In December 2024, Fantom, a Layer-1 blockchain platform known for its EVM compatibility, officially rebranded to Sonic and launched its public mainnet. This move allowed users to convert Fantom’s native token, FTM, to Sonic’s native token, S, at a 1:1 ratio. The migration process was supported by various platforms, including Binance, which facilitated the FTM to S token swap in January 2025.
Sonic offers significant improvements over its predecessor, with the ability to process up to 10,000 transactions per second (TPS) and compatibility with major wallets such as Metamask, Rabby, and OKEx. In addition, Sonic integrates the USDC stablecoin through Sonic Gateway, making it easier for users to swap tokens and reduce liquidity fragmentation.
To encourage the adoption and migration of projects to this new ecosystem, the Fantom Foundation is allocating up to 200 million FTM tokens, equivalent to approximately $120 million, to support developers and strategic partners in the transition to the Sonic network. The funds are intended for native applications, strategic DApps, and infrastructure tools that contribute to the growth and development of the Sonic network. With these initiatives, Sonic has the potential to become a more efficient and attractive platform for developers and users, opening up new opportunities in the blockchain and decentralized finance ecosystem.
