The addition of Cicada Capital is a positive development for Sonic's liquidity landscape. This partnership may enhance the trading experience across our ecosystem.
Cicada Capital invests in @SonicLabs
New market maker joins Sonic - deeper liquidity across 30 exchanges 👇
What is Cicada?
• $100M AUM
• Algorithmic market making
• Deep liquidity provision and OTC desk services
• Venture expertise and advisory support for projects
Cicada appears to be a relatively new player in crypto market making. While their credentials look solid - tied to Cicada Capital fund established in 2021 - their track record in crypto specifically remains limited.
Their investment in Sonic aligns with Cicada’s focus on supporting high-performance infrastructure and deepening liquidity across ecosystems
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