According to @milesdeutscher, the Sonic ($S) ecosystem achieved the 5th rank in 24-hour app revenues. Projects on the Sonic mainnet are generating significant fees in addition to incentives from @SonicLabs. This performance could attract more developers, enhancing the ecosystem's growth and maintaining momentum.

According to Miles Deutscher, there is a noticeable shift in the cryptocurrency market where investors are moving away from meme-based and scam projects towards utility-driven ecosystems like Sonic and TAO. This trend is reminiscent of 2021, suggesting a return to fundamentals and potential for sustained growth. Traders may find new opportunities in these ecosystems as the focus shifts to projects with real-world applications and sustainable value propositions.