Sonic is an EVM-compatible L1 blockchain delivering users over 10,000 TPS and sub-second transaction finality. It is a rebranded name of the quite famous and old Fantom chain, founded in 2018.
It is powered by the native $S token, replacing the old $FTM coin with a 1:1 ratio conversion rate, inheriting all the tokenomics structure from the Fantom crypto token.
Since its launch in 2024, Sonic Labs has managed to raise $10M from Hashed, Softbank, Signum Capital, and some other angel investors.
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Sonic is a rebranded blockchain launched in 2018 EVM-compatible L1 - Fantom network aiming to reach over 10,000 TPS. It aims to establish a robust environment for web3 developers to build on its network, offering fast and cheap transactions while incentivizing them with multiple funding and fee monetization programs.
It is powered by the native $S token which will have the same utility and token economy of the old $FTM coin as $FTM holders will be able to convert their holdings into $S with a 1:1 ratio.
In honor of Sonic's rebranding, it launched a testnet and quest campaign, aiming to airdrop 6% of the total $S supply, worth around $141M to users.
<a href="https://coinlaunch.space/projects/sonic-labs/" title="Sonic Labs (ex. Fantom Chain) (S)" target="_blank"><img src="https://coinlaunch.space/media/widgets/0/sonic-labs.png" width="224" alt="Sonic Labs (ex. Fantom Chain) (S)"></a>