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Xujialou Subdistrict, Taishan District, Tai’an City, Shandong Province: Spring Ushers in a New Journey, Exploring “Daguan Garden”

JINAN, China, April 16, 2025 /PRNewswire/ — A report from Qilu Yidian: As spring’s warm sunlight blankets the earth, Daguanzhuang Village in Xujialou Subdistrict, Taishan District, radiates vibrant energy. Intangible cultural heritage inheritance, pastoral picking, cultural experiences, and innovative economy interweave here into a moving symphony of rural revitalization. In Daguanzhuang, the distinctive development model of “civilization practice + agricultural-tourism integration” is showcasing unique charm, attracting more and more urban visitors to experience an idyllic life that “leaves the hustle but stays close to the city.”

Cultural Practices Nourish the Homeland, Vitalizing Cultural Spaces

In the Dandelion Cinema on the first floor of Daguanzhuang Village’s New Era Civilization Practice Station, villagers are watching the documentary Beautiful Countryside, My Home, which records the village’s development and changes. Seeing familiar faces and scenes of the old village and new buildings on screen, they can’t help but start discussing. In the historical and cultural exhibition room, weathered farm tools and yellowed photos tell the story of the village’s vicissitudes. In stark contrast, young people focus on reading in the study lounge, and laughter echoes in the digital cinema. Visitors can sense the village’s transformation in the “perception zone” while enjoying tranquility away from the hustle and bustle; in the “creation zone,” they can learn calligraphy and painting in the art studio, turning nostalgic feelings into landscapes and flowers on paper to experience cultural charm; in the “display zone,” they can learn about the village’s rich cultural activities and leave their impressions after the visit.

Urban Farm Awakens Nostalgia, Colorful Fields Draw Visitors

Stepping into the Colorful Fields Orchard in Daguanzhuang Village’s rural revitalization park, the sweet scent of strawberries mingles with the fragrance of soil. In the picking greenhouses of this urban farm, tourists bend to pick strawberries, savoring the joy of farming. The most eye-catching feature is the newly painted Nezha-themed murals on the exterior walls of the greenhouses. Lifelike anime images of Nezha, Ao Bing, Taiyi Zhenren, and the Dragon King have turned these “internet-famous walls” into new landmark photo spots. Members of a motorcycle club recently visited the renovated orchard, taking pictures in front of the murals to embrace the spring surprise. The “internet-famous walls” are now mostly complete, attracting many tourists—especially children—to 打卡 (visit and take photos).

Intangible Cultural Heritage Workshop Fills the Air with Wheat Aroma: Small Pancakes “Cook Up” a Big Industry

It is reported that Daguanzhuang pancakes are a municipal-level intangible cultural heritage. The pancake production base includes an intangible cultural heritage display area, processing workshop, experience and creation zone, and e-commerce live-streaming area. In the display area, visitors can learn about the history of Daguanzhuang pancakes; in the processing workshop, they can observe every step from raw materials to finished products and learn production techniques; in the experience and creation zone, they can make their own flavored pancakes on-site using the skills they’ve learned, even turning pancakes into artistic works to enjoy hands-on fun. Today, in Daguanzhuang Village, the humble pancake has grown into a characteristic industry integrating production, processing, sales, and cultural transmission. Elders and women in the village can find suitable jobs in the cooperative, achieving employment just steps from their homes.

(Note: “打卡” is translated as “visit and take photos” to convey the modern social media context of checking in at popular spots.)

Comac Medical Announces New Leadership Appointments and International Expansion

Leadership transition and strategic growth initiatives mark the next phase of Comac Medical’s development under EdgeCap Partners.

SOFIA, Bulgaria, April 28, 2025 /PRNewswire/ — Comac Medical, a leading full-service Contract Research Organization (CRO) in Central and Eastern Europe, announced today the appointment of a new CEO and Board Chair and the launch of an international expansion initiative.

Leadership Appointments

Dr. Chris Smyth has been appointed as Chief Executive Officer, effective 1st September. Based in the UK, Dr. Smyth brings over two decades of executive leadership in global CROs and biotech-focused clinical research. Most recently, he served as President of ICON Biotech, and prior to that, held multiple senior roles at IQVIA Biotech including President and COO.

