Sonic Labs Unveils Mainnet: New Prospects for Developers

by A1

3 hours ago

Sonic Labs announced the launch of the Sonic mainnet, offering new opportunities for developers through an EVM-compatible platform. Sonic network provides 10,000 transactions per second and sub-second finality.

Introduction to Sonic: A New Chapter for Developers

Sonic offers developers enhanced conditions, including seamless upgrading from Fantom to Sonic. The FeeM monetization model allows developers to earn up to 90% of network fees.

Recently, we’ve seen many new chains launch, especially centralized layer 2s where the founders pocket all network fees. FeeM addresses this by coding developer rewards directly into the chain.Sam Harcourt, Business Development Lead, Sonic Labs

Transition from Fantom: Upgrading FTM to S

Fantom and its FTM token are officially transitioning to Sonic and the S token. A 90-day period allows for seamless upgrading via a dedicated portal.

We are proud to launch the new Sonic chain as the next evolution of Fantom, empowering developers to create applications with excellent user experiences.Michael Kong, CEO, Sonic Labs

Sonic Gateway: Secure Decentralized Interoperability

Sonic Gateway offers a secure, decentralized bridge between Ethereum and Sonic, ensuring security, speed, and decentralization in asset transfers.

To empower users with effective and trustless control of their assets, we developed the Sonic Gateway, providing liquidity from other platforms.Bernhard Scholz, Chief Research Officer, Sonic Labs

Sonic Labs is opening new frontiers for developers and users by launching the mainnet with advanced technical solutions. Sonic aims to provide decentralized, secure handling of large volumes of liquidity.

Other news

NFTMozaic: Advancing NFT Development on Polkadot with Web3 Foundation Support

NFTMozaic receives a grant to boost NFT development on Polkadot, backed by the Web3 Foundation.

2 minutes ago

NiceHash Strengthens Mining Position by Relocating Operations to Switzerland

NiceHash moves operations to Switzerland to enhance compliance with international standards and security in cryptocurrency mining.

2 minutes ago

The Launch of FXRP on Songbird: Implications for Flare Labs' FAssets

Flare has launched FXRP on Songbird, marking a critical step in implementing the FAssets protocol for cryptocurrency interaction with DeFi.

4 minutes ago

Wall Street Pepe Takes the Lead Among Meme Coins in 2024

Wall Street Pepe raises $30M in two weeks, emerging as the top meme coin. Expected to grow further.

5 minutes ago

Bitcoin Analysis: Overcoming the Worry Band and Future Scenarios

Cryptocurrency firm Alphractal assesses Bitcoin market, focusing on STH & LTH Sentiment Price Bands metric.

6 minutes ago

Ethena and Donald Trump’s Cryptocurrency Project: New Prospects for WLFI

Ethena and WLFI aim to integrate sUSDe as collateral in Aave model, boosting liquidity and protocol usage.