginning of a New Era for Web3’
Speaking on the aforementioned initiative was Chris Zhu, co-founder and CEO of Sonic SVM. He claimed his entity has demonstrated “remarkable traction” during the testnet phase, with countless games and dApps deployed and over 8 million users onboarded.