Sonic Labs has announced the achievement of “Genesis,” marking the creation of the inaugural block on its highly anticipated Sonic blockchain. Described as a speed-oriented Ethereum Virtual Machine (EVM)-compatible layer-1 network, it aims to provide enhanced performance for developers and users by minimizing latency and transaction costs.
Sonic is considered the successor to Fantom Opera, with major backing from the Fantom Foundation, which has been instrumental in building Fantom’s decentralized finance (DeFi) ecosystem since 2019. The rebranding to Sonic reflects a commitment to advancing blockchain infrastructure and addressing critical performance bottlenecks.
On December 2, Sonic Labs revealed on X that infrastructure deployment is underway, signaling a “public launch soon.” This announcement follows the unveiling of its upgraded testnet, Blaze 2.0, on December 1, which has been designed to refine the network before the mainnet goes live.
S Token Airdrop and Developer-Centric Features
In parallel with its Genesis milestone, Sonic Labs has completed a “Snapshot” for an airdrop of 200 million S tokens. These tokens, exchangeable on a 1:1 basis with Fantom token, were distributed to users who engaged with Sonic’s arcade games, such as Coinflip and Plinko. With the games now closed, the focus shifts to the network’s proof-of-stake (PoS) mechanism, enabling S token holders to stake their assets.
Sonic is strategically designed to appeal to developers, with 90% of transaction fees generated by the network being redistributed back to them. This feature, highlighted by Sonic’s CTO Andre Cronje—former chair and technical advisor for Fantom—positions the blockchain as an attractive platform for innovation.
Speed and Migration Bolster Sonic’s Edge
Sonic’s standout feature is its impressive transaction finality time of just 720 milliseconds, achieved during its testnet phase. This efficiency places it in direct competition with high-speed chains like Solana and Base.
The Fantom Foundation has further incentivized the transition to Sonic by allocating $120 million in Fantom tokens to facilitate developer migration from Fantom to Sonic. Additionally, the establishment of the Sonic Foundation in May underscores efforts to ensure robust governance, treasury management, and the development of a thriving DeFi ecosystem.
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