Sonic Network

Sonic Network is a layer-1 blockchain built for speed, security, and scalability. Offering a secure gateway to Ethereum, it is designed as the fastest settlement layer for digital assets, with over 10,000 TPS and near-instant confirmation times. This high-performance infrastructure provides developers with the tools and incentives needed to build innovative projects.

Scheduled to launch in December 2024, Sonic Labs (formerly Fantom Foundation) oversees the network's development and expansion. The native token of Sonic, $S, powers the ecosystem, used for transaction fees, staking, governance participation, and running validators.

At launch, the total supply of $S tokens will match the 3.175 billion total supply of FTM, with a 1:1 conversion ratio for users holding FTM to convert to $S. Additionally, to incentivize activity on both the Opera and Sonic chains, Sonic Labs is planning an airdrop of ~200 million $S tokens, aimed at engaging users and developers alike.