Sonic Labs Launches Sonic Mainnet: EVM Compatible, Provable 10,000 TPS and Sub-Second Finality

Sonic Labs today announced the launch of Sonic Mainnet, an EVM-compatible layer-1 blockchain platform that provides developers with attractive incentives and robust infrastructure.

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 program.

Developed by the Fantom team, Sonic’s S tokens significantly surpass Fantom and FTM in several aspects. Existing FTM holders can seamlessly start using Sonic through the 1:1 upgrade process from FTM to S.

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

Fee Monetization: Developers First

Fee Monetization (FeeM) on Sonic rewards developers with up to 90% of the network fees generated by their apps, using a strategy similar to Web2 ad revenue popular on platforms like YouTube. While many blockchains offer limited developer incentives and focus primarily on value extraction, Sonic effectively solves this problem through its FeeM model.

“Recently, we have seen the launch of many new chains, especially centralized second-layer chains where the founders pocket all network fees. This leaves developers out of the equation, forcing them to charge users additional fees to gain revenue . FeeM solves this problem by encoding developer rewards directly into the chain, ensuring that network fees are shared with developers from the beginning." - 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.

Fantom to Sonic: Upgrading FTM to S

Fantom and its FTM token have officially transitioned to Sonic and S tokens. Sonic Labs helps FTM holders seamlessly upgrade their FTM to S at a 1:1 ratio by providing a dedicated upgrade portal on MySonic.

“We are proud to launch the new Sonic Chain as the next evolution of Fantom, building on a stellar track record of nearly 100% uptime since 2019. Sonic is a revolutionary platform that prioritizes developers, enabling them to Create apps with a smooth user experience while getting a share of network fees." -Michael Kong, CEO of Sonic Labs.

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

Sonic Gateway: Secure, decentralized interoperability

As cross-chain activity increases, secure and trustless bridges are more important than ever. Traditional Layer 1 and Layer 2 bridging solutions often rely on centralized systems, exposing them to billions of dollars in potential losses.

Sonic Gateway solves these challenges as a decentralized and trustless bridge between Ethereum and Sonic, providing:

• Security: If the gateway fails within 14 days, the failsafe mechanism ensures that user funds can be restored on Ethereum, ensuring asset safety.

• Speed: Efficient batching of asset transfers (Ethereum to Sonic every 10 minutes and reverse every hour). The fast lane feature allows users to pay a small fee to be bridged immediately.

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

“To give users efficient and trustless control over their assets, we developed the Sonic Gateway, providing liquidity from other platforms. Powered by our own validators and secured with failsafe mechanisms, the Gateway empowers users and applications Programs can safely take advantage of the benefits and incentives of bringing new liquidity to Sonic” - Bernhard Scholz, Chief Research Officer, Sonic Labs.

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

Sonic Airdrop: Distribute S Tokens

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

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

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

About Sonic

Sonic is an EVM layer-1 platform that provides developers with attractive incentives and powerful infrastructure. The chain offers over 10,000 TPS, sub-second confirmation times, and a secure Ethereum gateway for enhanced liquidity and asset security.

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