Sonic Labs has onboarded GSR as the official market maker for its native S token, a move announced on May 22 that aims to enhance token liquidity and accelerate DeFi growth within the Sonic ecosystem.
In its statement, Sonic Labs praised GSR’s decade-long history in crypto trading, its regulatory credibility, and its transparent operations as key reasons for the collaboration.
“We’re building more than a market—we’re building a foundation for scalable DeFi,” said Sonic Labs. “GSR helps us do both.”
A Strategic Partnership Beyond Liquidity
GSR won’t just manage order books—it will actively engage across the Sonic DeFi ecosystem. The firm plans to offer launch support for new projects, helping them access liquidity from day one and establishing liquidity rails across multiple dApps.
“Liquidity isn’t just about volume—it’s about readiness and confidence,” said Alex Taaffe, Head of U.S. Business Development at GSR. “We work closely with builders to get their tokens market-ready and trading smoothly.”
This end-to-end support aligns with Sonic Labs’ long-term strategy of backing developers and encouraging meaningful on-chain activity.
Community-First Commitment: GSR at Sonic Summit 2025
GSR also demonstrated its commitment to the Sonic community by sponsoring Sonic Summit 2025 in Vienna. The event brought together developers, investors, and protocol leaders from around the globe, reinforcing GSR’s presence as more than a backend operator.
Michael Kong, CEO of Sonic Labs, said the company is prioritizing partners who are “deeply involved” in the DeFi movement.
“We want collaborators who roll up their sleeves—contribute to the protocol, support the community, and help scale adoption. GSR fits that vision perfectly.”
Multichain Court Victory Adds Momentum
Separately, Sonic Labs scored a legal win in Singapore’s High Court earlier this month. On May 9, the court approved a winding-up petition against Multichain Foundation Ltd., the entity behind a 2023 hack that drained over $210 million.
The court appointed three KPMG representatives as liquidators, setting the path for Sonic Labs and other victims to recover lost assets.
Combined with the GSR partnership, this legal breakthrough positions Sonic Labs for a strong rebound, both financially and strategically.
