SonicChain
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Investment vs Speculation
The FTM chain is about to be converted to the S chain. Various coins stuck on the FTM chain may be able to be unlocked. The BTC on the FTM chain is only worth over 1000 in the exchange market, with a total of 1165 coins on the chain. Aave, Link, and STG are all at floor prices. Slightly picking some up to hold. After all, that is still the real BTC, with a total supply of only 21 million coins. #SonicChain #FTMUsdt
The FTM chain is about to be converted to the S chain. Various coins stuck on the FTM chain may be able to be unlocked. The BTC on the FTM chain is only worth over 1000 in the exchange market, with a total of 1165 coins on the chain. Aave, Link, and STG are all at floor prices. Slightly picking some up to hold. After all, that is still the real BTC, with a total supply of only 21 million coins. #SonicChain #FTMUsdt
Cristie Grobmyer H1EJ:
Where is the exchange market?
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FTM TO SONIC
The Relationship Between Fantom (FTM) and SONIC in the Blockchain Ecosystem
The SONIC token has been in the spotlight in the crypto space, especially thanks to its role in the major transformation that Fantom (FTM) has undergone with the launch of Sonic Chain. This update brought significant improvements to the Fantom ecosystem and introduced SONIC as a major token that carries great potential for wider adoption of blockchain technology.
Sonic Chain: A Big Step Up from Fantom
The Fantom Foundation is taking a major step in the evolution of their blockchain technology by introducing Sonic Chain. The main goal of this change is to increase efficiency, speed, and scalability, while strengthening their position in the global blockchain market. The innovations introduced include:
The SONIC token has been in the spotlight in the crypto space, especially thanks to its role in the major transformation that Fantom (FTM) has undergone with the launch of Sonic Chain. This update brought significant improvements to the Fantom ecosystem and introduced SONIC as a major token that carries great potential for wider adoption of blockchain technology.
Sonic Chain: A Big Step Up from Fantom
The Fantom Foundation is taking a major step in the evolution of their blockchain technology by introducing Sonic Chain. The main goal of this change is to increase efficiency, speed, and scalability, while strengthening their position in the global blockchain market. The innovations introduced include:
✨ 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
🔮 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