Sonic Labs teams up with licensed GSR to boost $S token liquidity and enrich DeFi ecosystem

The digital assets sector buzzes with optimism as Bitcoin explores fresh all-time highs above the sought-after $110K , trading at $111,201. While altcoins followed suit, Sonic Labs magnified enthusiasm among $S holders by declaring a strategic collaboration. The blockchain platform officially confirmed a strategic collaboration with a well-known crypto capital markets company, GSR. The alliance aims to foster growth within the Sonic DeFi ecosystem and enhance the S token’s utility. Sonic Labs @SonicLabs · Follow We’re pleased to welcome @GSR_io , a globally recognized trading firm, as an official market maker for $S .Beyond liquidity, GSR is backing builders and fueling DeFi growth across the Sonic ecosystem.🔗 blog.soniclabs.com/sonic-labs-and… 6:30 pm · 22 May 2025 386 Reply Copy link Read 45 replies Notably, GSR has been operating since 2013, offering institutional-grade liquidity solutions to the crypto markets. Its certificate from the FCA (UK Financial Conduct Authority) and the Monetary Authority of Singapore (MAS) will possibly add credibility to the growing Sonic ecosystem. The announcement stated: This partnership reinforces Sonic’s commitment to building a deep, liquid, and dynamic digital asset ecosystem supported by trusted and long-term partners. Enriching Sonic’s DeFi network GSR will handle various roles within the Sonic networks. First and foremost, the market makers will deploy liquidity across different sectors of the project’s DeFi ecosystem. The market maker will support early-stage projects with technical backing and guidance. It will also help teams launch tokens seamlessly. Such perks align with Sonic’s objective of becoming a community-driven and fully decentralized financial house. Sonic Labs CEO Michael Kong commented on the collaboration, stating: In today’s market, we look for more than just liquidity providers. We seek partners who are embedded in the network, contribute to DeFi, engage with projects directly, support global community events, and keep open, proactive communication. GSR exemplifies this standard. GSR’s Head of US Business Development, Alex Taaffe, emphasized the firm’s commitment to supporting digital projects with liquidity, guiding teams to launch tokens, and encouraging steady on-chain activity to ensure long-term growth. Furthermore, Taaffe praised Sonic’s infrastructure, community-driven approach, and speed. Sonic has witnessed massive success and traction since rebranding from Fantom late last year. It has attracted $1.3 billion in investor funds since January , outshining all blockchains in 2025 net flows. $S’s current price action The alt hovers at $0.5290 after gaining more than 5% in the past day. The surging 24-hour trading volume highlights renewed interest in S. Chart by CoinMarketCap The prevailing crypto market sentiments support Sonic’s bullish trajectory. The digital assets sector displays momentum as Bitcoin holds above $111K. S bulls will pursue the resistance zone at $0.60 and clear the path toward $0.9 – a 70% increase from current prices. However, breaching the $0.40 – $0.50 zone to the downside will invalidate the anticipated surge. Broad market price movements will be crucial for S’s short-term trajectory. A BTC candlestick closing above $110K might propel the largest crypto toward $120K, possibly triggering a full-blown altcoin season. The post Sonic Labs teams up with licensed GSR to boost $S token liquidity and enrich DeFi ecosystem appeared first on Invezz

Source: Invezz