Sonic, a new generation layer-1 from the Fantom development team, has announced the launch of its mainnet. This is an important milestone marking the beginning of this , which is expected to soon roll out community expansion activities.
Sonic is a strategic step in Fantom's repositioning plan, after a long period of not making a notable impact. Based on test results, Sonic claims it can achieve a processing speed of up to 10,000 transactions per second with instant transaction confirmation, significantly improving performance compared to existing chains.
"We are proud to introduce Sonic as the next step of Fantom, building on the near-zero downtime platform since 2019. Sonic is a revolutionary platform that prioritizes developers, providing a smooth user experience and revenue sharing opportunities from network fees." - Michael Kong, CEO of Sonic Labs, shared.
Sonic will use the native with the code S, which will be directly converted at a 1:1 ratio with the FTM of Fantom. The total supply of S is 3.175 billion tokens, equivalent to the total supply of FTM, with the main functions including:
- Validator operation
- Transaction fee payment