Comac Medical has also established a new Supervisory Board, chaired by Neil Ferguson. Mr. Ferguson is an experienced global commercial leader with over 35 years in the healthcare and pharmaceutical industries, with over 25 years in the outsourced services sector, including Syneos Health and Quintiles, where he held senior roles driving significant revenue growth and operational scale. Mr. Ferguson will lead the Supervisory Board consisting of Comac Medical’s founder and Honorary Chairman Dr. Milen Vrabevski and EdgeCap representatives Dr. Günter Schmid, Christopher Backes and Kristjan Piilmann.

Today’s appointments mark a significant milestone for Comac Medical as it enters its next phase of development, building upon the recent additions of two seasoned industry leaders based in Germany, Christian Buhlmann as Chief Commercial Officer and Peter Windisch as Chief Operations Officer.

International Expansion

Comac Medical has established local entities and teams in the United States, Germany, and the United Kingdom to supplement the strong presence Comac Medical already has in Central and Eastern Europe. Dedicated business development teams have been launched in those countries, including on the East and West Coasts of the US, to support biotech and pharma clients in key innovation hubs.

In parallel to its organic expansion, Comac Medical will continue its targeted M&A strategy with the goal of becoming the leading pan-European full-service CRO for biotech and biopharma customers.

Leadership Commentary

“I am thrilled to join Comac Medical at this exciting time of transformation and growth,” said Dr. Chris Smyth, incoming CEO. “We are building on a strong legacy, expanding our regional footprint, and staying focused on delivering exceptional value to our clients and providing opportunities for our teams.”

“It is an honor to support this leadership team and work with EdgeCap and Comac Medical on this next phase,” said Neil Ferguson, Chairman of the Supervisory Board. “We look forward to creating long-term value for our stakeholders and accelerating growth across key markets.”

“As founder of Comac Medical, I am immensely proud to see our organization — a champion of clinical research in Bulgaria and the CEE region — embark on a new chapter of international expansion,” said Dr. Milen Vrabevski, Honorary Chairman of the Supervisory Board. “This evolution reflects the strength of our foundation and the global relevance of our mission.”

“I would like to thank our co-CEOs, Dr. Rossitsa Vrabevska and Vladimir Goranov, for leading the company through a successful founder transition period. A warm welcome also to the incoming leadership team which will undoubtedly add significant momentum to our growth ambitions,” said Christopher Backes, Co-Founder of EdgeCap Partners.

About Comac Medical

Comac Medical, established in 1997 in Sofia, Bulgaria, is one of the largest full-service clinical research organizations (CRO) in Central and Eastern Europe, present in more than 30 countries, providing a comprehensive range of early to late-phase drug development services to the global pharmaceutical and biotech industries across a variety of therapeutic areas including oncology, rare diseases, dermatology, gastroenterology, and respiratory diseases.

The Company has a global customer base consisting of emerging biotech and established pharma companies, offering full outsourced clinical trial support across the entire clinical development spectrum. Comac Medical’s FDA and EMA-inspected Clinical Research Unit (CRU) for Phase I, Bioavailability and Bioequivalence studies has 20 years of experience in early phase clinical research. The facility is the largest in the region and comprises 42 beds, an on-site pharmacy as well as a clinical and bioanalytical laboratory.
Visit our company website.

About EdgeCap Partners

EdgeCap is a London- and Tallinn-based mid-market private equity and growth capital firm targeting investments in high-quality companies in Europe. We partner with ambitious founders and management teams to develop strong local businesses into pan-European and global champions. EdgeCap was founded in 2021 by Kristjan Piilmann and Chris Backes, who have 20+ years of combined private equity and investment banking experience at bulge bracket firms including PSG Equity LLP, Morgan Stanley, Citi and Goldman Sachs.

WSPN Launches Revolutionary Bank API Integration, Enabling WUSD Minting in Under 5 Minutes

SINGAPORE, April 28, 2025 /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN) is pleased to announce a groundbreaking enhancement to its stablecoin infrastructure with the launch of a new bank API integration that enables users to mint WUSD in under 5 minutes, 24 hours a day, 7 days a week.

