Sonic Token (S), formerly Fantom (FTM), is causing a major disruption in the blockchain industry. It emphasizes faster speeds, more flexibility, and a better UX, which has attracted significant interest from industry experts. The platform further distinguishes itself from the pack by providing ultra-fast transactions with guaranteed security and decentralization. With this growth in Total Value Locked (TVL), it may prove its place as one of the top blockchain platforms. Sonic provides a host of compelling features, all aimed at wooing users and developers alike. Its mission is to provide a smooth, responsive, easy-to-use, and efficient blockchain experience.
Redefining Speed and Scalability
Sonic was designed from the ground up to handle as many transactions per second as your app throws at it. It’s able to process 10,000 TPS and finality under one second. This incredible throughput is a stark contrast to Ethereum’s throughput of 30 TPS and even surpasses Solana and Arbitrum.
The network’s sub-one-second finality guarantees no more than near-instant transaction confirmation for the fastest, most user-friendly experience possible. Sonic’s architecture puts a premium on speed and efficiency, which makes it a perfect fit for applications that need high-speed transaction processing.
Enhanced User and Developer Experience
User-friendly Sonic places a strong emphasis on user-friendliness, equipping you with a feature-rich interface to streamline your interactions with the Sonic network. The platform includes a new App Discovery feature. This gives users the chance to explore amazing new applications created on top of the Sonic network.
Local developers benefit from Sonic’s Fee Monetization Program. They can even keep 90% of the fees that their applications bring in! This multifaceted incentive structure fosters innovation and growth within the Sonic ecosystem.
Tokenomics and Transition
As part of its rebranding, Sonic has implemented a 1:1 token swap ratio for existing users. This provides an instant one-way conversion for Fantom (FTM) holders to the new Sonic Token (S).
Sonic has additionally delivered a significant $190.5 million value of tokens in airdrops on to customers and builders. This program launches the network and incentivizes early adopters. It’s fostering a creative, energetic & engaged community of makers and doers working on & with the Sonic platform!
Bridging to Ethereum
Designed for Parallel’s cross-chain tech stack, the Sonic Gateway enables developers to offer secure and cost-efficient token bridging between Ethereum and Sonic. Through this interoperability, users can seamlessly move assets between the two networks. It increases liquidity and expands the utility of Sonic tokens. Our gateway allows you to benefit from the best of both ecosystems. Second, it encourages a more interconnected and multifunctional blockchain ecosystem.
