#FTM #binance Fantom Foundation recently received a resounding vote of confidence from its community with almost unanimous (99%) approval for its first proposal regarding the upcoming Sonic network. However, this green light paved the way for the birth of Sonic, a brand new layer 1 blockchain that boasts its own native token, $S.

The Fantom community has approved the Sonic proposal

According to Fantom's post on the social network account . Meanwhile, the FTM token will be compatible with Sonic's new S token and will be exchanged at a 1:1 ratio upon release.

Sonic's arrival marks a major leap forward for the Fantom ecosystem. Additionally, designed to address the limitations of the current Opera network, Sonic promises significantly faster transaction speeds and superior overall performance. Furthermore, this positions Sonic as a mainstay for future growth in the Fantom scene.