$S Sonic in the context of cryptocurrencies refers to a layer 1 blockchain called Sonic, successor to Fantom Opera, and to an AI platform called Smart Agent Hub, developed in collaboration with Injective. Additionally, there is a layer 2 blockchain of Solana called Sonic, focused on web3 gaming and powered by AI.
Sonic (layer 1 blockchain):
Replacement for Fantom: Sonic is the new layer 1 blockchain that replaces Fantom Opera, aiming to improve speed and efficiency.
EVM Compatible: It is compatible with the Ethereum Virtual Machine (EVM), facilitating the migration of existing projects.
Speed and Scalability: Sonic focuses on providing high speed and scalability, with a Proof of Stake (PoS) consensus mechanism.
Token S: The native token of the Sonic chain is "S".
Genesis Achieved: Sonic has already achieved "Genesis", marking the start of its main chain.
Public Launch: The Sonic blockchain is expected to be publicly available soon.
Support from Fantom Foundation: It has the support of the Fantom Foundation, which has been developing the Fantom ecosystem since 2019.
Test Network: Sonic has introduced an enhanced version of its testnet called "Blaze".
