PANews reported on May 8 that according to official news, Sonic Labs announced the completion of a $10 million strategic S token financing, led by Galaxy. This cooperation will accelerate Sonic Labs' expansion in the US market and provide key support for the development of its DeFi ecosystem. The cooperation aims to bridge traditional finance with Sonic's high-performance blockchain infrastructure through its resources. Sonic Labs CEO Michael Kong said that Galaxy's joining will bring important market insights and resources to the ecosystem. This cooperation also reflects the confidence of institutions in blockchain technology to transform financial infrastructure.