JAKARTA - Sonic Labs, the developer behind the Sonic crypto project, will soon launch its native token, Sonic S, which will replace FTM from Fantom at 1:1. The token is scheduled to debut in January 2025 on 13 leading exchanges such as Binance and Bybit.
This transition occurred after the Sonic mainnet, which is compatible with Solana Virtual Machine (SVM) and Ethereum Virtual Machine (EVM), was officially launched on December 13, 2024.
With claims to become a high-performance blockchain, Sonic is developed to handle 10,000 transactions per second with a block finality of less than a second. The advantages of this technology are expected to attract developers and users of dApps, especially in the growing gaming sector.
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Sonic is trying to replace FTM in the crypto market by offering a more sophisticated blockchain infrastructure, where token S will become the center of this entire ecosystem.
Even though the Sonic S token replaces the FTM, the Fantom network will not be closed. Currently, Fantom is still active with a total value locked (TVL) of more than US$168 million (Rp2.72 trillion), according to data from Defilama.
Meanwhile, the Sonic S token will play a catalyst to encourage further adoption in the Sonic ecosystem. With a total supply of 3.175 billion tokens, Sonic Labs has prepared 190.5 million tokens for incentives for further participation and development.
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