$S Sonic, formerly known as Fantom (FTM), is a layer 1 (Layer 1) blockchain focused on performance, scalability, and decentralized applications (dApps). Rebranded on January 16, 2025, Sonic uses a consensus mechanism based on a variant of Proof-of-Stake called Lachesis, integrated into a Directed Acyclic Graph (DAG) structure. This enables ultra-fast transactions (up to 400,000 TPS), finality in less than a second, and near-zero fees, while remaining compatible with Ethereum and Solana. The native token, S, is used for governance, staking, transaction fees, and incentives for validators. With a market capitalization of 1.48 billion USD (April 2025), Sonic ranks 68th among cryptocurrencies.
The migration from Fantom to Sonic aims to optimize scalability and interoperability, with improvements like SonicVM and SonicDB, while maintaining the DeFi and NFT ecosystem. The Total Value Locked (TVL) has surged to 730 million USD, reflecting growing adoption. However, the price of the S token has dropped by 40% in 2025, falling from 1.03 USD (ATH) to around 0.69 USD, due to slower adoption and a bearish market sentiment.
For the future, forecasts vary. Pessimistic analysts estimate that the price could drop to 0.07 USD by the end of 2025 in case of low adoption, while optimists, like Rendoshi Tokamoto, predict a peak at 10 USD, driven by Bitcoin's halving and the expansion of the ecosystem. In the long term (2030), Sonic could reach 2.70-20 USD if DeFi adoption and partnerships materialize, but market volatility and competition with Solana or Ethereum remain major challenges. In-depth research is crucial before any investment.