This technological advancement represents a significant milestone in the stablecoin industry, effectively eliminating the traditional waiting periods associated with fiat-to-crypto conversions and providing users with unprecedented access to digital assets regardless of banking hours or geographic location.

“Our mission has always been to break down barriers in the financial ecosystem,” said Raymond Yuan, Founder & CEO of WSPN. “This new integration revolutionizes the speed and efficiency with which users can access stablecoins. Minting WUSD in under 5 minutes, regardless of the time or day, creates unprecedented opportunities for both individual and institutional users in the digital asset space.”

Key Features of the Enhanced WSPN Portal:

  • Automated Fiat Deposits: Streamlined process for transferring USD from bank accounts to the WSPN platform
  • 5-Minute Minting Process: Complete end-to-end conversion from USD to WUSD in under 5 minutes
  • 24/7 Availability: Continuous service regardless of traditional banking hours
  • Multi-Bank Support: Integration with Green Link Digital Bank, FV Bank, and Banking Circle
  • Cross-Chain Compatibility: Easy withdrawal of newly minted WUSD to Ethereum or Polygon networks

The enhanced system operates through a simple three-step process: users deposit USD from their bank, mint WUSD from their USD balance, and can then withdraw WUSD to their preferred blockchain wallet. Each step has been optimized for speed and security, with the entire process taking less than 5 minutes from start to finish.

This development comes at a time when demand for efficient fiat-to-crypto on-ramps continues to grow, particularly for stablecoins that serve as a bridge between traditional finance and decentralized applications. By removing time constraints and simplifying the minting process, WSPN is positioning WUSD as a leading solution for users who require immediate access to digital assets.

About WSPN

WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN’s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.

Learn more: www.wspn.ioX | LinkedIn

ICANN DNS Forum in Hanoi: Leaders Convene to Shape the Multilingual Internet

Fourth Asia Pacific DNS Forum runs from 8 to 9 May 2025

HANOI, Vietnam, April 28, 2025 /PRNewswire/ — The Internet Corporation for Assigned Names and Numbers (ICANN) will hold the fourth Domain Name System (DNS) Forum in the Asia Pacific (APAC) region at the InterContinental Hanoi Landmark 72 in Hanoi, Viet Nam, from 8 to 9 May 2025. ICANN is an international, nonprofit organization that coordinates the DNS and plays a key role in ensuring a global, interoperable, and secure Internet. Viet Nam Internet Network Information Center (VNNIC), the national Internet registry in Viet Nam, is the local host.

The APAC DNS Forum 2025 in Hanoi will bring together regional and international experts to discuss paths toward a more multilingual Internet. An important area of focus will be how language and script diversity can help achieve this. Enabling the use of additional scripts and languages in the DNS is essential in making the Internet more available to hundreds of millions of users around the world.

Highlights of the event include the opening plenary where panelists will discuss the future of the Internet and the domain name space, and the current and future initiatives to bring the next billion Internet users online. Another key session will explore the 20-year review of the World Summit on the Information Society outcomes (WSIS+20) and its potential implications for the APAC region.

ICANN Board Chair Tripti Sinha, ICANN President and CEO Kurtis Lindqvist, and several ICANN Board members, along with representatives from VNNIC, business and technical industries, and civil society will attend the APAC DNS Forum 2025 in Hanoi.

“This is the fourth year that we’re hosting the DNS Forum for our APAC community and we are excited to be in Hanoi, known for its rich history and vibrant culture,” said Samiran Gupta, Vice President and Managing Director of ICANN APAC. “We look forward to hearing the voices from the region on key topics concerning the future of the Internet.”

“VNNIC is very honored to be selected as the local host of APAC DNS Forum, a major event for experts and communities working in the domain name industry in the Asia Pacific region,” said Nguyen Hong Thang, Director General, VNNIC. “We hope that the community will have a great time meeting in Hanoi and discussing the safe, secure, and reliable development of domain names, the DNS, and the role of ccTLDs in promoting the development of the Internet for everyone with the key message ‘Internet for all’.”

