Beefy, a DeFi yield aggregator, has discontinued its Sonic products, integrations, and validator services after the total value locked (TVL) on the Sonic network fell sharply from over $1 billion in May 2025 to below $100 million by December 2025. The company also ended its beS product line, ceasing related yield and validator rewards. Users are urged to withdraw their stakes, with beS holders able to redeem underlying tokens after a 14-day waiting period. This move reflects significant contraction in Sonic's DeFi ecosystem and impacts over 2 million tokens delegated to Beefy's former validator nodes.
The story about Beefy ending Sonic products and validator services comes as the broader cryptocurrency market on Pluang shows a sharp decline, with only 5 out of 50 major cryptocurrencies rising today. For readers following crypto trends, here is Pluang's market snapshot as of Oct 07, 2026 15:21 WIB: ENJ (Enjin Coin) fell 7.37% to Rp548 with a typical hold time of 104 days and 69% sell order activity; THETA (Theta Network) dropped 7.17% to Rp3.973 with 100% sell orders; AXS (Axie Infinity) decreased 6.91% to Rp21.794 with 89% buy orders.
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