Golden Finance reported that Fantom announced at X that it has changed its name to Sonic Labs. Sonic Labs plans to gain support by introducing a large-scale incentive program, and Sonic will use S tokens. This new token will enter the ecosystem through large-scale airdrops, simplified staking, incentive programs, etc. Although the transition from Fantom to Sonic Labs has been completed, the launch of Sonic will not be until Q4. According to the description provided on the Sonic Labs launch page, Sonic is a Layer-1 platform with a secure gateway to Ethereum.