The Sonic# project is a recent development in the blockchain world, arising from the restructuring of the previous Fantom network.
This project aims to present a first-layer blockchain network characterized by high speed, significant scalability, and integration with the Ethereum Virtual Machine (EVM), making it suitable for decentralized finance (DeFi) applications and web 3 applications.
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⚙️ Technical overview of the Sonic project
Transition from Fantom to Sonic: In August 2024, the Fantom Foundation announced the renaming of its network to Sonic, introducing significant infrastructure improvements and offering a new economic model.
Network performance: Sonic claims to be capable of processing up to 400,000 transactions per second with near-instant confirmation, thanks to the use of DAG and a proof-of-stake (PoS) mechanism.
Native token (S): The S token was launched in January 2025, with the possibility of converting FTM tokens to S at a 1:1 ratio during the first six months. It is used for transaction fees, governance, and storage.
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💰 Tokenomics and rewards
Initial distribution: 3.175 billion S tokens were issued, with 1.5% allocated annually for expansion.
FeeM Program: Grants developers up to 90% of the transaction fees generated by their applications.
Ethereum Bridge: Sonic Gateway provides a secure bridge between Sonic and Ethereum.
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🌐 Ecosystem and applications
Silo Finance: A lending protocol that provides isolated financial markets.
BEETS: A platform that provides liquidity storage and services.
Shadow Exchange: A decentralized trading platform that distributes transaction fees to SHADOW token holders.
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📈 Currency performance and price forecasts
Current price: $0.53312
Market capitalization: $1.70 billion
Price forecast for 2025: between $0.39 and $0.98
Price forecast for 2028: could reach $1.32
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🎯 Summary
Sonic represents an advanced step towards improving first-layer blockchain networks, focusing on high performance and incentivizing developers. It may be a promising option for those interested in DeFi projects.
For more:
Official website: https://sonic.ooo