Labs

Sonic Labs has picked crypto capital markets firm GSR as the official market maker partner for Sonic blockchain’s native token.

GSR will help Sonic (S) token gain market traction by delivering deep liquidity and strategic guidance, the Sonic Labs team said in an announcement.

As well as becoming the official market maker partner, GSR, a trading firm founded in 2013 and regulated by the Monetary Authority of Singapore and the United Kingdom’s Financial Conduct Authority, will offer full-stack support for S.

The partnership targets the broader decentralized finance, with GSR set to offer support to early-stage projects building within Sonic’s DeFi ecosystem. Sonic Labs says GSR’s emphasis on transparency is key to this collaboration.

“In today’s market, we look for more than just liquidity providers,” said Michael Kong, chief executive officer of Sonic Labs. “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.”

Sonic Labs launched the mainnet of Sonic in December 2024, with the S token and transition from Fantom’s FTM token happening at a 1:1 swap in early 2025. The layer-1 blockchain offers Ethereum Virtual Machine compatibility, verifiable 10,000 transactions per second and sub-second finality.

Meanwhile, GSR’s footprint in the digital asset market includes over-the-counter trading, derivatives and market making. The firm is also a multi-stage investor. Its latest portfolio investments include Sei, The Open Network and Ethena, the synthetic dollar protocol on Ethereum.

In a comment on the partnership with Sonic Labs, GSR head of U.S. business development Alex Taaffe said:

“At GSR, our role goes beyond trading, we’re here to help teams scale and build what’s next. We support innovative protocols with liquidity, helping founders get tokens market-ready, and encourage sustainable on-chain activity to drive long-term growth. Sonic’s speed, infrastructure, and community-first approach stand out in a meaningful way.”

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Sei Labs, the main contributor to the layer 1 blockchain Sei, has announced the release of the Sei Giga whitepaper that outlines the design of the industry’s first multi-proposer Ethereum Virtual Machine layer 1 blockchain.

Sei Giga is Sei (SEI) blockchain network’s new path towards becoming the first multi-proposer Ethereum Virtual Machine L1.

According to an announcement shared with crypto.news, the upgrade proposes a design of parallel blocks, powered by the Autobahn consensus protocol. It means Sei Giga brings a solution to network bottlenecks related to data availability, execution, and storage, among others.

The whitepaper release is the latest major development for Sei as the layer 1 blockchain continues its traction as one of the fastest-growing ecosystems in the market.

Sei has secured over $30 million from some of the leading venture capital firms in the crypto space, including Jump Crypto, Multicoin Capital, and Coinbase Ventures.

“Sei Giga is not just another EVM chain — it’s a reimagining of what’s possible for blockchain performance,” said Jay Jog, co-founder of Sei Labs. “By moving towards multi proposer consensus and rebuilding the execution environment from the ground up, we’re unlocking the scale and speed required for real-world, high-throughput applications — all while maintaining trust guarantees and ease of use of Ethereum.”

Analytics firm Nansen recently pointed out that Sei outpaced other chains as a gaming explosion helped active addresses rise. In the past 24 hours, the active address count has jumped 44%, with over 457k addresses. Daily transactions have also increased by 43% to over 1.03 million.

Sei Giga features include 5 gigagas throughput, 200k transactions per second, and sub-400 millisecond finality. Sei Giga introduces more than 50x throughput, 70x faster block production, and an execution efficiency of 40x.

EVM compatibility means support for Ethereum smart contracts, enabling seamless integration with ETH apps. Decentralized exchanges and trading apps can leverage the upgrade to bolster their user experience.

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Sonic Labs announces GSR as the official market maker for S

Sei Labs releases whitepaper for Sei Giga targeting multiproposer EVM L1