The blockchain innovation space moves fast, and Fantom is taking an enormous step ahead. Friend of Token here to tell you about Fantom’s awesome new rebrand to “Sonic.” This change represents an enormous improvement in speed, scalability and general performance. This article will explore the most important aspects of Sonic. Find out what all the excitement is about and how you can dive in and explore this exciting new ecosystem today!

Understanding Fantom's Transformation to Sonic

Fantom’s transition to Sonic is a big step forward in its goal of establishing a thriving blockchain ecosystem. The developers are already working on the network’s capabilities to handle a 100x larger transactions volume. They are dedicated to ensuring that the processes are both speedy and secure. This is particularly important for decentralized applications (dApps) and DeFi platforms where users are constantly demanding rapidity and seamless consistency. The rebrand has meant more than just a new name. It’s an opportunity to deepen our commitment to innovation and show that we are ready to lead in the use of blockchain technology.

Sonic’s new abilities are specifically aimed to overcome the shortcomings of today’s blockchain generations. Sonic ventures to greatly increase transaction throughput. This improvement will provide a more cohesive and developer-friendly experience for everyone. There’s more to this upgrade than the speed. It is an effort to build out a more robustly engineered and scalable foundation for the future of decentralized applications. As Sonic is released, the transition strengthens Fantom’s position in the competitive blockchain landscape. The potential it has to greatly improve user experience and developer opportunity is even more exciting.

At the heart of this upgrade lies the hope of much more rapid transaction speeds. Sonic has the capacity to handle over 10,000 TPS with full 1-block finality. Others assert that speeds exceed 20,000 TPS. Still, even the base level estimate would represent a marked improvement on the original Fantom’s estimated 10,000 TPS. This speed boost means quicker transaction confirmations, less congestion, and a more nimble network ultimately.

Key Features of Fantom Sonic

Sonic launches with a few cornerstone features intended to make blockchain more approachable. These features include improved speed, the SonicVM, and FeeM (Fee Monetization). All of these features are imperative to Sonic’s competitive edge. They make the platform more attractive to users and developers, creating a self-reinforcing cycle of growth.

Enhanced Speed and Scalability

The biggest improvement of all is the network’s pace. The added TPS allows transactions to be processed in seconds instead of minutes, increasing confidence and improving user experience. This is particularly important for use cases that require quick and consistent transactions. Decentralized exchanges (DEXs) and payment marketplaces are perfect case studies for these use-cases.

Fantom network’s near-instant finality means the payments are almost instant, typically around one second. High throughput and low costs (approximately $0.0000001) as well as the nature of the FTM token itself, make it ideal for transferring funds. Fantom’s low fees strongly disincentivize attacks. By requiring high costs for entry, the platform can help shield itself from bad actors.

SonicVM

FeeM gives developers a unique opportunity to earn up to 90% of the transaction fees their dApps produce. This creates developers’ incentives to build and deploy high-quality applications on the Sonic network, establishing a prosperous ecosystem. FeeM provides developers with their very own direct revenue stream. This policy makes developing on Fantom much more attractive than on other chains.

Fee Monetization (FeeM)

To further promote the adoption of this new Sonic chain, Fantom is launching the “Sonic Boom”, a liquidity mining program. This new airdrop program will release a staggering 190,500,000 S tokens! This program aims to reward users of both the original Opera chain and the new Sonic chain, encouraging participation and growth within the ecosystem.

The "Sonic Boom" and DeFi Opportunities

Beyond the airdrop, Sonic has incredible potential to be a leading player in the DeFi ecosystem. Users have access to a wide range of strategies to earn potential yields on assets of over 90% APY. Some of these strategies include:

Realizing the potential Unpacking these DeFi opportunities gives users unprecedented ways to earn passive income in novel fashions. Sign up today to help shape the future of the Sonic ecosystem!

  • Silo V2 Loop Lending
  • Euler + Rings Protocol
  • Shadow DEX Liquidity Provision

Here's a general guide on how to get started with the new Sonic ecosystem:

Getting Started with Fantom Sonic

Here are some additional tips:

  1. Stay Updated: Keep an eye on official Fantom channels for announcements and updates regarding the Sonic migration and token swap.
  2. Prepare Your Wallet: Ensure your wallet is compatible with the new Sonic chain. You may need to add the Sonic network to your wallet configuration.
  3. Participate in the Airdrop: Follow the instructions provided by the Fantom team to claim your share of the "Sonic Boom" airdrop.
  4. Explore DeFi Opportunities: Research and explore the various DeFi strategies available on the Sonic network to maximize your potential returns.

Sonic upgrade is a major upgrade for blockchain platform Fantom. With its increased speed, innovative features like FeeM, and attractive DeFi opportunities, Sonic has the potential to attract a wider range of users and developers. Input to Output of the original smartQuote Through a combination of case studies and research, they’ll provide the necessary insights and analysis to guide us through this exciting new ecosystem.

  1. Connecting the Fantom to a computer: Download Fantom driver software from Roland's website, connect it to the computer, and then change the USB settings.
  2. Setting up the Fantom: Refer to the Roland Fantom Setup Guide for a step-by-step guide on how to get up and running with the Roland Fantom.
  3. Downloading and installing drivers: Visit the Roland Fantom Driver download page to download the necessary drivers.
  4. Updating the Fantom OS: Watch the video on how to update the Fantom to version 2.0 or 2.1 and install Model Expansions.
  5. Learning the basics: Watch introductory videos on the Fantom's modes, such as the Scene section, and learn about the different sections of the Fantom, including the Synthesizer, Sampler, and Sequencer.

Fantom's Sonic upgrade represents a significant step forward for the blockchain platform. With its increased speed, innovative features like FeeM, and attractive DeFi opportunities, Sonic has the potential to attract a wider range of users and developers. Friend of Token will continue to monitor and report on the progress of Sonic, providing insights and analysis to help navigate this exciting new ecosystem.