✨ Sonic Chain Launches Gateway Bridge ✨

🔮 Key Development:

Sonic Chain, a division of Fantom, introduces the Gateway Ethereum Bridge, enabling secure transfers of assets like USDC, EURC, WETH, and FTM between Ethereum and Sonic.

📈 Security Measures:

Audited by Open Zeppelin, Quantstamp, and Certora Inc.

Collaboration with ImmuneFi for a $2M bug bounty program to proactively safeguard user assets.

Focused on high-security standards to prevent vulnerabilities in the DeFi space.

💡 How It Works:

Users holding FTM on Ethereum can seamlessly upgrade their assets to Sonic through Gateway.

Specific contract addresses ensure additional protection during transactions.

🚀 Driving Innovation:

Bi-directional fund movement expected to boost liquidity.

Developers are expanding adoption with new DApps and integration with the Fantom ecosystem.

💡 Driving Force: Bitcoin’s Influence

Bitcoin’s rising market dominance and stability encourage confidence across the DeFi sector.

A potential Bitcoin breakout above $108,000 could bring increased liquidity to altcoins and DeFi protocols like Sonic Chain.

🌟 Outlook:

The Gateway Bridge enhances asset security and positions Sonic Chain as a key player in Fantom's expansion. With Bitcoin’s influence on market momentum, Sonic Chain is poised to benefit from broader cryptocurrency growth.

#SonicChain #BitcoinMomentum Ethereum Bridge #DeFiSecurity