ICANN, along with regional stakeholders, has held DNS Forums in Africa, Eastern Europe and Central Asia, Latin America and the Caribbean, and the Middle East, all with the same goal – for ICANN and the global DNS community to gather and collaborate, network, and exchange ideas about the domain name industry and the future of the Internet.

For the first time, the APAC DNS Forum 2025 is co-located with the 2025 Contracted Parties (CP) Summit and Universal Acceptance (UA) Day 2025. The CP Summit will be held 5 to 7 May while UA Day will be held as part of the Forum, on 8 May. A networking session on the evening of 7 May will start the Forum.

One-time registration will provide access to all sessions, including the APAC DNS Forum, CP Summit, and UA Day. To register for in-person or virtual participation for the events, please visit this link.

About ICANN

ICANN’s mission is to help ensure a stable, secure, and unified global Internet. To reach another person on the Internet, you need to type an address – a name or a number – into your computer or other device. That address must be unique so computers know where to find each other. ICANN helps coordinate and support these unique identifiers across the world. ICANN was formed in 1998 as a nonprofit public benefit corporation with a community of participants from all over the world.

SMU wins prestigious THE Awards Asia 2025 – Teaching & Learning Strategy of the Year

SINGAPORE, April 28, 2025 /PRNewswire/ — Singapore Management University (SMU) is proud to announce that it has been named Winner in the ‘Teaching and Learning Strategy of the Year’ category at the prestigious Times Higher Education (THE) Awards Asia 2025. The accolade was awarded in recognition of SMU-X, the University’s flagship industry project-based experiential learning framework that integrates academic knowledge with real-world industry projects.

SMU wins Times Higher Education Awards Asia 2025 (photo credit - THE)
SMU wins Times Higher Education Awards Asia 2025 (photo credit – THE)

Held annually, the THE Awards Asia celebrate innovation and excellence across higher education institutions in Asia. Often dubbed the ‘Oscars of higher education’, the awards recognise outstanding leadership, impactful initiatives, and transformative educational practices across the region.

The accolade marks a significant milestone for SMU-X, pioneered 10 years ago as a differentiating pedagogy, underscoring the University’s longstanding commitment to redefining learning through interdisciplinary, collaborative, and experiential approaches.

SMU Provost, Professor Alan Chan, said, “We are deeply honoured to receive this recognition from THE Awards Asia, which is particularly meaningful this year as the University celebrates its 25th anniversary. SMU-X has evolved over the past decade into a distinctive hallmark of our undergraduate and postgraduate education; it exemplifies our belief that learning should not only be rigorous but also relevant, connected, and transformative.”

“As we look ahead to the next chapter of SMU-X, we will continue to innovate and scale its impact. We aim to further integrate technology, expand global project opportunities, and deepen partnerships that deliver meaningful and impactful multi-disciplinary solutions. This prestigious award is both a celebration and a call to action,” he added.

In the citation, THE Award Asia judges noted that situating learning in the real world is an effective way to prepare students for success beyond university, and lauded SMU for having overcome the challenging practicalities of extending teaching outside the classroom. “SMU fosters a sustainable ecosystem of learning and collaboration that strengthens university-industry synergy and drives continuous pedagogical improvement,” noted the judging panel.

SMU-X – an innovative pedagogy that has gained global recognition

Launched in 2015, SMU-X was designed to bridge the gap between classroom theory and industry practice. The framework, which spans undergraduate, postgraduate, and continuing education programmes, integrates academic coursework with experiential learning, enabling students to apply knowledge in practical settings. Students work in teams alongside industry professionals from corporations, non-profit organisations, government agencies and community partners to develop insights and recommendations, to tackle specific challenges that reflect evolving industry needs. Meanwhile, faculty members serve as academic mentors, guiding students through research, analysis, and solution development while embedding academic rigour into every project.

By allowing students to work with peers across different disciplines, SMU encourages collaboration and cultivates the teamwork and communication skills inherent to interdisciplinarity. By exposing students to diverse sectors, perspectives and real-world challenges, SMU also prepares them to be effective global citizens beyond Singapore and the region.

