The Soneium Ecosystem Is Expanding At An Accelerated Rate

5 days ago

Web2 is seamlessly bridging to Web3, and Across is leading the charge as a Day-1 bridge partner for the newly launched Soneium mainnet. With Across's ultra-fast and secure cross-chain technology, Soneium's ecosystem effortlessly connects with Ethereum, enhancing blockchain accessibility and paving the way for global Web3 adoption.

Soneium, powered by Sony BSL, is an innovative Layer 2 blockchain built on the Optimism OP Stack. It’s designed to bridge the gap between Web2 and the on-chain world, offering a scalable, developer-friendly platform tailored for dApps, particularly in the entertainment sector.

Across joins as a Day-1 bridge partner to enable seamless crosschain interactions. As a trusted Superchain bridge provider, Across delivers proven Intents-based infrastructure and native interoperability right from launch.

With backing from Sony BSL’s expertise and vast network, Soneium merges cutting-edge blockchain tech with a user-first approach, making on-chain interactions accessible to the mainstream. After a successful testnet with over 14M active wallets and 47M transactions, Soneium is primed for a global expansion through cross-chain capabilities.

I am a crypto explorer and I had to dive into Soneium! And this is how a new DeFi chapter started... with a 6 seconds transfer from Optimism, though Across! Had to tweet about it, as the speed and fees are always amazing!

Since then, the ecosystem evolved at an accelerated rate! From entertainment and game to socials or DeFi... you have them all. Just have a look at the map and you will understand why Soneium will flip some charts in 2025!

I quickly dived into Kyo Finance, a protocol that delivers innovative financial tools designed for both Web3 natives and Web2 users transitioning into the blockchain space. You can earn Kyo Credits by supplying liquidity, on top of the generous yields.

Kyo Finance focuses on democratizing decentralized finance with user-centric products like yield optimization, crosschain liquidity solutions, and tokenized assets tailored for the entertainment industry. Supplying liquidity also improves the ACS score, allowing the users to earn more $ASTR in the ACS campaign.

Built for the future of entertainment finance, Kyo Finance also taps into Soneium’s robust ecosystem to enable seamless integration with entertainment-based dApps, allowing creators and fans to monetize, trade, and engage in unique onchain experiences.

Whether you’re a seasoned crypto user or a newcomer exploring blockchain-powered finance, Kyo Finance on Soneium bridges innovation and usability, setting the stage for the next wave of DeFi adoption. Interesting so far... but there's more alpha to share!

The badge system created hype on the chain, and the Kyo one is easy to get. You have to trade at least 100 USD and complete at least 10 transactions before the 1st of April, including one liquidity provision. The quest dashboard will show the criteria completed as soon as the transaction cap is achieved.

Sake Finance is an integrated liquidity protocol on Soneium, ushering in a new era of decentralized finance through seamless modular integration. At launch, it introduces three key modules designed to provide a smooth and user-friendly experience. This was the first protocol I tried on this layer2, and was impressed since day one.

Sake Finance embodies the future of DeFi by delivering a fully integrated suite of tools within a single platform. Their reward program is above average, integrating points, tiers, spins and many more. I have a Shogun NFT and staked assets above $100, which grants me two spins per week.

The points from the spins will be used in the future, and a conversion to Sake Points will be added. Until then I keep farming, waiting patiently to see if we will have a $SAKE token in the future. To be honest, I would use AKE as the ticker to obtain a cool $AKE as a result.

The lending and borrowing protocol forms the foundation of the Sake ecosystem, offering a diverse range of assets and driving liquidity throughout the platform. With features like E-Mode, it enhances portfolio returns and efficiency. Complementing this is an overcollateralized stablecoin, securely backed by yield-bearing tokens from the lending module.

Sake Points will play a key role in decentralized governance, shaping the future of the Sake Finance ecosystem. Updates on their utility and additional features are coming soon.

My strategy was to deposit a wide range of assets, then borrow small amounts to boost points farming. Sake Finance has a badge campaign as well, with more tasks than others. It's not harder to tick boxes, just more lending and borrowing in various pools.

