Sonic Labs與Wintermute分裂，尋找新的做市商

Sonic Labs宣布與Wintermute的關係結束。該平台正在尋找一個可以反映鏈活動和Defi增長的新做市商。

Sonic Labs, the blockchain platform, announced the end of its relationship with Wintermute. The platform is searching for a new market maker that can reflect the growth of on-chain activity and DeFi.

區塊鏈平台Sonic Labs宣布與Wintermute的關係結束。該平台正在尋找一個可以反映鏈活動和Defi增長的新做市商。

As part of the news, the S token slid from $0.61 down to $0.53 on strong selling pressure. The Sonic Labs team explained that the selling happened after Wintermute was informed that the five-year relationship with the project would end. One of the reasons for Wintermute selling was to cover a liquidity loan from Sonic Labs.

作為新聞的一部分，S令牌從0.61美元下降到強勁的銷售壓力下降到0.53美元。 Sonic Labs團隊解釋說，銷售發生在Wintermute被告知與該項目的五年關係結束後發生。 Wintermute銷售的原因之一是涵蓋Sonic Labs的流動性貸款。

24 hours ago, we informed @wintermute_t that we will not be renewing our MM contract. We have been using WM exclusively for 5 years of service.

24小時前，我們告知@wintermute_t我們將不會續簽我們的MM合同。我們已經專門使用WM服務了5年。

We have engaged with other MM firms who are willing to provide MM++, they get involved in our DeFi ecosystem, engage with applications…

我們已經與願意提供MM ++的其他MM公司互動，他們參與了我們的Defi生態系統，參與應用程序…

— assistant.sonic (@SonicAssistant) May 15, 2025

- 助理。

The sales were tracked to the Wintermute wallets as the market maker divested 3M S, shifting holdings down to 10M tokens. After the sale, Wintermute holds $5.9M of S based on current prices.

當做市商剝離3M S，將持有量降至1000萬令牌時，銷售被追踪到Wintermute錢包。出售後，Wintermute根據目前的價格持有590萬美元的S。

The team’s explanation was met with some skepticism, as the exact terms of the token loan were unknown, as well as the need for Wintermute to sell the token and crash the price.

該團隊的解釋受到了一些懷疑，因為代幣貸款的確切條款尚不清楚，並且需要Wintermute出售令牌和價格崩潰。

The Sonic community speculated that the partnership was ended on bad terms, leading to the selling pressure. There are also suggestions Wintermute may actually have to re-buy S tokens to return the loan in kind. Wintermute has not given the rationale for depositing the tokens to exchanges.

Sonic社區推測合作夥伴關係以不良的條件結束，導致銷售壓力。 Wintermute實際上也可能需要重新購買S象徵才能以實物歸還貸款。 Wintermute尚未給出將令牌存放到交換的基本原理。

The end of the Wintermute contract is also expected to lead to more volatility for the native S token. The asset mostly trades on Binance and Bybit, where market makers often boost volumes and help generate demand for the asset.

預計Wintermute合同的結束也有望導致本地人的象徵性更大。該資產主要是在二元和bybit上進行的，營銷商通常會增加量並幫助產生對資產的需求。

Sonic grows a decentralized ecosystem

Sonic成長一個分散的生態系統

Sonic has grown its decentralized ecosystem and seeks market makers to support teams, apps, and liquidity events. The chain recently posted a record in its total value locked at over $1B, becoming one of the fastest-growing chains in 2025.

Sonic已經發展了其分散的生態系統，並尋求做市商支持團隊，應用程序和流動性活動。該連鎖店最近發布了其總價值鎖定的記錄，鎖定在1B美元以上，成為2025年增長最快的連鎖店之一。

The Sonic ecosystem includes a native version of Aave lending, the Shadow DEX, as well as a version of the Pendle yield protocol. Sonic was mostly supplied by the Ethereum ecosystem, with $2.3B in inflows and $555M in net inflows. Sonic remains connected to the L1 ecosystem with constant bridging and active turnover. The chain also has small inflows from Base and Solana.

聲音生態系統包括AAVE貸款的本機版本，陰影DEX以及Pendle屈服協議的版本。 Sonic主要由以太坊生態系統提供，流入$ 2.3B和5.55億美元的淨流入。 Sonic保持連接到L1生態系統，並具有恆定的橋接和主動周轉率。該鏈也有底座和索拉納的少量流入。

In the past months, Sonic also saw constantly expanding transactions, active wallets, and fees. However, Sonic still produces under $15K in daily fees, lagging behind more established networks.

在過去的幾個月中，Sonic還看到了不斷擴大交易，主動錢包和費用。但是，Sonic的每日費用仍然不到15,000美元，落後於更具成熟的網絡。

The chain carries more than $484M in bridged USDC, supporting between $100M and $150M in daily DEX activity. The Shadow exchange carries over $55M of the daily DEX activity, trading some of the most prominent tokens in the Sonic ecosystem.

該連鎖店攜帶超過4.84億美元的橋接USDC，每日DEX活動提供了1億至1.5億美元。 Shadow Exchange的每日DEX活動超過5500萬美元，交易了Sonic生態系統中一些最突出的令牌。

The chain regularly carries over 50K daily active users, rivaling similar networks. Sonic also retains a large social media community, aiming to build an ecosystem similar to Solana based on cheap transactions and available liquidity.

該鏈條定期攜帶超過50k的日常活躍用戶，與類似的網絡媲美。 Sonic還保留了一個大型的社交媒體社區，旨在建立一個基於廉價交易和可用流動性的Solana類似的生態系統。