Sonic Labs与Wintermute分裂，寻找新的做市商

Sonic Labs宣布与Wintermute的关系结束。该平台正在寻找一个可以反映链活动和Defi增长的新做市商。

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.

区块链平台Sonic Labs宣布与Wintermute的关系结束。该平台正在寻找一个可以反映链活动和Defi增长的新做市商。

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.

作为新闻的一部分，S令牌从0.61美元下降到强劲的销售压力下降到0.53美元。 Sonic Labs团队解释说，销售发生在Wintermute被告知与该项目的五年关系结束后发生。 Wintermute销售的原因之一是涵盖Sonic Labs的流动性贷款。

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小时前，我们告知@wintermute_t我们将不会续签我们的MM合同。我们已经专门使用WM服务了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…

我们已经与愿意提供MM ++的其他MM公司互动，他们参与了我们的Defi生态系统，参与应用程序…

— 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.

当做市商剥离3M S，将持有量降至1000万令牌时，销售被追踪到Wintermute钱包。出售后，Wintermute根据目前的价格持有590万美元的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.

该团队的解释受到了一些怀疑，因为代币贷款的确切条款尚不清楚，并且需要Wintermute出售令牌和价格崩溃。

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社区推测合作伙伴关系以不良的条件结束，导致销售压力。 Wintermute实际上也可能需要重新购买S象征才能以实物归还贷款。 Wintermute尚未给出将令牌存放到交换的基本原理。

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.

预计Wintermute合同的结束也有望导致本地人的象征性更大。该资产主要是在二元和bybit上进行的，营销商通常会增加量并帮助产生对资产的需求。

Sonic grows a decentralized ecosystem

Sonic成长一个分散的生态系统

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已经发展了其分散的生态系统，并寻求做市商支持团队，应用程序和流动性活动。该连锁店最近发布了其总价值锁定的记录，锁定在1B美元以上，成为2025年增长最快的连锁店之一。

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.

声音生态系统包括AAVE贷款的本机版本，阴影DEX以及Pendle屈服协议的版本。 Sonic主要由以太坊生态系统提供，流入$ 2.3B和5.55亿美元的净流入。 Sonic保持连接到L1生态系统，并具有恒定的桥接和主动周转率。该链也有底座和索拉纳的少量流入。

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.

在过去的几个月中，Sonic还看到了不断扩大交易，主动钱包和费用。但是，Sonic的每日费用仍然不到15,000美元，落后于更具成熟的网络。

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.

该连锁店携带超过4.84亿美元的桥接USDC，每日DEX活动提供了1亿至1.5亿美元。 Shadow Exchange的每日DEX活动超过5500万美元，交易了Sonic生态系统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.

该链条定期携带超过50k的日常活跃用户，与类似的网络媲美。 Sonic还保留了一个大型的社交媒体社区，旨在建立一个基于廉价交易和可用流动性的Solana类似的生态系统。