Sonic Labs launches Sonic mainnet: EVM compatible, verifiable 10,000 TPS and sub-second finality

Sonic Labs today announced the launch of the Sonic Mainnet, an EVM-compatible layer one blockchain platform that offers attractive incentives and robust infrastructure for developers.

The Sonic Mainnet supports 10,000 transactions per second (TPS), sub-second finality, and provides a native decentralized Ethereum gateway, enabling developers to build next-generation applications on unparalleled infrastructure and liquidity.

Sonic is developed by the Fantom team, and its S token significantly surpasses Fantom and FTM in multiple aspects. Through a 1:1 upgrade process from FTM to S, existing FTM holders can seamlessly start using Sonic.

Sonic leverages proven expertise to establish itself as a DeFi hub through a revolutionary developer incentive mechanism, while providing users with a smooth experience and rich liquidity.

Fee Monetization: Developer First

Fee monetization on Sonic (Fee Monetization, FeeM) rewards developers with up to 90% of the network fees generated by their applications, adopting a strategy similar to the popular Web2 advertising revenue models used by platforms like YouTube. While many blockchains offer limited developer incentives and primarily focus on value extraction, Sonic effectively addresses this issue through its FeeM model.

"Recently, we have seen the launch of many new chains, especially centralized layer two chains, where founders pocket all network fees. This excludes developers and forces them to charge users extra fees to generate revenue. FeeM solves this problem by directly encoding developer rewards into the chain, ensuring that network fees are shared with developers from the start." ------ Sam Harcourt, Head of Business Development at Sonic Labs

Developers on the Sonic chain will receive a share of network fees based on the traffic and engagement their applications attract, providing a built-in mechanism for ongoing revenue.

From Fantom to Sonic: Upgrading FTM to S

Fantom and its FTM token are officially transitioning to Sonic and the S token. Sonic Labs is assisting FTM holders in seamlessly upgrading FTM to S at a 1:1 ratio through a dedicated upgrade portal on MySonic.

"We are proud to launch the new Sonic chain as the next evolution of Fantom, based on an outstanding track record of nearly 100% uptime since 2019. Sonic is a revolutionary platform that prioritizes developers, enabling them to create applications with a smooth user experience while earning a share of network fees." ------ Michael Kong, CEO of Sonic Labs

During the first 90 days after the launch of the Sonic Mainnet, holders can freely swap between FTM and S through the upgrade portal. After this period, holders will only be able to upgrade FTM to S.

Sonic Gateway: Secure, Decentralized Interoperability

As cross-chain activity increases, secure and trustless bridges have become more important than ever. Traditional layer one and layer two bridging solutions often rely on centralized systems, facing the risk of potential losses in the billions.

The Sonic Gateway serves as a decentralized and trustless bridge between Ethereum and Sonic, addressing these challenges by providing:

• Security: If the gateway fails within 14 days, a fail-safe mechanism ensures that user funds can be recovered on Ethereum, guaranteeing asset safety.

• Speed: Asset transfers are efficiently batched (every 10 minutes from Ethereum to Sonic, hourly in the reverse direction). A fast-track feature allows users to pay a small fee for immediate bridging.

• Decentralization: Operated by validators from Sonic on both chains, the gateway is as decentralized as Sonic itself, preventing centralized manipulation.

"To enable users to effectively and trustlessly control their assets, we developed the Sonic Gateway, providing liquidity from other platforms. Supported by our own validators and secured through a fail-safe mechanism, the gateway allows users and applications to safely leverage the benefits and incentives of bringing new liquidity to Sonic." ------ Bernhard Scholz, Chief Research Officer at Sonic Labs

Sonic Labs plans to expand the gateway beyond Ethereum in the future, allowing direct and decentralized access to native assets across multiple blockchains.

Sonic Airdrop: Distributing S Tokens

To encourage network growth, Sonic Labs is distributing 190.5 million S tokens through an airdrop program for users and developers. The program includes two incentive structures:

• Sonic Points: Rewards early adoption, asset holding, and overall participation for end users.

• Sonic Gems: Rewards developers for creating applications that drive user activity and innovation. Developers can convert gems into S and share tokens with their users to incentivize continued usage.

About Sonic

Sonic is an EVM layer one platform that offers attractive incentives and robust infrastructure for developers. The chain provides over 10,000 TPS, sub-second confirmation times, and a secure Ethereum gateway to enhance liquidity and asset safety.

For more information, users can visit Sonic's official website and follow Sonic's Twitter.