Sonic Labs, previously known as the Fantom Foundation, announced via X on Thursday that Pendle will launch on the Sonic blockchain. This development comes amid increasing regulatory scrutiny and market volatility, raising concerns about the sustainability of new projects in the blockchain space.

The launch of Pendle on Sonic blockchain is seen as a strategic move to leverage Sonic's infrastructure. However, given the current market conditions and regulatory pressures, the long-term success of such initiatives remains uncertain. Investors and stakeholders should exercise caution as the industry navigates these turbulent times.