From a pilot of 58 students in two courses in 2015, SMU-X has grown to 40,000 enrolments in 170 courses a decade later. SMU-X has facilitated over 6,600 projects with more than 1,200 partners. In the current Academic Year 2024-2025, 78 SMU-X modules are being offered, with about 5,000 students partnering with organisations across all sectors, in Singapore and overseas. 

In addition to its local success, SMU-X has inspired global interest and institutional collaborations. The experiential learning model has been featured in global higher education forums as a best-practice case study in applied learning, and won multiple accolades on the global stage. These include the Green Gown Award 2024 – Next Generational Learning and Skills’ category; and the 2024 QS Reimagine Education Awards – Gold award and Innovation in Business Education Award

– End –

About Singapore Management University

Established in 2000, Singapore Management University (SMU) is recognised for its disciplinary and multi-disciplinary research that address issues of global relevance, impacting business, government, and society. Its distinctive education incorporating innovative experiential learning, aims to nurture global citizens, entrepreneurs and change agents. Home to over 13,000 students, SMU offers a wide range of bachelor’s, master’s and PhD degree programmes in the disciplinary areas of Accountancy, Business, Economics, Computing, Law and Social Sciences, as well as in multi-disciplinary combinations of these areas. It also offers a growing number of executive development and continuing education programmes. Through its city campus, SMU focuses on making meaningful impact on Singapore and beyond through its partnerships with industry, policy makers and academic institutions. www.smu.edu.sg

Aice Strengthens Regional Leadership and Accelerates International Expansion

HONG KONG SAR – Media OutReach Newswire – 28 April 2025 – In early 2025, Aice, a leading ice cream brand in Southeast Asia, attracted significant attention from global investors following a new round of investment from major shareholders, including China Mengniu Dairy Group – its controlling shareholder. This capital injection is widely viewed as providing both financial and strategic support for Aice’s rapid expansion across Southeast Asia and other new international markets.

Strategic Market Positioning: From Indonesian Launch to Regional Leadership

Since its overseas launch in 2015, Aice has rapidly established itself as a pioneer in Southeast Asia’s ice cream industry. With annual revenues exceeding RMB3 billion, Aice now holds the leading market share in Indonesia, ranks second in the Philippines, and continues to strengthen its position in Vietnam.

Aice’s success is rooted in its precise regional market strategy. Following extensive market research, Aice identified Indonesia as its initial overseas market, targeting local demand for affordable, high-quality products. To address cross-border logistics challenges and offer its products at competitive prices, Aice established three local factories to ensure it can flexibly and rapidly adapt to local market preferences, optimize costs, and build a robust local distribution network.

Within just three years of entering Indonesia, Aice’s annual sales soared from RMB20 million to RMB1.2 billion. The Company has since expanded successfully into the Philippines, Vietnam, Thailand, Laos, Cambodia, and Timor-Leste, making it one of Southeast Asia’s fastest-growing companies and a benchmark for Chinese F&B brands going global. In 2024, its factory in the Philippines officially began operations, further enhancing its regional manufacturing footprint and enabling broader distribution across Southeast Asian and beyond.

Innovating Products, Channels, and Marketing: Building Differentiated Competitive Advantages

Aice has established strong competitive barriers and captured consumer mindshare through innovation in product development, distribution channels, and marketing.

Guided by its philosophy of delivering “healthy, innovative, quality products with value,” Aice conducts in-depth research into consumer habits and local dietary preferences, driving continuous innovation in product formats and flavours. Each year, it has launched multiple best-selling products, generating sales of over RMB100 million. Upon initial launch in Indonesia, Aice strategically focused on small and medium-sized retailers, providing free ice cabinets to communities in more than 100 cities. This approach secured extensive retail coverage of its products, activated previously untapped market demand, and differentiating Aice from international competitors, resulting in rapid market share gains. Through storefront branding and sponsorships of major sporting events, Aice consistently increased brand awareness and visibility throughout the region.

