On May 23, 2024, Sonic Labs raised $10 million in a Strategic funding round led by Hashed

Sonic Labs (prev. Fantom) raised $10 million in a Strategic funding round led by Hashed with participation from AAVE, Signum Capital, Fernando Martinelli, Robert Leshner, Tarun Chitra, Michael Egorov, Stani Kulechov, Sam Kazemian, UOB Asset Management, and others.