The decentralized finance platform operating on Soneium aims to simplify blockchain interactions and provide a user-friendly Web3 experience. This vision is emporered by SoneFi with a suite of financial services, including lending, borrowing, and yield farming, tailored for the Soneium ecosystem.

By leveraging Soneium's scalability and low transaction costs, SoneFi enables users to engage in DeFi activities with improved efficiency and reduced fees. However, the most interesting part was the mainnet points campaign and the hustle for points!

SoneFi's development aligns with Soneium's mission to bridge Web2 users into Web3, making blockchain technology more accessible to normies. My journey started with supplying USDC into the Perp Pool, and enjoying an APR that sometimes was above 70%. Feels like free money!

Sonex is a decentralized exchange (DEX) built on the Soneium blockchain, aiming to revolutionize decentralized finance (DeFi) by offering a secure, efficient, and user-friendly platform for trading digital assets. You can quest, swap or supply liquidity to earn points and X-Token.

In a significant milestone, SONEX secured $1 million in seed funding to further its mission of revolutionizing DeFi and expanding the Soneium ecosystem. This funding is directed towards enhancing security measures, expanding operational capacity, and exploring emerging DeFi technologies and integrations.

All the above made me have good vibes about Sonex, therefore I added more liquidity in there and evens staked some USDC. I already had provided ASTR - nsASTR as part of a strategy that farms on multiple protocols, and now I consolidated the farming with two more deposits.

The X-Pool brought new dynamics, bringing single stake pools for ASTR and USDC. The APR is high, and the earnings in X-Token are considerably high compared with the ecosystem average. I dived into both and farming like a chad!

Untitled Bank is a permissionless and modular lending platform built on the Soneium blockchain, designed to enhance decentralized finance accessibility through its unique Aggregated and Layered Bank architecture.

As the sole winner in the lending category of the Soneium Spark Program, Untitled Bank has demonstrated its potential to reshape the DeFi lending landscape. I am not into lending and borrowing, this is why I tapped into USDC staking.

To encourage early adoption and community engagement, Untitled Bank implemented an airdrop campaign where users could earn U points through various activities, such as lending, borrowing, community participation, and referrals.These points could then be converted into rewards, incentivizing active participation within the platform.

Untitled Bank aims to create a more inclusive financial space on Soneium by offering services like lending, borrowing, and leverage to everyone in the ecosystem, including ETH and ASTR holders. For me the 11.51% APY on USDC was the main attraction, where I added 150 tokens at the start of the month. I already farmed 242 U-points and my stablecoin stash grew to 153.82 in a couple of weeks. Let's go!

Algem is for Ethereum OGs and the crypto savvy people that dived early days into restaked ETH! The decentralized finance protocol is integrated with Soneium, and offers innovative solutions for users to enhance the liquidity and utility of their assets.

Everything is simplified by the Liquid dApp Staking V2, as an one-click experience! Algem's Liquid Farming enables users to farm assets like ETH while retaining liquidity, allowing for additional earning opportunities within the Soneium ecosystem.

Arkada is a reputation-based quest-to-earn platform within the Soneium ecosystem, similar to Layer3, which came to fill the gamification part. It is designed to enhance user engagement in Web3 through interactive quests and challenges.

Unlike traditional quest platforms that often contend with bots and short-term participants, pointing fingers at Intract which I dislike, Arkada employs a dynamic reputation scoring system to distinguish and reward genuine long-term contributors.

Arkada is built on Soneium and offers users a gamified environment where they can complete quests, earn rewards, and build their legacy along the onchain reputation. It integrates elements of gaming, NFTs, authentic engagement, and decentralized experiences!

By participating in Arkada quests, I started to accumulate points that can be redeemed for rewards, including airdrops from various projects within the Soneium ecosystem. All the engagement I build while questing will probably lead to eligibility towards several airdrops.

You can also improve the rewards and the ASTAR score by gathering the Shogun NFTs, which will build an amazing armor for the user who collects them all. This approach ensures that $ASTR tokens and other incentives are distributed effectively to the supporters of the ecosystem