Binance Wallet Backs Sonic Chain With Airdrop for Traders

• Binance Wallet will support Sonic Chain and reward active Alpha traders with exclusive S tokens and ecosystem assets.
• Sonic enables token purchases in 170+ countries and shifts stablecoin plans to align with UAE’s CBDC direction.

Binance Wallet has announced that it is now officially supporting Sonic Chain, a new blockchain network that is actually still young but has immediately caught the attention. Through this announcement, Binance said that there will be an exclusive “S” token airdrop and also the distribution of Sonic ecosystem assets for active Binance Alpha traders—especially those using Sonic Chain.

That was fast. https://t.co/oSCbpQ2HLH

— Sonic Labs (@SonicLabs) May 1, 2025

Although there are no complete details yet, this announcement is enough to ignite the community’s enthusiasm. Just imagine if you have been diligently using this network, you could be one of those who will get free tokens.

Sonic Chain recently recorded a Total Value Locked (TVL) of $1 billion in just 66 days since its launch. Compare that to SUI and APT which took much longer to reach that number—505 and 709 days, respectively. This is not just about speed, but also about how the community and users are really active from the start.

Sonic Builds Big: More Users, More Access, More Momentum

Furthermore, Sonic Labs also seems to not want to just exist in one place. At the end of February 2025, they launched the Mobius Mainnet, a special path in the Solana ecosystem to support dApps. During the testnet period, more than 8 million users were involved. That’s not a small number, and shows that Sonic is serious about scalability and flexibility.

Then in early March, as we previously reported, they also started partnering with Alchemy Pay. S Tokens can now be purchased directly using local currencies—and this applies to more than 170 countries.

Not only via debit cards, but also digital wallets and bank transfers. Imagine, someone in Brazil, Japan, or Belgium can buy this token the same way they shop online. A style that makes Sonic look more ready for global reach.

Rethinking Stablecoins After the TerraUSD Collapse

However, not all initial plans were carried out. Sonic Labs had planned to release a dollar-based algorithmic stablecoin, but they eventually canceled it. The reason is quite clear—risk. Especially after the failure of TerraUSD in 2022, new projects have become more cautious.

Finally, they turned to the UAE dirham-based stablecoin, especially considering that the UAE also plans to release its own dirham CBDC in late 2025.

On the other hand, Binance itself has started to open various new features in their wallet. Now, Binance Wallet users can directly trade using exchange balances on several major networks such as Ethereum, Solana, Base, and BNB Chain.

But of course, there are conditions: users must have done KYC and use a non-custodial wallet. Purchased tokens will be sent directly to the user’s own wallet address—not stored by Binance.