Sonic Network: Fantom's Next-Generation Blockchain
Fantom (FTM), a once-prominent Layer-1 blockchain, is regaining investor attention ahead of its major Sonic Network upgrade. The Fantom Foundation recently unveiled details about Sonic Network (S), a new blockchain designed to replace Fantom’s older Opera-based infrastructure.
👉 Discover how Fantom’s upgrade could reshape DeFi
Key Highlights of the Sonic Upgrade
- Layer-1 Evolution: Built on Sonic technology, the new chain promises 2,000 transactions per second and enhanced scalability.
- Token Migration: FTM holders can swap tokens 1:1 for S, the native token of Sonic Network.
- Airdrop Potential: While specifics remain undisclosed, token S airdrops are expected for early adopters.
- EVM Compatibility: Bridges to Ethereum and other EVM chains will streamline interoperability.
Governance Update:
"We’re initiating community votes on Sonic’s rollout, including staking, DeFi incentives, and ecosystem funding. Feedback is crucial."
— Fantom Foundation (source)
Market Response and TVL Surge
- FTM Price: Jumped 30% (from $0.64 to $0.84) in a week.
- TVL Growth: Peaked at **$200M** (highest since July 2023) before settling at $129M.
- Historical Context: Still far below Fantom’s $8B TVL peak in March 2022.
Why Investors Are Bullish
- Liquid Staking: New support for liquid staking derivatives.
- Ecosystem Grants: Funding for DeFi, AI, and SocialFi projects.
- Roadmap: Upgrade slated for late summer/early fall 2024.
FAQ: Fantom’s Sonic Upgrade
1. Will FTM still exist after Sonic launches?
Yes, but Fantom encourages migration to S for full ecosystem benefits.
2. How do I qualify for the S token airdrop?
Criteria are undisclosed to prevent farming; active network participation may help.
3. What’s the advantage of Sonic over Opera?
Faster speeds (2,000 TPS), better scalability, and ETH compatibility.
4. Can I stake FTM on Sonic?
Yes, staking and liquid staking will be supported.
5. When is the upgrade happening?
Expected Q3/Q4 2024—exact date TBA.
👉 Stay ahead with Fantom’s latest developments
Coin68 | Synthesized for clarity and SEO optimization
### SEO Keywords
1. Fantom (FTM)
2. Sonic Network
3. Airdrop
4. Layer-1 blockchain
5. Token migration
6. DeFi upgrade
7. EVM compatibility
8. Liquid staking
### Notes
- **Markdown Optimization**: Structured with headers, bullet points, and blockquotes.
- **Anchor Texts**: Two strategic placements linking to OKX.