Sonic Labs mainnet has generated its first block, expected to be launched as scheduled in early December

PANews December 3 news, according to The Block report, Sonic Labs announced that its Layer 1 mainnet has generated its first block and will officially launch soon. The project has completed the S Token airdrop snapshot, and the token $S can be exchanged for Fantom's FTM at a 1:1 ratio. The goal of the Sonic mainnet is to process 10,000 transactions per second, with a confirmation time of 1 second, while introducing Ethereum bridging functionality to leverage its liquidity resources. The project is expected to launch as scheduled in early December.