Sonic (S) — price, market cap and strength versus Bitcoin
Bottom line
Sonic trades at $0.0414 with a market capitalisation of $101.6M (rank 267). Over 90 days it is +46.2% against Bitcoin and has no 200-day average on file. Layer 1 as a theme is -0.8% against Bitcoin over 13 weeks. Price readings run through 2026-09-25.
Price
$0.0414
as of 2026-09-25
Market cap
$101.6M
snapshot 2026-07-04
RS vs Bitcoin · 90d
+46%
as of 2026-09-25
30-day median volume
$1.0M
as of 2026-09-25
01 · the tape, against its benchmark
How has Sonic moved against Bitcoin?
Sonic's one-year return is withheld because the series is incomplete. Annualised 30-day volatility is 120%. Its deepest fall from a high inside the last 90 days is 22%.
S · rebasedBitcoinLayer 1 · equal weight
All three lines rebased to 100 at the first week each has data. Bitcoin is the opportunity-cost benchmark for crypto risk; the theme line is its equal-weight index of current rated members.
02 · returns, volatility and drawdown
What do Sonic's returns and risk look like?
7 days+28%
30 days+29%
90 days+86%
180 days—
1 year—
30-day volatility120% annualised
Deepest 90-day fall22%
200-day average—
50-day average$0.0284
03 · what the protocol actually earns
Does Sonic generate fees or revenue?
Sonic publishes 2 of the six network-economics series this site tracks: network fees, protocol revenue. Network fees over the last four complete quarters is $416K. Network activity is evidence about the protocol, not earnings owed to the token. Readings run to the Q2 2026 quarter.
Network fees6/20 quarters
TTM$416.0K—
Protocol revenue3/20 quarters
TTM——
Network fees
Protocol revenue
Complete calendar quarters only. A blank quarter is unavailable, not zero. Network activity is evidence about the protocol, not earnings owed to the token.
04 · exact additive research priority
What does the evidence say about Sonic?
Sonic scores 61.3 out of 100 inside Layer 1, ranked 12 of 64 rated coins on 53% evidence. The four displayed point contributions add exactly to the total; missing evidence pulls only the affected factor toward neutral and lowers its stated coverage. It ranks research attention within one theme, never portfolio action, and it is not comparable across themes.
Sonic · S
61.3/100 · Illiquid · research only · 53% evidence · rank 12 of 64 rated Layer 1 coins
Exact sum: 28.3 + 15.0 + 13.5 + 4.5 = 61.3
Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority.
28.3/35Market leadership
RS-BTC 46.2 pp · RS-sector 10 pp · 200-DMA —
80% evidence
15.0/30Network & economic traction
Fees — · revenue — · users —
0% evidence
13.5/20Value capture
Fee yield 0.41% · revenue yield —
50% evidence
4.5/15Liquidity & downside risk
30d median volume $1,006,516 · vol 120%
100% evidence
This weakens if: The read weakens if 90-day RS versus BTC falls below zero with two weekly closes below the 200-DMA, or native activity contracts for two complete calendar quarters.
No valuation section exists on this page, for any coin. There is no company-style P/E or PEG for a token, and historical market capitalisation is not held at all — only a dated current snapshot — so no ten-year valuation band can be built honestly. Where a protocol publishes fees or revenue, the yield against that dated snapshot is shown above instead.
05 · the theme it competes in
How does Sonic compare with other Layer 1 coins?
Sonic is one of 78 Layer 1 coins here, 64 of which carry enough evidence to be rated and ranked. Sonic ranks 12 of those 64 on 53% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked.
The Layer 1 scorecard in its own order, with this coin marked. Scores are within-theme and are not comparable with coins in another theme. See the full Layer 1 page.
Methodology · boundaries make the answer useful
What can make this page misleading?
This page names 5 ways its own evidence about Sonic can mislead, all listed below. The largest is that crypto network activity is not company earnings: protocol revenue does not automatically accrue to token holders. Price runs through 2026-09-25; market capitalisation is a separate snapshot dated 2026-07-04.
Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag.
No valuation band exists for any coin: historical market capitalisation is not held at all.
Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred.
The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal.
Price and technicalsThrough 2026-09-25, from exchange closes; moving averages are computed, never scraped.
Protocol activityThrough 2026-09-25, for the series this token publishes.
Market capSnapshot dated 2026-07-04; no historical supply series is implied.
Decision useResearch priority within one theme. Not entry, exit, sizing or leverage instructions.
Questions the page should answer directly
Crypto analysis FAQs
These 7 answers cover the questions this page can settle from data it holds — what the category is, how the score is built, what the coverage gaps are, and what would change the read. Every answer below is also present in the page’s FAQ schema and in its plain-text rendition. None of them is a recommendation.
What is Sonic (S)?
Sonic is a Layer 1 cryptocurrency tracked here by price, market capitalisation and strength against Bitcoin, with on-chain activity from protocol. It is one of 78 Layer 1 coins on this site. Readings are as of 2026-09-25.
What is the market cap of Sonic?
Sonic's market capitalisation is $101.6M, ranking it 267 in the top-1,000 crypto universe. That figure is a dated snapshot from 2026-07-04, refreshed separately from the daily price series, so it can lag the price shown above.
Is Sonic beating Bitcoin?
Sonic is +46.2% against Bitcoin over 90 days, and its own theme, Layer 1, is -0.8% over 13 weeks. It trades with no 200-day average available as of 2026-09-25.
Does Sonic have a P/E ratio?
No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead.
What is Sonic's research score?
61.3/100 within Layer 1, ranked 12 of 64 rated Layer 1 coins, on 53% evidence: 28.3 + 15.0 + 13.5 + 4.5 = 61.3. It is labelled “Illiquid · research only”. The score ranks research attention inside one theme, never portfolio action.
How much Sonic history does this page show?
Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics Sonic actually publishes. Here that is network fees, protocol revenue.
Does Sonic generate network fees?
Sonic's trailing twelve-month network fees is $416K. Network activity is not token-holder earnings: whether it accrues to the token depends on the protocol's own burn, buyback and distribution rules.