Sonic Chain, a recent development by the Fantom team, has reached 1 million blocks within four days of its launch. This achievement reflects the rapid expansion and interest in the new blockchain platform within the crypto community.
Rapid Growth of Sonic Chain
Sonic Chain reached a milestone of one million blocks just four days after transitioning to mainnet. This success highlights the swift adoption of the protocol and growing interest within the crypto environment. This milestone was confirmed through Sonic Chain’s official social media platform, X.
Technical Performance and Stability
The network's transaction speed reached 850 TPS even when operating in 'safety mode,' designed to ensure network stability before full-scale operations. On December 18, the network recorded 1,620 TPS, highlighting the capability to handle significant transaction volumes. Andre Cronje, one of the leading figures of the project, noted that the network's full capacity has yet to be realized.
Liquidity Expansion Plans
Sonic Labs suggested Uniswap DAO allocate 250,000 UNI tokens as liquidity rewards for Sonic Chain validators. This move is part of a broader strategy to incentivize network growth and stability.
Observing Sonic Chain's rapid development, it is evident that it is beginning to compete with established blockchain networks like Ethereum and Solana, as well as new solutions such as Base Network. Time will tell how the new player will establish its position in the market.