Capital-Driven Acceleration for Global Expansion

Following this round of financing, Aice plans to deepen its presence in existing Southeast Asian markets, further strengthening its supply chain and brand competitiveness, while actively expanding into new international markets.

As a key pillar of Mengniu’s “One Core, Two Wings” strategy, Aice has served as Mengniu’s strategic bridgehead in Southeast Asia, achieving significant milestones. This investment from Mengniu underscores its strong confidence in Aice’s in international growth potential and reflects its commitment to supporting it with additional resources and capital.

According to industry sources, while maintaining robust organic growth, Aice recently engaged with global investors to diversify its funding channels and accelerate its international expansion. Backed by a proven overseas track record and new capital, Aice is poised for a new phase of accelerated growth, leveraging Southeast Asia as a strategic steppingstone to broader international opportunities.Hashtag: #Aice

The issuer is solely responsible for the content of this announcement.

Sinch Named a Leader in the 2025 Omdia Universe CPaaS Report

STOCKHOLM, April 28, 2025 /PRNewswire/ — Sinch (Sinch AB (publ)) (XSTO: SINCH), which is pioneering the way the world communicates through its Digital Customer Communications Cloud, has once again been named a Leader in the newly released Omdia Universe: CPaaS Platform Providers 2025 report.

This recognition underscores Sinch’s continued leadership as a global innovator in orchestrating intelligent, AI-powered customer interactions and conversational experiences. With strategic investments in advanced conversational AI, RCS messaging, and secure, trusted communications backed by robust fraud prevention, Sinch delivers unmatched performance, local regulatory expertise, and customer-centric support across 60+ countries. Sinch’s sustained excellence in strategy, market momentum, and execution empowers enterprises worldwide to orchestrate seamless, personalized digital experiences at scale.

Sinch’s leadership in RCS and AI-enabled conversational messaging was a standout in this year’s report, reflecting the company’s long-standing commitment to innovating the next generation of customer engagement. As more enterprises turn to mobile-first interactions, Sinch continues to lead the way in helping businesses deliver real-time, two-way conversations that keep customers engaged, informed, safe, and happy.

With a robust API-first architecture and unmatched global reach, Sinch orchestrates 900 billion interactions annually across messaging, voice, email, and conversational channels. 175,000 businesses around the world trust Sinch’s enterprise-grade infrastructure, intelligent orchestration, and conversational capabilities backed by AI to seamlessly connect and reliably automate personalized experiences at scale.

“We’re proud of being recognized by Omdia for our continued progress toward a leadership position in RCS and AI-enabled customer communications, “said Laurinda Pang, CEO of Sinch. “This recognition reinforces our commitment to providing a secure, trusted platform that helps enterprises confidently deliver personalized, automated conversations across every digital communications channel.”

Sinch stood out as a Leader in the CPaaS Universe, scoring well above average in 11 of the 12 evaluation categories, with its highest marks in innovation (95%), go-to-market strategy (91%), and non-functional requirements (91%).

As organizations future-proof their communications strategies, Sinch remains at the forefront of Digital Customer Communications innovation-advancing AI-powered solutions, expanding its conversational commerce capabilities, and delivering seamless, omnichannel experiences all across the globe.

For more information about Sinch and its industry-leading CPaaS solutions, visit www.sinch.com.

 For more information, please contact:

Janet Lennon, Director of Global PR & Communications
janet.lennon@sinch.com 

This information was brought to you by Cision http://news.cision.com

HTX Research Latest Report | Sonic: A Model for the New DeFi Paradigm

SINGAPORE, April 28, 2025 /PRNewswire/ — As Layer 2 scaling solutions remain a focal point of industry discourse, Sonic presents a fundamental shift in blockchain architecture. HTX Research has announced the release of its latest report, “Sonic: A Model for the New DeFi Paradigm” The report dives into the details of the Sonic public chain.

Sonic’s Evolution: 2000+ TPS, 0.7s Confirmation, Near-Zero Fees

The Fantom Opera blockchain, initially recognized for its speed and throughput as a high-performance aDAG-based Layer 1 solution, encountered scalability limitations as its ecosystem expanded. Its traditional EVM architecture struggled with bloated state storage, slow node synchronization, and execution bottlenecks. To overcome these challenges without resorting to sharding or Layer 2 solutions, Fantom developed Sonic — a fundamental redesign engineered to deliver a significant performance leap.

