**Fantom (FTM) Token Soars Amid Upcoming Sonic Upgrade**

Fantom's native token, FTM, has seen a remarkable surge, climbing 71% over the past 30 days to $0.6850 as of Oct. 2. This rally, which began on Sept. 6, saw FTM hit a four-month high of $0.7642 on Oct. 1. Trading volumes have skyrocketed, reaching $450 million on Oct. 1, a 450% increase over the last month.

The buzz is largely due to the upcoming Sonic upgrade, expected by year-end. This upgrade promises to enhance the network's performance, boosting transaction speeds to over 2,000 TPS. Additionally, the Fantom Foundation has rebranded to Sonic Labs, with plans to migrate FTM tokens to a new $S token by the end of 2024.

Investor interest is also reflected in Fantom’s DeFi ecosystem, with the total value locked (TVL) rising 55% last month to $108.8 million. Daily active addresses on the network have surged 162%, signaling growing user interaction and demand for FTM.

Stay tuned as Fantom gears up for these exciting changes!