Sonic Surges as Bundle Transactions Upgrade Boosts DEX Volume
Sonic has joined the list of cryptocurrencies experiencing double-digit percentage gains over the past day, as sentiment and demand increase across the market.
The recent blockchain-level development supporting Bundle Transactions is likely a key contributor to Sonic's rally. This upgrade streamlines transactions by allowing users to group multiple approvals into a single atomic execution, reducing the number of stages required for processing.
As a result, on-chain activity has increased significantly, with decentralized exchange (DEX) volume surging to $2.46 million, one of its highest levels in about two months.
The recent high in DEX volume is more than ten times above its monthly low on August 15th, when it reached $241,000. This growth in activity contributes to the positive sentiment benefiting the protocol.