Sonic rallies on Bundle Transactions upgrade as DEX volume hits $2.46M
Sonic (S)
Editor:
Eugene Serbin
bitcoinethereumnews.com reports that Sonic [S] recorded double-digit percentage gains as bullish sentiment strengthened over the past week. A blockchain-level upgrade supporting Bundle Transactions is cited as a major contributor to this rally. The update reduces approval stages, allowing users to group multiple transactions into a single atomic execution processed simultaneously.
This efficiency drove on-chain activity higher, pushing decentralized exchange volume to $2.46 million, a level not seen since June 28. This volume figure is more than ten times the monthly low of $241,000 recorded on August 15. Despite the surge in activity, total value locked saw only a one-day increment of $770,000, bringing the TVL to $17.22 million.
On-chain capital growth supported high activity in the perpetual market, with the Open Interest-Weighted Funding Rate reading 0.0021% and trending upward. This indicates that traders have concentrated most of the $22.73 million in open interest in long positions. Volume on Binance showed a Taker Buy Ratio of 3.1, suggesting aggressive buying dominance. The outlook remains bullish with a high chance of continued upward price movement.
How the market reacted
Whalio's own Binance spot order flow for S, measured when this story was written up on 28 August 2026. Not the outlet's figures.
Whalio data for Sonic shows a current price of $0.03046 with a 1-hour buy ratio of 45.7% and a 4-hour buy ratio of 43.4%. These short-term readings are below the 24-hour buy ratio of 48.2%, indicating that buying pressure is fading in the immediate term. The volume delta reflects this shift, showing negative values of -$4,371 for the hour, -$25,364 for four hours, and -$79,552 for the day. The cumulative volume delta (CVD) for the 24-hour period closed at -$110,818, confirming net selling pressure. This means that sell volume exceeded buy volume across the measured spot volume of $2,146,920. Net buying occurred for only 9 of the 24 hours, suggesting inconsistent demand despite the earlier bullish news.
The latest daily buy ratio of 50.2% sits at the 64th percentile of the last 322 days, against a median of 49.0% - ordinary for this coin.
Twenty-four hours later
What S did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for S, averaged over the days leading up to the story.
Over the preceding week, Sonic experienced a price change of +21.5% with a total volume delta of +$469,377. The 7-day average buy ratio was 51.3%, making the current 24-hour ratio of 48.2% a 3.1-point decrease from the weekly norm. Daily volume was measured at 0.85x the weekly average, indicating lower-than-average trading activity for the day. Only 4 of the 7 days in the period saw net buying, contrasting with the mixed flow seen in the latest 24-hour window. This suggests that while the weekly trend was strongly positive, the most recent day represents a cooling off from the average buying intensity.