Wagmi Achieves Market Leadership on Sonic with Strong GMI Performance

🚀 57% APR Just Dropped

By Wagmi
Jan 2, 2025, 5:29 PM
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Wagmi has established itself as the leading CLAMM DEX on Sonic Labs, with significant achievements in early 2025:

  • GMI yield increased to 57.​88% APR on Sonic
  • All GMI-supported strategies reached full capacity
  • $4.​3M protocol-owned liquidity handling 80% of Sonic EVM volume

Recent milestones include:

  • Over $1B in total trading volume for 2024
  • Generated $1M+ in fees for GMI holders
  • New integration with KyberNetwork
  • Rabby wallet integration for direct token swaps
  • Launch of S/USDC strategy with $2M cap
  • Analytics platform expansion to Sonic EVM

Current Status: Wagmi leads price execution quality on the network while maintaining strong yield generation.​

Sources
Read more about Wagmi

Bridge Updates: WAGMI Token Now Bridgeable Between Ethereum and Solana

The new bridge interface is now operational at bridge.wagmi.com, enabling users to transfer $WAGMI tokens between Ethereum Mainnet and Solana networks. Additionally, the $ANON token can now be bridged across multiple networks: - Solana - Ethereum Mainnet - Metis - Kava - Base - IOTA - Arbitrum *More networks are planned for future integration.*

Wagmi Achieves $1B Trading Volume Milestone, Generates $1M+ in Holder Fees

Wagmi Achieves $1B Trading Volume Milestone, Generates $1M+ in Holder Fees

**Key Highlights:** - Wagmi has surpassed $1 billion in trading volume year-to-date - Platform generated over $1 million in fees for GMI token holders - Limited spots still available for new GMI holders via SonicLabs The platform shows consistent growth, with notable daily volumes reaching $2.2M on Metis L2. This activity translates to substantial fee generation for liquidity providers, particularly benefiting GMI holders. *Want to participate?* Check current opportunities at app.wagmi.com/dashboard/gmi

Wagmi Integrates KyberNetwork on Sonic EVM

Wagmi has expanded its ecosystem by integrating with KyberNetwork on Sonic EVM, marking a significant development in DeFi trading capabilities. - Integration enables enhanced liquidity aggregation - Provides seamless trading experience - Follows recent analytics page support for Sonic EVM KyberSwap's deployment includes: - Aggregator & Limit-Order functionality - Access to 17+ liquidity sources - Optimized trading rates This integration strengthens Sonic's growing DeFi ecosystem, offering users more trading options and improved liquidity.

New Strategy Launched on Sonic EVM with $2M Cap

A new liquidity strategy has been introduced on Sonic EVM for the $S/$USDC pair with these key features: - Maximum cap set at $2 million - Available through WAGMI platform - Supports GMI entry with new deployment Users can participate by: 1. Bridging $ETH and $USDC via official Sonic Gateway 2. Accessing strategy through WAGMI's liquidity interface WAGMI on Sonic Labs continues to provide deep liquidity for $S/$USDC trading.

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