SODAX price

SODA

#4418

SODAX is a cross-network execution and liquidity system that coordinates financial actions across 21 blockchain networks, including Ethereum, Solana, Bitcoin, Sui, Stellar, Arbitrum, Base, BNB Chain, Avalanche, Polygon, Optimism, NEAR, Injective, Hedera, Stacks and Sonic. It allows applications to offer swaps, lending and borrowing that settle across networks without requiring users to bridge assets or switch networks manually.

The project originated as ICON, a Layer 1 blockchain launched in 2017. In May 2025 the ICON Foundation announced a transition to SODAX, moving core infrastructure to Sonic, an EVM-compatible Layer 1, and consolidating the ICX and BALN tokens into a single token, SODA. ICX holders migrate to SODA at a 1:1 ratio. The ICON Network entered economic shutdown in March 2026 and is scheduled to cease operations on 31 December 2026, which is the final migration deadline.

SODAX uses a hub-and-spoke architecture. Sonic acts as the hub chain where accounting and liquidity are held, while connected networks act as spokes. A user action on a spoke network is expressed as an intent, which describes the outcome the user wants rather than the individual transactions required to reach it. Solvers compete to fill these intents against the system's liquidity. Because balances are held on the hub, an asset can trade on any connected network even when the underlying liquidity sits elsewhere.

The system supports multiple bridging paths, including proprietary relays alongside LayerZero and CCTP compatibility, rather than depending on a single external bridge. Assets remain native, so users are not required to hold wrapped representations.

Products include SODAX Swap for cross-network trading, a money market covering 27 assets for lending and borrowing, an AMM, and staking through SODAX Stake. The SODAX SDK gives wallets, DEXs, lending protocols and yield platforms a way to add cross-network features, native Bitcoin support and tokenized equities to their own applications. Partners building on SODAX include Balanced, Bound, Hana Wallet, Houdini Swap, Pennysia, Lexur, Amped Finance and LightLink, across 27 recorded protocol integrations.

SODA is the utility and governance token of the system. It has a fixed maximum supply of 1.5 billion, replacing the uncapped emission model used by ICX. Protocol fees fund the DAO treasury, staking rewards and protocol-owned liquidity. A portion of protocol revenue is used to buy SODA on the market and permanently burn it, tying supply reduction to system usage rather than to a fixed schedule. Staking is available through SODAX Stake, which distributes a designated share of protocol fees to stakers.

Smart contracts have been audited across the Sui, Solana, Soroban, NEAR and Stacks implementations, along with the relay layer and the lending and vault contracts. Audit reports are published at https://docs.sodax.com/welcome-to-sodax/audits.