Sonic, Fantom's next-generation blockchain, has generated its first genesis block and will soon open mainnet access for community testing.
According to an announcement on December 3, 2024, development team Sonic Labs confirmed that Sonic - Fantom's new Layer-1 blockchain - has completed genesis events and will launch publicly imminently.
Genesis achieved.
Block zero.
Infrastructure deploying.
Public soon.
The project recently deployed its Blaze testnet to experiment with cross-chain EVM compatibility and prepare for its S token airdrop through shard-based reward distribution.
Sonic's Technical Capabilities
- Processes 10,000 TPS in test environments
- Achieves instant transaction finality
- Inherits architecture from Fantom's Opera project (2019)
- Features 1:1 token migration from FTM to new S token
👉 Discover how Sonic compares to other high-speed blockchains
Key Features of S Token
| Parameter | Detail |
|---|---|
| Total Supply | 3.175 billion (1:1 FTM) |
| Use Cases | Governance, Staking, Validator Operations |
| Additional Mint | 6% supply after 6 months for ecosystem airdrops |
The project has secured $10 million in funding from prominent Ethereum DeFi founders including:
- Aave's Stani Kulechov
- Compound's Robert Leshner
- Curve's Michael Egorov
- Gauntlet's Tarun Chitra
Market Impact
FTM price surged 10% following the mainnet announcement, continuing a 100%+ upward trend since early November. Fantom's TVL currently stands at $142.8 million**, recovering from 2024 lows but still below its May peak of **$225 million.
Frequently Asked Questions
Q: When will Sonic mainnet fully launch?
A: No exact date yet, but infrastructure deployment suggests imminent public access.
Q: How does S token differ from FTM?
A: Same total supply, but with expanded functionality for Sonic's ecosystem.
Q: What's the airdrop eligibility criteria?
A: Details unconfirmed, but will involve shard-based rewards from testnet participation.
👉 Learn more about token migration strategies
Q: Who leads Sonic's technical development?
A: Andre Cronje, Fantom's CTO and prominent DeFi figure, oversees the project.
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