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Sonic Rises 15% After Binance Wallet Integration Announcement

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by Giorgi Kostiuk

13 hours ago

Sonic's price surged 15% and reached an all-time high in total value locked following the announcement of its integration with Binance Wallet.

Sonic Integration with Binance Wallet

On May 1, the integration of Sonic with Binance Wallet was announced, allowing users to interact with Sonic's decentralized applications and send tokens directly from the Binance Wallet interface.

Market Activity and Sonic Metrics

Following the news, Sonic's trading volume rose by 182.8% to $275.8 million, and open interest climbed by 20%. According to DeFiLlama, Sonic's total value locked hit $1.06 billion, up 3% from the previous day.

Future Prospects for Sonic

Sonic Labs is set to hold the Sonic Summit from May 6–8 in Vienna, where significant announcements are expected. Such events may support bullish momentum for the S token.

With the integration with Binance Wallet and upcoming events, Sonic shows positive market indicators and potential for future growth.

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