Sonic Labs announced a $10 million strategic sale of its S token to Galaxy at the Sonic Summit in Vienna.
The investment from Galaxy strengthens Sonic Labs's position in the U.S. market and supports its decentralized finance ecosystem development.
The partnership with Galaxy aims to accelerate Sonic Labs's market penetration in the U.S. and enhance its DeFi offerings in the region.
The investment is expected to have significant implications for the broader DeFi ecosystem and demonstrates growing institutional confidence in blockchain technology.