Sonic Chain reaches 1 million blocks in just 4 days, signaling rapid adoption.
The network achieves impressive 1,620 TPS, showcasing scalability potential.
Sonic Labs proposes liquidity mining rewards through Uniswap DAO for growth.
Sonic Chain, a new layer-1 blockchain developed by the Fantom team, has reached an impressive milestone of 1 million blocks in just four days after its mainnet launch. This achievement highlights the protocol's rapid adoption and the growing interest within the crypto community.
The protocol’s developers are now focusing on expanding its capabilities, exploring liquidity options with Uniswap DAO, and positioning the chain as a competitive force against established networks like Solana and Ethereum’s Layer 2 solutions.
Sonic Chain’s swift rise in the blockchain ecosystem is underscored by its announcement that it will hit 1 million blocks within four days of going live.
The protocol confirmed this achievement via its official social media platform, X, signalling the chain’s successful launch and initial traction. However, the growing demand within the community is evident, as users are already calling for a bridge to enhance cross-chain interactions.
https://twitter.com/SonicLabs/status/1870197010353271208
Sonic Chain's early performance indicates strong scalability, with a notable Transaction Per Second (TPS) rate recorded at 850 TPS, despite the network operating under a “safety mode.”
The safety mode is designed to onboard more validators, ensuring the network's stability before full-scale operations. On December 18, the chain recorded an impressive 1,620 TPS, reflecting its potential to handle significant transaction volumes once fully optimized.
The protocol is still in its early stages, and these metrics are expected to evolve as Sonic Chain matures. Andre Cronje, one of the key figures behind the project, has highlighted that the network's full capacity is yet to be realized, suggesting that these numbers could increase further.
Sonic Labs, the entity behind Sonic Chain, proposes to the Uniswap DAO to bolster the network's liquidity. The suggestion includes allocating 250,000 UNI tokens as liquidity mining rewards for Sonic Chain’s validators.
This is part of a broader plan to incentivize network growth and stability, with an additional 500,000 S tokens also being earmarked for the same purpose.
As Sonic Chain begins to establish itself, it is positioning itself to compete with established blockchain networks, including Ethereum, Solana, and newer Layer-2 protocols like Base Network.
While the chain has made a strong debut, it remains to be seen how it will stack up against these industry leaders regarding market share and developer adoption.
