Sonic Labs Launches the Sonic Mainnet, an EVM-compatible Layer-1 Blockchain Platform

Sonic Labs has officially launched the Sonic Mainnet, an EVM-compatible layer-1 blockchain platform that provides powerful infrastructure and attractive incentives for developers.

Sonic Labs has officially launched Sonic Mainnet, an EVM-compatible layer-1 blockchain platform that provides powerful infrastructure and attractive incentives for developers.

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 is a significant upgrade 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 has leveraged its mature technical capabilities to establish its core position in the decentralized finance (DeFi) space by innovating developer incentives while providing users with a smooth experience and abundant liquidity resources.

Revenue sharing mechanism: developers first

Sonic's Fee Monetization (FeeM) provides developers with up to 90% of network fees, a model that draws on the advertising revenue strategy 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 2s, whose founding teams monopolize all network fee income. This model excludes developers and forces them to earn income by charging additional fees to users. The FeeM model ensures that developers can share network fees from the beginning by writing a 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 applications attract. This mechanism provides developers with a built-in, sustainable source of income 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 phase, transitioning to the new Sonic platform and its native token S. Sonic Labs has 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 of Fantom. This platform builds on Fantom’s almost 100% uptime record since 2019 and is a revolutionary platform with developers at its core. Sonic not only helps developers build a smooth user experience, but also enables them to share in network fees.” - Michael Kong, CEO of Sonic Labs

During the first 90 days after the Sonic mainnet launch, FTM holders can freely exchange 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 activities, secure and trustless bridging solutions have become essential. However, traditional first-layer and second-layer bridging methods usually rely on centralized systems, which may lead to the risk of huge asset losses.

Sonic Gateway solves this problem through a decentralized design. As a bridge between Ethereum and Sonic, it provides the following core functions:

“We developed the Sonic Gateway to give users secure and trustless control of their assets. This tool not only provides liquidity from other platforms, but also ensures security through validators and fail-safe mechanisms, allowing users and applications to fully enjoy the benefits of cross-chain liquidity.” - Bernhard Scholz, Chief Research Officer, Sonic Labs

In the future, Sonic Labs plans to expand the gateway to other blockchains beyond Ethereum, providing 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 an airdrop plan. The plan is aimed at users and developers and includes the following two incentive methods: