Andre Cronje (AC), co-founder of Sonic Labs, retweeted an interview summary on the X platform, revealing plans to launch a decentralized exchange within the year to compete with Coinbase and Binance. The exchange will offer as much leverage as possible. Cronje also discussed that the essence of Meme Coins is the attention economy; while community coins hold value, Meme Coins that may disappear within weeks are detrimental. Additionally, Sonic is set to launch a "fee subsidy" feature and a "smart wallet"; the former allows users to provide gas for others, while the latter supports using any token as gas. Cronje stated he will not engage in conversations with any VC investor funds, as he believes that large market makers, big funds, or VCs lack loyalty.

PANews reported on March 15 that Sonic Labs co-founder Andre Cronje (AC) forwarded a recent interview summary on the X platform, in which he disclosed plans to launch an exchange within the year to compete with Coinbase and Binance. The exchange will be fully decentralized and provide as much leverage as possible.
 Regarding Meme Coin, Andre Cronje said that the essence of Meme is the attention economy. Community coins are valuable and reward communities that have persisted despite years of difficulties, but Meme coins that may disappear in a few weeks are toxic.
 Andre Cronje revealed that Sonic will soon launch a "fee subsidy" function and a "smart wallet". The former allows anyone (currently it should be a whitelist mode) to provide gas for other users, and the latter is a step further based on the "abstract wallet", supporting the use of any token as gas and various accounts to log in. In addition, Andre Cronje also said that he would not talk to any VC investor fund, as he believes that large market makers, large funds or VCs have no loyalty.

Sonic Labs plans to launch a decentralized exchange to compete with Coinbase and Binance.