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You are at:Home » Sony-Backed Soneium to Reinvest Revenue into ASTR Token
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Sony-Backed Soneium to Reinvest Revenue into ASTR Token

Sony and Startale’s blockchain initiative, Soneium, will reinvest Layer 2 sequencer revenue into Astar Network’s ASTR token—creating a self-sustaining growth cycle for both ecosystems.
Rakhi ShahBy Rakhi ShahApril 3, 2025Updated:April 3, 2025No Comments3 Mins Read
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Soneium to Reinvest Revenue into ASTR Token
Soneium to Reinvest Revenue into ASTR Token
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Startale Group has announced plans to reinvest revenue generated from the Soneium Layer 2 sequencer into purchasing ASTR tokens. This initiative aims to create a self-sustaining cycle that enhances Astar’s growth, powered by Soneium’s increasing usage.​

Soneium: Bridging Web2 and Web3

Launched in January 2025, Soneium is an Ethereum Layer 2 blockchain developed by Sony Block Solutions Labs (SBSL), a joint venture between Sony Group and Startale Labs. The platform is designed to address challenges such as slow processing speeds and high transaction fees associated with Ethereum’s Layer 1 by handling data processing off-chain and then settling on the main Ethereum network. This approach combines Ethereum’s security and decentralization with enhanced scalability and user-friendliness, facilitating broader adoption of blockchain technology across various sectors, including entertainment, gaming, and finance. ​

Astar Network: A Collaborative Partner

Astar Network, a prominent parachain in the Polkadot ecosystem, has been instrumental in supporting Soneium’s development. The collaboration between Astar and Soneium aims to bridge different blockchain ecosystems, expanding Soneium’s capabilities and fostering interoperability. This partnership is expected to enhance the user experience and provide developers with a robust platform for building decentralized applications (dApps). ​

Reinvestment Strategy: Strengthening the Ecosystem

As the operator of the Soneium sequencer, SBSL collects fees from on-chain activities. Startale Group, as part of this joint venture, receives a share of this revenue. The group has committed to using a portion of these funds to purchase ASTR tokens on the open market.

“This isn’t a buyback. It’s not a short-term signal. It’s a long-term commitment to the network that helped bring Soneium to life,” Startale mentioned in a statement shared with AlexaBlockchain.

By channeling sequencer revenue back into ASTR tokens, Startale aims to create a feedback loop where increased network activity leads to greater support and growth for both Soneium and Astar. ​

Total Value Locked (TVL) Growth

Soneium has experienced rapid adoption since its launch, with its Total Value Locked (TVL) surpassing $45 million within a few months. This growth reflects the platform’s increasing role in the decentralized finance (DeFi) sector and underscores the effectiveness of its collaborative strategies. ​

Astar Contribution Score (ACS): Incentivizing Participation

To further encourage active participation within the Soneium ecosystem, the Astar Foundation introduced the Astar Contribution Score (ACS) campaign. This initiative allocates rewards based on Total Value Locked (TVL), with 70% of ACS tokens distributed to projects and users contributing substantial liquidity. By providing liquidity to eligible projects, participants can earn ACS rewards, thereby promoting the growth and sustainability of the Astar and Soneium ecosystems. ​

Developer Support and Future Prospects

Soneium is committed to empowering developers and creators by providing extensive documentation and user-friendly tools. The platform aims to lower the barrier to entry for blockchain technology, fostering a community where innovation can thrive. With the backing of Sony Group’s extensive industry knowledge and Startale’s innovative capabilities, Soneium is poised to become a cornerstone of global blockchain infrastructure, driving the adoption of Web3 across various use cases. ​

By creating a self-reinforcing cycle of growth and support, this initiative exemplifies the potential of collaborative efforts in advancing blockchain technology and fostering sustainable development within the Web3 space.

Read Also: Hashgraph Launches HashSphere, A Private Blockchain for Highly Regulated Enterprises

Disclaimer: The information provided on AlexaBlockchain is for informational purposes only and does not constitute financial advice. Read complete disclaimer here.

Image Credits: : Startale

Layer 2 Blockchain Soneium Sony Group Startale Group
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Rakhi Shah
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R Shah is a journalist and writer based out of Delhi, India. She is an Economics graduate from Delhi University. She can be reached at R.Shah@alexablockchain.com.

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