• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Sonic SVM Announces $12.8 Million Node Sale to Boost Solana Scalability

user avatar

by Giorgi Kostiuk

a year ago


  1. The Launch of HyperGrid and Its Impact on Blockchain
  2. Node Rewards: An Incentive to Join
  3. The Future of HyperGrid and Its Importance for Solana

  4. Sonic SVM, a revolutionary project dedicated to increasing the speed and throughput of the Solana blockchain to gaming-grade levels, is poised to launch a validator node sale worth $12.8 million. This significant event will take place the week of September 16, 2024, marking a major milestone in the development of the decentralized HyperGrid system.

    The Launch of HyperGrid and Its Impact on Blockchain

    Sonic SVM aims to push the boundaries of blockchain technology by empowering the network with unprecedented scalability and efficiency. The sale of 50,000 Hyperfuse nodes will take place across 20 distinct pricing tiers, with proceeds directed towards the project’s treasury, the development team, and community grants. HyperGrid aims to redefine how decentralized networks operate, particularly in gaming and beyond. This event is particularly significant for blockchain enthusiasts and investors.

    Node Rewards: An Incentive to Join

    The Sonic SVM node sale follows its $12 million Series A fundraising led by Bitkraft, and is seen as a key driver for ensuring the network’s long-term growth and success. Node operators will play a critical role in ensuring the security of the HyperGrid network. In return for their participation, they will be rewarded with tokens, creating a lucrative opportunity for those contributing to the system’s sustainability. This initiative not only helps in securing the network but also offers an incentivized model to ensure engagement from the community and external participants.

    The Future of HyperGrid and Its Importance for Solana

    Solana has long been touted as one of the most scalable blockchain platforms, capable of processing up to 65,000 transactions per second. However, the launch of Sonic SVM’s HyperGrid framework could push Solana’s capabilities even further, particularly in gaming. Blockchain gaming is one of the most rapidly growing sectors within the cryptocurrency space, and the ability to handle large transaction volumes is key to its long-term viability. Looking ahead, HyperGrid plans to expand its reach beyond gaming to other high-demand applications such as decentralized finance (DeFi), supply chain management, and enterprise solutions. The flexible architecture of HyperGrid ensures that it can be adapted to meet the needs of various industries, driving future growth and adoption.

    Sonic SVM’s $12.8 million node sale for the Solana-based HyperGrid network marks a critical development for both the project and the broader blockchain space. By selling 50,000 Hyperfuse nodes across 20 pricing tiers, Sonic SVM aims to raise funds to fuel its growth while ensuring the long-term security and scalability of the HyperGrid system. With token rewards incentivizing node operators, this initiative is poised to attract significant interest from both investors and participants. As Sonic SVM continues to innovate and expand, its HyperGrid network could become a cornerstone of the blockchain gaming industry and other applications.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

XRP Australia 2026 Event to Foster Blockchain Innovation

chest

The XRP Australia 2026 event aims to bring builders together for a 24-hour sprint focused on developing real-world applications on the XRPL.

user avatarLi Weicheng

Analyst Highlights Importance of LTC/BTC Pair for Litecoin's Future

chest

Crypto analyst CryptoWzrd highlights the importance of the LTC/BTC pair for Litecoin's future, emphasizing the need for bullish sentiment and a strong daily candle to confirm a breakout.

user avatarAisha Farooq

Litecoin Shows Bullish Momentum as Price Approaches Key Resistance

chest

Litecoin closed the daily session positively, indicating short-term bullish momentum as it approaches a significant resistance level at 57.

user avatarTenzin Dorje

Bitcoin Faces Continued Downward Pressure Amid Market Instability

chest

Bitcoin has struggled to reclaim key resistance levels, hovering around the 69,000 price region amidst bearish market sentiment.

user avatarMohamed Farouk

CEO of Praetorian Group International Sentenced to 20 Years for Ponzi Scheme

chest

CEO of Praetorian Group International sentenced to 20 years for operating a large-scale Ponzi scheme that defrauded investors of over $627 million.

user avatarElias Mukuru

Bitcoin Whales Face Significant Unrealized Losses Amid Bear Market

chest

Bitcoin whales are facing significant unrealized losses due to the ongoing bear market, which may lead to further price declines.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.