Sonic

Sonic (prev. FTM)

Fantom (Migrated to Sonic)

<p>After a long journey through the desert, Fantom is making a spectacular return to the forefront with its brand new rebranding: Sonic. This launch of the Sonic mainnet promises much more than just a name change. With advanced features and ambitious promises, Sonic is repositioning the ecosystem on the chessboard of the crypto market by providing a fast, compatible, and innovative solution. Let’s explore what this transformation concretely implies.</p>
<h2 id="h-fantom-reinvents-itself-with-sonic">Fantom reinvents itself with Sonic</h2>
<p>The Sonic mainnet is not just a simple marketing facelift: it marks <strong>a true technological evolution for Fantom</strong>. Equipped with EVM compatibility and an impressive ability to handle <strong>up to <a href="https://blog.soniclabs.com/sonic-mainnet-launch-evm-compatible-verifiable-10-000-tps-and-sub-second-finality/" target="_blank" rel="noopener noreferrer nofollow">10,000 transactions per second (TPS)</a></strong>, Sonic establishes itself as an essential platform for users and developers.</p>
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<p>Instant finality and compatibility <strong>with popular wallets</strong> like Metamask or OKX add a welcome touch of ergonomics.</p>
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<p>Holders of FTM, the native token of Fantom, can now <strong>migrate to Sonic to receive S tokens</strong>, at the core of the new ecosystem. This comes with a windfall for active and passive users through a <strong>airdrop of 190 million S</strong>, representing 6% of the total supply, or 260 million dollars.</p>
<p>As summarized by Michael Kong, CEO of Sonic Labs:</p>
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 <p>“<em>Sonic represents the culmination of more than two and a half years of hard work to optimize the entire execution stack of the Opera chain</em>”.</p>
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     <p lang="en" dir="ltr">I’m incredibly proud of what the <a href="https://twitter.com/SonicLabs?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@SonicLabs</a> team has accomplished with this launch.<br><br>Sonic represents the culmination of over two and a half years of hard work by the technical team, who redesigned and optimised the entire execution stack of the Opera Chain, as well as many… <a href="https://t.co/ltajbTGQ1v" rel="noopener noreferrer nofollow">https://t.co/ltajbTGQ1v</a></p>— Michael Kong <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@michaelfkong) <a href="https://twitter.com/michaelfkong/status/1869388643674239144?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 18, 2024</a>
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<p><strong>Key takeaways:</strong></p>
<ul>
 <li>Up to 10,000 TPS and finality in less than a second;</li>
 <li>Airdrop of 190 million S to reward users;</li>
 <li>Compatibility with popular wallets like Metamask and OKX.</li>
</ul>
<h2 id="h-an-airdrop-and-a-rise-in-power-in-the-crypto-market">An airdrop and a rise in power in the crypto market</h2>
<p>The excitement around Sonic has had a direct impact on the price of FTM. Anticipating the migration to S, the token reached <strong>its highest level since 2022</strong>, with <strong>a market cap exceeding 4 billion dollars</strong>. This performance reflects the growing enthusiasm for this strategic evolution.</p> 
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<p>The Sonic mainnet did not arrive alone. Supported by <strong>a fundraising of 10 million dollars</strong> led by Hashed Fund, with heavyweights like Stani Kulechov (Aave) and Robert Leshner (Compound), Sonic is clearly on the rise.</p>
<p>This transformation also gives <strong>a fresh start to Fantom</strong>, which once peaked at 8 billion dollars in total value locked (TVL) in 2022, and has a respectable average of 100 million TVL in 2024 according to DeFiLlama.</p>
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   Sonic mainnet launch – Source: Sonic Labs
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<p><strong>The promised staking and governance</strong> to be announced soon complete an already very attractive picture for investors. One thing is for sure: with Sonic, the crypto market is far from being done shaking.</p>
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Sonic Is Coming: Fantom Launches Users into a New Crypto Era

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