S-GBP price

The S token is the native utility and governance token of the Sonic blockchain, a high-performance EVM-compatible Layer-1 network designed for DeFi and Web3 applications. It powers the ecosystem by enabling users to pay transaction fees (gas), stake for network security and earn rewards via a proof-of-stake consensus model, participate in governance decisions, and benefit from fee monetization programs where developers can earn up to 90% of app-generated fees. Sonic supports over 400,000 transactions per second (TPS) with sub-second finality, seamless Ethereum bridging via the Sonic Gateway, and an airdrop program with burn mechanisms to control supply inflation.

Right now, 1 S is worth £.

Right now, 1 pound sterling is equal to S.

Launched in December 2024, Sonic is a high-performance EVM sidechain of Ethereum, delivering 400,000 TPS and sub-second finality for seamless DeFi, gaming, and Web3 applications, with low fees, developer incentives via fee monetization, and native Ethereum liquidity bridging.

To stake on Sonic, go on soniclabs.com/stake, login by connecting a wallet on which you have S tokens, choose a validator from the list, then follow instructions to delegate your S tokens to that validator.

Only 1 S token is required to participate in staking on Sonic.

The price of S refers to a global price that is calculated by making a volume-weighted average of its real-time price on many different exchange platforms where it is traded, such as Binance, Bybit, OKX, Coinbase, Kraken, etc.

You never store S tokens in itself in itself. Instead, you store the private key giving you access and control over a Sonic address. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.

To send S, you use an Sonic wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!

You can buy Sonic with us here from the UK by sending us GBP bank transfers, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy Sonic.

You can swap Sonic with us by clicking here against one of the cryptocurrencies that we support, using any self-custodial Sonic wallet. For more information, have a look at our step-by-step tutorial on how to swap Sonic.

To cash out S tokens with us, you simply need to transfer your crypto to our address. We'll convert your AVAX in GBP, then transfer the funds to your bank account in the UK. For more information, have a look at our step-by-step tutorial on how to sell Sonic.