Sonic mainnet officially launched: EVM L1 that can achieve sub-second transactions, TPS up to 10,000

Author: Sonic

Compiled by: Shenchao TechFlow

Sonic Labs officially launches the Sonic mainnet, an EVM-compatible first-layer blockchain platform designed to provide developers with powerful infrastructure and attractive incentive mechanisms.

The Sonic mainnet supports 10,000 transactions per second (TPS) and achieves sub-second transaction confirmation. It also has a decentralized gateway function that seamlessly connects to Ethereum. Through these technical features, Sonic provides developers with unprecedented infrastructure support and liquidity to help them build the next generation of decentralized applications (DApps).

Sonic is built by the development team behind Fantom and offers significant upgrades to Fantom and FTM through its native token S. Existing FTM holders can easily transition to the Sonic platform and start using its features through a one-to-one token upgrade mechanism.

Sonic leverages its mature technical capabilities to establish its core position in the field of decentralized finance (DeFi) by innovating the developer incentive mechanism while bringing users a smooth experience and abundant liquidity resources.

Revenue Sharing Mechanism: Developers First

The fee sharing mechanism (Fee Monetization, FeeM) launched by Sonic provides developers with up to 90% of network fee sharing. This model draws on the advertising revenue strategies of Web2 platforms such as YouTube. Unlike many blockchains that only provide limited developer incentives and focus mainly on value extraction, Sonic's FeeM model fundamentally solves this problem.

“In recent years, we have seen many new chains come online, especially some centralized Layer 2, whose founding teams monopolize all network fee revenue. This model excludes developers and forces them to obtain revenue by charging additional fees to users. "The FeeM model ensures that developers can share network fees from the beginning by writing the developer reward mechanism directly on the chain." - Sam Harcourt, head of business development at Sonic Labs.

On the Sonic platform, developers can earn a share of network fees based on the user traffic and engagement their apps attract. This mechanism provides developers with a built-in, sustainable revenue stream while significantly reducing user costs.

From Fantom to Sonic: FTM upgrades to a new stage of S

Fantom and its token FTM have officially entered the upgrade stage, transitioning to the new Sonic platform and its native token S. Sonic Labs has specially launched an upgrade portal MySonic for this purpose, through which FTM holders can easily upgrade FTM to S in a one-to-one manner.

"We are excited to launch the new Sonic Chain as the next major upgrade for Fantom. This platform builds on Fantom's nearly 100% uptime record since 2019 and is a revolutionary platform with developers at its core. Sonic not only helps developers build smooth user experiences, but also allows them to share network costs." - Michael Kong, CEO of Sonic Labs.

Within the first 90 days after the Sonic mainnet goes online, FTM holders can freely redeem FTM and S through the upgrade portal. After 90 days, users will only be able to upgrade from FTM to S.

Sonic Gateway: Secure and decentralized cross-chain interoperability

With the rapid growth of cross-chain activity, secure and trustless bridging solutions have become critical. However, traditional first- and second-layer bridging methods often rely on centralized systems, which may lead to the risk of huge asset losses.

Sonic Gateway solves this problem through a decentralized design, serving as a bridge between Ethereum and Sonic, providing the following core functions:

• Security: If the gateway fails to function within 14 days, users can withdraw their funds on Ethereum, thus ensuring the safety of their assets.
• Efficient transmission: Asset transfers are processed in batches, from Ethereum to Sonic every 10 minutes, and in reverse every hour. At the same time, the "Quick Lane" function allows users to pay a small fee to achieve instant bridging.
• Decentralized operation: The gateway is run by Sonic's verifiers on both chains, maintaining decentralization like the Sonic platform and eliminating the risk of centralized control.

“To allow users to securely and trustlessly control their assets, we developed Sonic Gateway. This tool not only provides liquidity from other platforms, but also ensures security through validators and failsafe mechanisms, allowing users and applications to Be able to fully enjoy the benefits of cross-chain liquidity” - Bernhard Scholz, Chief Research Officer of Sonic Labs.

In the future, Sonic Labs plans to expand the gateway to other blockchains beyond Ethereum to provide users with direct, decentralized access to more blockchain-native assets.

Sonic Airdrop: S Token Incentive Program

In order to promote the rapid development of the network, Sonic Labs will distribute 190.5 million S tokens through the airdrop program. The plan is open to users and developers and includes the following two incentive methods:

• Sonic Points: Reward early adopters, asset holders, and active users.
• Sonic Gems: Reward developers for creating apps that engage users and drive innovation. Developers can convert Gems into S and distribute some of the tokens to users to incentivize continued use.