最新报道:Sonic's TVL has plummeted 67% from $1.1 billion in May to $367 million, following the end of its market-making deal with Wintermute. CEO Michael Kong acknowledged TVL fluctuations as natural in crypto but emphasized institutional growth plans, including a U.S. ETF and digital asset treasury. Experts warn that reliance on market makers and yield-driven incentives poses sustainability challenges, with Sonic's native token S down 69% from its launch price. The network faces strategic decisions between market maker support and organic decentralization.