$PAL at $4M market cap is legit the best low cap opportunity in Sonic.
Many don't know yet but it's the token behind @Rings_Protocol, which is offering crazy yields and has obtained already $130M+ in TVL and $5M+ in fees
At the same time it offers 140% APR on veUSD (staked scUSD), you also get the highest points aggregation for the Sonic airdrop of any other app—with great support from Sonic directly. Right behind USDC.e, scUSD is the 2nd largest stablecoin on Sonic with $70M in supply.
The reason the coin isn't valued higher is because until now, the token didn't get value from Rings and the relationship was harder to grasp, but the Paladin founders are working on making it the official value accrual token and there's an update coming next week—something that many aren't aware of yet. $PAL will officially be the token that powers and accrues value from Rings Protocol.
There's better liquidity in Ethereum at this moment (better price execution if interested to buy), but I would expect the team to increase liquidity on Sonic soon for better narrative / ecosystem alignment.



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