Sonic Labs, a new entrant in the blockchain space, has announced that its layer-1 blockchain is set to go “public soon,” following the successful production of its first block.
Sonic Labs, a new entrant in the blockchain space, has announced that its layer-1 blockchain is set to go “public soon,” following the successful production of its first block. This milestone, referred to as "Genesis," marks a significant step as the network prepares for broader accessibility.
The announcement was made via an X post on Monday, in which the Sonic team expressed their excitement about summoning the Sonic mainnet.
This development coincides with the recent unveiling of their upgraded default testnet, Blaze, which is designed for EVM compatibility. The Blaze testnet has reported notable performance improvements, including an average block time of 1.17 seconds and a finality time of 0.85 seconds for its initial 221,000 blocks.
Sonic Labs is a spinoff from the Fantom network, which launched its Opera blockchain in late 2019. The project aims to set new benchmarks in blockchain performance, targeting sub-second finality and the capacity to process 10,000 transactions per second.
It has secured $10 million in funding from various investors, including Stani Kulechov and Tarun Chitra, and is led by chief technology officer Andre Cronje.
On Sunday, Sonic Labs conducted a snapshot for its upcoming airdrop of tokens, which will use the ticker $S. These tokens will be tradeable on a 1:1 basis with Fantom's existing FTM tokens.
The launch will also introduce the Sonic Gateway, a bridge to Ethereum that aims to utilize Ethereum’s liquidity while offering high throughput and low transaction fees. Additionally, the new chain will feature a shared sequencer to enable secure block production for multiple rollups.
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