Sonic Labs, a new team led by CEO Michael Kong, CTO Andre Cronje (founder of Yearn Finance), and Chief Research Officer Bernhard Scholz, dedicated two and a half years to the redesign of Fantom’s virtual machine, storage, and consensus. They built Sonic, a new, independent EVM-compatible chain capable of processing over 2,000 TPS, achieving 0.7-second finality, and executing transactions at a cost of $0.0001. It also improves storage efficiency by 90% and reduces node synchronization time from weeks to under two days.

Technical Innovations Driving Sonic’s Performance

Sonic’s enhanced performance is underpinned by three core technological advancements: 

  • SonicVM: A newly developed virtual machine fully compatible with the EVM, SonicVM optimizes computationally intensive operations like SHA3 hashing, pre-analyzes jump instructions, delivers significantly faster execution, and supports high throughput.
  • SonicDB: Achieving nearly 90% data compression, SonicDB uses a layered storage strategy that splits the blockchain state into two databases: LiveDB for the current global state and ArchiveDB for historical blocks and states. This reduces node requirements and enhances network resilience through greater decentralization.
  • Sonic Gateway: Functioning like an “L2-like” bridging solution to Ethereum, it uses a batch processing mechanism that strikes a balance between security and efficiency, enabling seamless two-way asset transfers and ecosystem access.

Stablecoin Ecosystem: Nested Yield and Resilient Growth

Defying market trends in 2025, Sonic’s on-chain Total Value Locked (TVL) surged by over 500%, with the total stablecoin supply surpassing $260 million. This growth is driven by sophisticated high-leverage yield mechanisms.

  • Silo v2 Loop Lending: Use staked S tokens to borrow stablecoins, achieving up to 20x exposure to capture combined incentives alongside stable yield spreads.
  • Euler + Rings Protocol Combo: Deposit USDC to mint scUSD, then use leverage to potentially achieve up to 10x yield, along with Sonic points and protocol rewards.
  • Shadow DEX Liquidity Provision for Rewards: By facilitating trading activity, particularly with the S/stS pair on Shadow, users can earn up to 169% APY and a share of trading fees.

Looking ahead, the ecosystem will incorporate Real World Asset (RWA) yields and off-chain payment solutions to create a sustainable and widely used stablecoin ecosystem backed by compliant assets and real-world applications.

Conclusion: Sonic – Leading the Charge in DeFi 2.0

Sonic’s high performance, nested yields, and accessibility position it for rapid growth, with the potential to exceed $2B TVL and a multi-billion $S token market cap within a year. More importantly, Sonic is championing an “efficiency revolution” in blockchain design—prioritizing performance and capital efficiency to attract liquidity.

The report identifies technical challenges, including the adaptive AMM’s reliance on external oracles, which introduces potential vulnerabilities. Furthermore, the inherent risks of high-leverage strategies in volatile markets necessitate the use of hedging instruments, such as short perpetual futures, to mitigate potential liquidations.

From a broader view, Sonic is well-positioned to lead the expected 2025 DeFi resurgence. Its thriving stablecoin ecosystem boosts the value of both the $S token and the network. Even in a bear market, Sonic demonstrates the potential for DeFi to establish resilient “yield havens” through innovation and performance. With its nested yields, developer-focused incentives, and efficient infrastructure, Sonic provides a model for the industry. The integration of RWAs and payment tools could place Sonic as a critical bridge between on-chain yields and real-world utility, driving DeFi toward mass adoption

For full report, please visit: https://square.htx.com/wp-content/uploads/2025/04/HTX-Research-Latest-Report-1-1.pdf

About HTX Research

HTX Research is the dedicated research arm of HTX Group, responsible for conducting in-depth analyses, producing comprehensive reports, and delivering expert evaluations across a broad spectrum of topics, including cryptocurrency, blockchain technology, and emerging market trends.