Fantom (FTM) is about to undergo a significant upgrade, introducing a brand new Layer 1 blockchain network called Sonic, along with a new native token S. This upgrade aims to enhance network performance, achieving a processing capacity of 2000 to 10000 transactions per second, and providing sub-second transaction finality. FTM holders can choose to exchange FTM for S tokens at a 1:1 ratio to participate in the Sonic ecosystem. Additionally, the Fantom Foundation plans to allocate at least $100 million worth of FTM to support the development of the Sonic ecosystem, including marketing, business development, and migration incentives. This upgrade will provide developers and users in the decentralized finance (DeFi) and non-fungible token (NFT) spaces with more efficient and cost-effective solutions. The Sonic network will also achieve seamless connectivity with Ethereum through native Layer 2 bridging, unlocking more liquidity. For investors optimistic about the future of blockchain technology, the launch of the S token and the innovations of the Sonic network may present new opportunities.
In simple terms: Pay attention to the new token S after the FTM update and the DeFi ecosystem on S, as there may be good opportunities.
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