The latest update to the Sonic network and the strong market feeling can trigger a potential rally despite recent losses. Technical analysts express their short -term rise expectations, while Altcoin investors watched opportunities.

Update in Sonic network increased liquidity flow

After Sonic’s local Token S, after raising the last network, it can benefit from a large amount of liquidity flow to the chain. Spot and derivative investors take long positions and buy existence by taking advantage of the current market feeling. However, trade activities in the last 24 hours did not fully reflect these positive developments; Because token lost 7.22 percent during this time.

The market feeling continues to remain strong. This means that S’s 13.95 percent earnings can maintain the 13.95 percent earnings of the last week as the chain continues to flow more liquidity.

Altcoin investors came to life with the network update

In the last 24 hours, Sonic has announced a new Consensus protocol layer update called Soniccs 2.0. This update aims to improve the overall performance of the network.

Thanks to the update, the process verification rate was increased from 16 thousand transactions to 30 thousand transactions. In addition, memory use was reduced by 68 percent and hardware requirements for verifiers have been reduced. This enhances decentralization by making it possible to participate in the SONIC network of more verifiers.

This update also benefits various protocols such as decentralized trade and token transfers working on Sonic. Following the announcement of the update, the liquidity flow to the chain accelerated; The total locked value (TVL) between fixed coin balances and chains increased significantly.

The total fixed coin volume currently processed in the Sonic chain has reached 425.96 million. This amount increased by 28.41 million compared to the low level of the previous day.

Increased liquidity and Altcoin investor interest

Increasing the demand for fixed coin in a chain is often a signal of positive developments. Market participants contribute to this process by purchasing Sonic’s Local Token’s S, or depositing funds on protocols to win prizes.

Similarly, the total locked value (TVL), which measures inter -chains liquidity, shows that 1,445 billion liquidity flows from other chains to SONIC protocols. This reveals that market participants are eager to interact with the chain and have an expectation of ascension.

Apart from this mobility on the chain, both spot and derivative investors tend to rise.

Spot and derivative investors are waiting for rise

Both spot and derivative investors set their positions for a potential rise in the price of S.

Instantly, spot investors continue to receive S Token by updating their expectations. In the last 24 hours, investors purchased a total of 278 thousand S in total and closed the week with a purchase volume of 742 thousand.

In the derivative market, investors open long positions. Open interest -weighted funding rate (an indicator evaluating market trends according to open interest and funding rate) reached a positive level.

The current ratio was recorded as 0.0026, which shows that investors expect to rise rather than decline in the derivative market. If this rate continues to rise, a large market rally can take place for S