Sonic Labs, previously known as the Fantom Foundation, announced on Thursday via X that SQD will launch on the Sonic blockchain. This development comes amid increasing regulatory scrutiny and market volatility, raising concerns about the long-term viability of new blockchain projects.

The announcement highlights Sonic Labs' ongoing efforts to innovate within the blockchain space. However, given the current regulatory landscape and market conditions, the success of such initiatives remains uncertain. Investors and stakeholders should exercise caution as the industry navigates these challenging times.