Building the Future of Secure and High-Performance Web3 with Sonic
Sonic Labs is redefining the landscape of Web3 with the highest-performing EVM Layer 1 blockchain, built for speed, security, and developer incentives. With an impressive 300 – 400k transactions per second (TPS) and sub-second finality, Sonic provides the foundation for the next generation of decentralized finance (DeFi) applications and beyond.
One of Sonicโs standout features is its Fee Monetization (FeeM) program, which fundamentally changes how developers earn in the Web3 space. Borrowing from the Web2 ad-revenue model but adapting it to a decentralized framework, FeeM rewards developers with up to 90% of the fees generated by their applications.
This ensures that builders can directly profit from their appโs traffic and user engagement, creating a more sustainable and developer-friendly ecosystem.
We caught up with the team at Sonic to learn how Sonic identifies and mitigates threats to their organization and community. We unpack the evolving threat landscape, and how working with security partners (like ChainPatrol!) helps keep users safe.
๐ก ChainPatrol:
Can you start by explaining what Sonic does in the Web3 space?
๐๏ธ Sonic:
Sonic Labs is the highest-performing EVM L1, combining speed, incentives, and world-class infrastructure, powering the next generation of DeFi applications. The chain provides 10,000 TPS and sub-second finality.
Sonic’s Fee Monetization (FeeM) program rewards developers with up to 90% of the fees their apps generate, adapting the Web2 ad-revenue model to a decentralized framework. Developers now directly profit from their app’s traffic and user engagement.
Furthermore, the Sonic Gateway provides developers and users with seamless access to vast liquidity through a native, secure bridge connected to Ethereum. With a unique fail-safe mechanism, it ensures your assets are protected in all circumstances.
๐ก ChainPatrol:
What are some of the major and unique benefits of Sonic, for users?ย
๐๏ธ Sonic:
Sonic is engineered to offer a superior user and developer experience. Here are some of the standout benefits:
- Leading Builders โ The applications on Sonic are setting new industry standards, built by some of the most innovative teams in Web3.
- FeeM Incentives โ Developers on Sonic can earn up to 90% of the network fees generated by their applications, significantly increasing their earning potential.
- Speed & Performance โ With sub-second transaction finality and 10,000 TPS, Sonic is optimized for real-time applications, making it ideal for DeFi, gaming, and high-frequency trading.
- Low Fees โ Reduced gas fees enhance accessibility, ensuring that users and developers can interact with the network without excessive costs.
- Security & Robustness โ Advanced cryptographic techniques and rigorous audits maintain a highly secure and resilient network.
- Interoperability โ Sonicโs native bridge, along with multiple third-party bridge integrations, ensures seamless cross-chain connectivity.
๐ก ChainPatrol:
Why did the Sonic team decide to take a proactive approach to online threats targeting Sonic and the Sonic community, like phishing and impersonation?ย
๐๏ธ Sonic:
As a team of industry veterans, weโve always understood that security threats are an inevitable challenge in the Web3 space. We knew that threats like phishing and impersonation would eventually target Sonic and our community, if not already. And with scams becoming increasingly sophisticated, we recognized that proactive security measures are essential. Safeguarding our users and developers is our top priority, and so we knew we should take action early.ย
๐ก ChainPatrol:
What are the main ways that these threats impact your business, and what threat is most problematic or concerning?ย ย
๐๏ธ Sonic:
The most pressing threats weโve identified are phishing attacks and impersonation scams. We take these threats very seriously because they directly impact user trust. Malicious actors attempt to trick users into connecting their wallets to fraudulent sites, leading to asset loss.
These threats pose reputational risks to Sonic and hinder adoption, as security concerns often deter new users from engaging with Web3. Ensuring the safety of our ecosystem is critical to fostering trust and long-term growth.
๐ก ChainPatrol:
Can you describe how ChainPatrol is supporting you in your mission to proactively address threats?
๐๏ธ Sonic:
ChainPatrol plays a crucial role in strengthening Sonicโs security infrastructure. By working with ChainPatrol, we can provide users with a safer experience, reducing the likelihood of scams and fraudulent activities within the ecosystem. Through real-time threat detection and takedowns, ChainPatrol helps us swiftly identify and mitigate phishing sites, impersonation attempts, and other online threats targeting our community.
๐ก ChainPatrol:
As your organization scales, are you finding that threats grow as well? How are your protection needs evolving?
๐๏ธ Sonic:
Yes, as Sonic expands, the attack surface increases. More users, developers, and integrations mean more opportunities for bad actors to exploit vulnerabilities.
To stay ahead, we are constantly evolving our security measures, leveraging advanced AI-driven threat detection, expanding our security partnerships, and educating our community on best practices to recognize and avoid scams. Our protection strategy is dynamic, adapting to new threats as they emerge.
๐ก ChainPatrol:
Security in the Web3 space is a major barrier of entry โ People are fearful of crypto hacks, scams, and other vulnerabilities. How is Sonic supporting the growth of a secure Web3 space that helps shift perceptions about safety in Web3?
๐๏ธ Sonic:
Weโre committed to building a safer Web3 ecosystem, and are investing in that commitment in a few ways. First, by prioritizing proactive threat mitigation. Our partnerships with security firms like ChainPatrol help protect users and developers from scams and fraud.
Second, through audited infrastructure. We conduct regular smart contract audits and implement rigorous security measures to safeguard assets and data.
And third, by adopting developer-focused security tools. By offering robust security toolkits, we ensure that applications built on Sonic meet high-security standards, reducing attack vectors at the infrastructure level.
Are you ready to protect your brand and community?ย Book a ChainPatrol demoย to learn how we can help.