Binance Wallet now supports the Sonic blockchain, enabling asset transfers and dApp interaction, while also teasing promotional airdrops to drive adoption.
Sonic (S) has secured a notable milestone in adoption. On Thursday, May 1, Binance Wallet announced its integration with the Sonic blockchain. This move enables token transfers on-chain and allows users to interact directly with Sonic dApps through the wallet.
Alongside the integration, Binance revealed plans for promotional airdrops to encourage wallet usage. While full details are pending, Binance confirmed that users who actively engage with dApps on the Sonic network via the Binance Wallet will be eligible to receive Sonic tokens. The aim of the campaign is to incentivize adoption of Binance’s multichain wallet solution.
Binance deepens ties with Sonic
With its integration into the Binance Wallet, Sonic became the latest among the networks that this multichain wallet supports. This includes the Bitcoin network, Ethereum and its layer-2 networks, Solana, Bitcoin Cash, Litecoin, and more. Its goal is to provide a platform that lets users easily access multiple chains, and swap assets between them.
This announcement comes two days after Binance enabled bridged USDC for the Sonic network. The integration, according to the exchange, will increase the liquidity on the network, which could help boost its native tokens. Still, Binance notes that the bridged USDC is managed by Sonic Labs and cannot be redeemed with Circle, so users should treat it accordingly.
Formerly known as Fantom, Sonic is a high-performance layer-1 blockchain designed for sub-second finality, meaning transactions settle almost instantly. The network is fully compatible with Ethereum’s virtual machine, allowing seamless interoperability with Ethereum’s large ecosystem and its associated layer-2 solutions.
This enables its dApps to seamlessly communicate with Ethereum’s large ecosystem, as well as all its layer-2s. The main focus of the Sonic network is DeFi, NFTs, and gaming, all applications that require fast speeds and low transaction costs.
