Sonic SVM announces the first-ever node sale in the Solana ecosystem

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on  Sep 19, 2024
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3 min read
  • HyperFuse Nodes sale reaches 645% oversubscription in 1 hour, raising $3 million.
  • Investors gain access to Solana’s expanding gaming market through Sonic SVM.
  • Referral rewards and potential airdrop opportunities increase sale's appeal.

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Sonic SVM, a key player in the Solana Virtual Machine (SVM) ecosystem, has officially launched its HyperFuse Nodes sale, providing the community with an opportunity to participate in the expanding Solana ecosystem.

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The HyperFuse Node Tier 1 raffle witnessed extraordinary demand, with a 645% oversubscription rate in just one hour, raising $3 million.

Due to this high interest, the whitelist sale has been postponed by 24 hours to September 19 at 1 PM UTC, allowing the company to meet the overwhelming demand.

A chance to enter Solana SVM ecosystem at a lower valuation

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HyperFuse Nodes are a fundamental component of the HyperGrid framework, ensuring the security and efficiency of the Solana Virtual Machine.

This node sale offers individual investors an opportunity to purchase Sonic Tokens at a valuation lower than that given to top venture capital firms during Sonic’s recent $12 million Series A funding round.

Over 30% of the 50,000 HyperFuse Nodes are priced below this fully diluted valuation (FDV), aligning community participation with the company’s growth.

As the first node sale on Solana, Sonic SVM has garnered support from key Solana-native projects like Bonk, Madlads, Backpack, MonkeDAO, and Solayer, further boosting the credibility and reach of the HyperFuse Nodes sale.

Node operators in the HyperFuse system will benefit from being early participants in the Solana SVM ecosystem, which boasts over 2 million wallets and 1.5 billion on-chain transactions.

Operators will also tap into the growing Solana gaming market, where Sonic SVM already hosts over 10 high-quality games and has partnerships with more than 40 top game studios.

Referral rewards and potential airdrops increase the sale’s appeal

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The HyperFuse Nodes sale comes with an attractive referral program, offering instant cashback and additional mining pool benefits to purchasers.

Additionally, while not officially confirmed, future airdrop opportunities for node operators are also possible, adding further incentives for early participation.

“Sonic SVM’s HyperFuse Nodes present a groundbreaking opportunity for community members to actively participate in the Solana ecosystem’s growth,” said Chris Zhu, CEO and co-founder of Sonic SVM.

We are excited to open the door to our community members and partner ecosystems, enabling them to take part in the future of gaming and blockchain technology.

Backed by industry giants such as Bitkraft, OKX Ventures, and Galaxy Interactive, Sonic SVM has raised $16 million to date.

This strong investor support, coupled with the innovative features of the HyperFuse Nodes, positions Sonic SVM as a leader in the Solana gaming and blockchain space.