Fantom Transforms into Sonic: New Standard for Blockchain Development

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Transition from Fantom to Sonic
  2. What the Sonic Upgrade Brings
  3. Initiatives and Airdrops


    4. Sonic Labs, previously known as the Fantom team, announced that Sonic would be the first native integration for on-chain wallet scoring, enabling developers to access a potential $11 trillion market.

    Transition from Fantom to Sonic

    The transition from Fantom to Sonic is not just a technological shift; it also highlights the key role of tokenomics in a project's long-term viability. Sonic Labs, formerly the Fantom team, are introducing the Sonic chain and the S token, designed to replace the FTM token on a 1:1 basis. The Sonic network is an ultra-fast L1 blockchain, and this transition began following an announcement in June 2024, which also included the launch of a $120 million fund in FTM tokens to support developers and projects migrating to Sonic.

    What the Sonic Upgrade Brings

    The Sonic upgrade enhances everything that Fantom has brought to the crypto industry. The first novelty is the increase in throughput on the chain, with speeds of over 2,000 TPS and single-second finality. This places Fantom on par with Solana. The speed increase is achieved via the Fantom Virtual Machine (FVM), which replaces the old EVM model. FVM converts old EVM bytecode into a new virtual machine format, supports super instructions, and optimizes bundles of commonly occurring transaction types. Fantom validators can execute smart contracts with more efficiency and speed, up to 65x faster than old EVM mechanics. Storage requirements are also reduced by 90% due to the Carmen database storage tech.

    Initiatives and Airdrops

    Fantom has launched a strong strategy to attract developers and users to the new network. They will conduct airdrops for early users and reward participants for development efforts. Another program focuses on developers – the Gas Monetization Program, offering rewards for dApps that have been live on the mainnet for more than a month and generate over 15,000 transactions per contact.

    The Sonic upgrade brings significant changes and improvements to the Fantom ecosystem, promising to elevate blockchain to a new level of speed and efficiency.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Standard Chartered Launches Institutional Custody for Ripple USD

Standard Chartered has launched institutional custody for Ripple USD through its DIFC branch, regulated by the Dubai Financial Services Authority.

user avatarMaria Gutierrez

Samsung Wallet to Launch USDC Remittance Feature

Samsung Wallet will introduce a cross-border USDC remittance feature for eligible US Galaxy users, starting in the final week of October 2026.

user avatarDavid Robinson

Circle and Tereina Collaborate to Enhance Payment Systems with Stablecoins

Circle and SAP-backed Tereina have announced a partnership to integrate USDC and EURC payments into Tereina's enterprise payment infrastructure, starting with SAP Cloud ERP.

user avatarAndrew Smith

FCA Opens Crypto Authorisation Gateway for Firms

The Financial Conduct Authority (FCA) has opened its authorisation gateway for crypto businesses, starting the application period for compliance with new regulations effective October 25, 2027.

user avatarJacob Williams

Visa, BILL, and Billtrust Pilot AI Agents for Invoice Payments

Visa, BILL, and Billtrust have launched a pilot program to use AI agents for automating approved invoice payments through supplier portals.

user avatarZainab Kamara

Visa Introduces Stablecoin-Enabled Prefunding with Inyo Global

Visa has launched its stablecoin-enabled Visa Direct prefunding service in collaboration with Inyo Global, enhancing international money transfer efficiency.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.