Sonic Labs Launches Its EVM-Compatible Layer-1 Blockchain, Sonic Mainnet

The post Sonic Labs Launches Its EVM-Compatible Layer-1 Blockchain, Sonic Mainnet appeared on BitcoinEthereumNews.com.

Advertisement &nbsp &nbsp Sonic Labs announced today that it has officially launched Sonic mainnet, an EVM-compatible layer-1 blockchain platform featuring 10,000 transactions per second (TPS), sub-second finality, and a native, decentralized gateway to Ethereum. While the mainnet launch marks a notable milestone in the evolution of Sonic, developers can now leverage the platform to build the next generation of applications on unparalleled infrastructure and liquidity while enjoying attractive incentives. Sonic Builds on Fantom’s Momentum According to the announcement, Sonic was developed by the same team behind Fantom, a highly scalable blockchain platform for DeFi, crypto dApps, and enterprise applications. As such, the launch of Sonic and its S token marks a notable transition from Fantom and FTM via a one-to-one upgrade process. Notably, this allows existing FTM holders to start using Sonic seamlessly, as the platform revealed. It will facilitate the transition by offering a dedicated upgrade portal on MySonic that allows FTM holders to upgrade their FTM to S seamlessly on a one-to-one basis. Notably, holders can freely swap between FTM and S using the upgrade portal within 90 days after Sonic’s mainnet launch. However, holders can only upgrade from FTM to S when the period elapses. Advertisement &nbsp This impressive upgrade allows Sonic to leverage proven expertise to establish itself as a DeFi hub by revolutionizing developer incentives while providing users with smooth user experiences and access to vast amounts of liquidity. Michael Kong, CEO at Sonic Labs, expressed delight at the launch of the Sonic mainnet, saying; “We are proud to launch the new Sonic chain as the next evolution of Fantom, building on its impressive track record of nearly 100% uptime since 2019. Sonic is a revolutionary platform that prioritizes developers, empowering them to create applications with seamless user experiences while earning a share of network…