Sonic gains double digits as Bundle Transactions lift DEX activity

Sonic [S] recorded double-digit percentage gains over the past day as broader market sentiment improved. Its Bundle Transactions upgrade, which reduces the approval stages required for transactions, allows users to group several transactions into a single atomic execution. The change coincided with a sharp increase in on-chain activity: Sonic's decentralized-exchange volume topped $2.46 million on Aug. 27, its highest level since June 28 and more than ten times the Aug. 15 low of $241,000, according to DefiLlama. Total value locked (TVL), or capital deposited in the protocol, rose by only $770,000 over the past day to around $17.22 million, leaving further inflows important for confirming sustained momentum. Perpetual-market data also favored buyers: open interest reached $22.73 million, the Open Interest-Weighted Funding Rate read 0.0021% and was trending upward, and Binance's Taker Buy Ratio reached 3.1. A ratio above 1 indicates that buyers are leading activity. The final summary cited a rising 0.0040% funding rate favoring long positions.

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