SoSoValue (SOSO)

What is SoSoValue? 🤔

SoSoValue is a crypto research and investment platform that started out as a data terminal and evolved into an ecosystem of analytics and financial services. It aims to remove the key barriers crypto investors face, such as a lack of quality research, the industry’s growing complexity, and the need for a reliable way to fact-check.

Its ecosystem is built on a few core products: the Analytics Terminal, the SSI protocol, ValueChain, and SoDEX.

The Analytics Terminal is SoSoValue crypto platform’s core and first product. It lets users explore the industry’s latest funding rounds, Bitcoin treasuries, on-chain analytics, crypto ETF stats, a crypto news tracker, an AI news summarizer, and more. One of its flagship features, known across the Web3 industry, is the ETF tracker, which multiple top-tier media outlets use for their in-depth research articles. On top of that, the project offers its own API so other companies can pull data from its Analytics Terminal.

Beyond analytics, it offers a native SSI protocol, which brings TradFi’s usual approach to building investment products into the crypto space. It wraps a basket of industry-related assets into a single “index” coin that is regularly rebalanced to keep the asset proportions in the basket the same. For its services, the SoSoValue crypto project charges a 0.01% daily service fee.

Finally, the project runs a modular L1 chain, ValueChain, whose biggest application is its native CLOB DEX, SoSoValue SoDEX. It gives users exposure to over 100 spot and perp trading pairs, including crypto, stocks, SoSoValue’s indices, and more. Like most perp DEXs, it also offers a Liquidity Provider Vault, with the option to deposit SoSoValue’s top-7 cryptocurrency index, smag7.ssi, as collateral. This way, users can earn yield from passive market making on SoDEX while keeping the 7 strongest cryptos in their portfolio.

As of October 20, 2026, the SoSoValue SSI protocol holds $110M in TVL, while SoDEX generates ~215M in daily perp trading volume, close to well-known perp DEXs like RiseX, Vest Exchange, and ApeX. Across SoDEX and SSI combined, the SoSoValue project crypto generated nearly $1.8M in revenue in September 2026, mostly from SSI.

🪙 SoSoValue token:

$SOSO launched in January 2025, debuting on Bybit (incl. Launchpool). It is used for on-chain voting, SoDEX fee discounts via staking, and gas payments on ValueChain. As of October 2026, ~342M SOSO (34.2%) is circulating, with the next unlock of 23.46M SOSO to Ecosystem & Airdrop due on October 24, 2026. From December 2024 to May 31, 2026, SoSoValue ran two seasons of points farming campaigns.

As of October 2026, SoSoValue runs three potential SoSoValue airdrop campaigns:

• EXP Season 3, launched on May 31, 2026, rewards users who complete free platform tasks;
• SoPoints Layer 1 Season, announced on September 1, 2026, lets users earn SoPoints by trading spot and perps, building squads, and using vaults on SoDEX;
• SSI Epoch 5, running from May 21 to November 17, 2026, rewards users who hold or stake SSI index tokens.

Each campaign runs a points program tied to a different module of the platform. The points earned in each program will most likely convert into a $SOSO airdrop after the campaign ends.

✅ SoSoValue pros:

• Backed by HongShan (formerly Sequoia China), GSR Markets, SmallSpark and Mirana Ventures, with $19.15M raised in total;
• Co-founder May Wang has a TradFi background at CICC, Huatai Securities, and Atlas Capital;
• Multi-phase audits by SlowMist, Zellic, Quantstamp, BlockSec, Zenith and TenArmor;
• $52M in cumulative revenue from the SSI and SoDEX perps products combined;
• SoDEX reached $20B in cumulative perp volume roughly 9 months after its public launch;
• Listed on Bybit, Kraken and Gate.

❌ SoSoValue cons:

• ~66% of supply is still locked, and core contributor and investor tranches are now unlocking monthly;
• Three ongoing points farming campaigns most likely to convert into airdrops that will increase sell pressure on $SOSO token;
• $SOSO doesn’t capture protocol revenue ($0 holder revenue on DeFiLlama);
• TVL has nearly halved from its October 2025 peak, and SSI fee income dropped from $14.9M in Q1 2025 to $4.7M in Q3 2026;
• $SOSO has underperformed $BTC by ~10% over the past 3 months;
• The token reached only a 2x ATH ROI after TGE and has trended downward since;
• SOSO trades ~80% below its $1.42 ATH from January 2025;
• Tough competition on every front: Hyperliquid, Lighter and Aster in perps; Index Coop in on-chain indices; Messari and CoinGlass in data.