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Sonic Labs Unveils Sonic Mainnet: Accelerating DeFi Development

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by A1

2 hours ago

Sonic Labs has announced the launch of Sonic mainnet, a new EVM-compatible blockchain platform offering attractive incentives and powerful infrastructure for developers.

Launch of Sonic Mainnet

With Sonic's ability to process 10,000 transactions per second and sub-second finality, developers have a unique opportunity to build the applications of the future on unparalleled infrastructure and liquidity.

New Opportunities for Developers

Sonic implements the FeeM network fee monetization model, allowing developers to earn up to 90% of the fees generated by their applications. This innovation provides developers with a built-in revenue mechanism.

Recently, we've seen many new chains launch, especially centralized layer 2s where the founders pocket all network fees. This excludes developers from the equation, forcing them to impose extra fees on users to earn revenue. FeeM addresses this by coding developer rewards directly into the chain, ensuring that network fees are shared with developers from the start.Sam Harcourt, Business Development Lead, Sonic Labs

Transition from Fantom to Sonic

Fantom and its FTM token are officially transitioning to Sonic and the S token. Sonic Labs provides an upgrade portal allowing FTM holders to seamlessly upgrade to the S token on a one-to-one basis.

We are proud to launch the new Sonic chain as the next evolution of Fantom, building on its impressive track record of nearly 100% uptime since 2019. Sonic is a revolutionary platform that prioritizes developers, empowering them to create applications with seamless user experiences while earning a share of network fees.Michael Kong, CEO, Sonic Labs

Sonic Labs has made a significant step forward in DeFi by providing powerful tools and incentives for developers, as well as ensuring secure and decentralized solutions for cross-chain interactions.

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