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Fly.trade is Launching $FLY on Sonic

On Fri, Jun 6, 2025, at 1pm UTC, the Fly.trade ($FLY) token generation event (TGE) launches on Sonic, with Binance Alpha and Kraken.

JBy Julia KramerJun 05, 20251 min read

On Fri, Jun 6, 2025, at 1pm UTC, the Fly.trade ($FLY) token generation event (TGE) launches on Sonic, with Binance Alpha and Kraken.

Fly.trade employs a ve(3,3)-inspired model designed for an aggregator-first protocol. Key elements include:

Trader Incentives: Direct subsidies reduce fees and slippage on high-demand trading pairs. xFLY: For active users who want to vote, earn bribes, and maximize rewards through staking and trading $FLY in FLY pools. FLY33: Mint xFLY for participation with auto-compounding rewards and no lock-ups. Flywheel Effect: Staking and voting increase incentives, creating a self-reinforcing cycle. ve33 Governance: Lock $FLY to receive xFLY, granting governance power over protocol fees, emissions, and partnerships. Revenue Sharing: Protocol fees are distributed to stakers.

Fly.trade (previously Magpie Protocol) is a liquidity aggregation and trade execution protocol within the Sonic ecosystem. It facilitates swaps, optimized routing, and staking across 19+ chains.

On Fri, Jun 6, 2025, at 1pm UTC, the Fly.trade ($FLY) token generation event (TGE) launches on Sonic, with Binance Alpha and Kraken.
Julia Kramer · Thehackingpost

Pricing: The aggregation algorithm delivers competitive swap rates, minimizing slippage and transaction costs. Partnerships: Integrated with various platforms to provide swaps with optimized routing. Track Record: Over $6.3 billion in cumulative volume with 3.1 million swaps and 260k unique on-chain users. Advantages: Supports cross-chain swaps and integrates with multiple protocols and projects in the Sonic ecosystem.

Roadmap: Building DeFi's Execution Layer

Jun 6, 2025: $FLY launches on Sonic Q2 2025: Launch FLY Dashboard, Staking, and Revenue Share. Expand to EVM chains: Soneium, Abstract. Integrate Binance and OKX wallets. Q3 2025: Expand to more EVM and non-EVM chains. Launch Swap UI with additional features. Q4 2025: Bridge Aggregation 2.0 upgrade and launch Fly 2.0: Universal Aggregation.

Fly.trade and $FLY are set to play a central role in Sonic's DeFi economy with a confirmed listing on Binance Alpha and Kraken.

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TGE Date & Time: Fri, Jun 6, 1pm UTC Token Utility: Includes trading incentives, reduced fees, bribes, voting, and emissions.

For detailed tokenomics, roadmap updates, and participation in the TGE, follow @flytrade on Twitter.

Based on reporting by hackernoon.com.

AI transparency. This article was produced with the assistance of artificial intelligence and published under human editorial oversight. AI systems can make mistakes. Read how we use AI (EU AI Act, Art. 50).
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