At 1pm on June 6th, UTC’s The Fly.Trade ($Fly) Token Generation Event (TGE) will officially be released on Sonic using Binance Alpha and Kraken.
At the heart of Fly.Trade (Prev. MagpieProtocol) is the native token, $Fly, a next-generation token model that aligns and incentivizes traders, stakers and protocols in the same way. From volume-based rewards to emissions, bribery, slip-reducing, revenue share, and more, $Fly unlocks unlocking more opportunities to earn money than ever before.
$ Fly Tokenomics: VE (3,3) Inspirational Model
fly.trade’s talknomics employs a VE (3,3) inspired model tailored to the aggregator-first protocol that turns Xfly into a profitable opportunity.
Trader Incentives: Direct subsidies reduce fees and slippage in high demand trading pairs. XFLY: For active users who want to vote, earn a bribe and maximize their reward by trading $fries in the fly pool. Fly33: Mint XFLY for Set and Forget participation without automatic compound rewards and lockups. Flywheel Effect: Staking and voting will help traders earn more money. After that, the increase in volume and fees will increase incentives and create a self-enhancing cycle. VE33 Governance: Lock$Fly receives XFLY and grants governance power over protocol fees, emissions and partnerships. Revenue sharing: Protocol fees are distributed to stakers to create flywheels for long-term holders.
About fly.trade
Fly.Trade (formerly Magpie Protocol) is the leading liquidity aggregation and trade execution protocol within the Sonic ecosystem. Designed to simplify cross-chain defi, Fly.Trade offers seamless swap, optimized routing and one-click staking across more than 19 chains. Fly.Trade has established itself as a go-to layer of execution for traders, protocols, and liquidity providers.
Certainly good pricing: Fly.Trade’s aggregation algorithm consistently provides most of the time more than all major aggregators in the market, minimizing slippage and transaction costs across thousands of estimates. Industry-leading partnerships: integrated into Rabby Wallet, Traderjoe (now LFJ), Shadowe Exchange, Particle Network, Socket, Relay, Euler, Heyanon, Symbiosis, Router and more. Proven achievements: cumulative volume of over $6.3 billion, 3.1 million swaps, and over 260,000 unique on-chain users. Key Benefits: Powering seamless swap of 18+ chains, the cross-chain aggregator from the start to market supports almost any token, including simple same and cross-chain asset swap, cross-chain LST/LRT swap, deposit, LP token swap, LP token swap, abstracted bridging, integration, and partnership with some of the best protocol echosics.
Roadmap: Building a Defi Running Layer
June 6, 2025: $Fly will be released on Sonic Q2 2025. Start areardrop
. Extend to EVM chain: Soneium, Abstract. Integrate Binance with OKX wallet. Q3 2025: Extension to EVM Chain: Megaeth, Monad, HypereVM. Extend to non-EVM chains: Solana, Eclipse. On-board new protocols and liquidity sources. Launch the Swap UI in the chart, implement DCA functionality, and add restricted orders. Q4 2025: Bridge Aggregation 2.0 Upgrade. Order Flow Tracking, Updated Order Routing UI, and Fire Fly 2.0: Universal Aggregation (Chain Abstract UX).
Token Generation Event (TGE)
Fly.Trade and $Fly are ready to be the backbone of Sonic’s Defi Economy, with Binance Alpha and Kraken’s list confirmed!
Ready to do smarter trading?
TGE Date & Time: Friday, June 6th, 1pm UTC Lock $FLY Following the acquisition of XFLY to receive $FLY, FLY33 Token Utility: trading incentives, fee reductions, maturities, voting, emissions, multipliers on voting and trading.
Detailed Talknemics, Roadmap Updates, and How to Join TGE Follow @flytrade_ on Twitter for real-time updates on token launches and future developments.
Post Fly.Trade launches $Fly with Sonic, which first appeared on Beincrypto.
