PANews December 18 news, according to official sources, the Layer1 blockchain project Sonic Labs (formerly Fantom) announced that its mainnet has officially launched. It is described as a high-throughput, EVM-compatible Layer1 blockchain platform that provides incentives and infrastructure for developers. Sonic can process up to 10,000 transactions per second, with sub-second finality and a native decentralized gateway to Ethereum. FTM holders can now use our upgrade portal to upgrade their tokens to S on Sonic at a 1:1 ratio and unlock access to various applications on Sonic.
