Sonic Labs Splits From Fantom Network, Announces New Layer-1 Blockchain Will Go Live ‘Soon’

Sonic Labs, a layer-2 blockchain project that is a split off of the Fantom network, announced that its new blockchain will go live “soon” after it

Sonic Labs, a layer-2 blockchain project that is a split off of the Fantom network, announced that its new blockchain will go live “soon” after it recently produced its first block of transactions.

“Genesis achieved. Block zero. Infrastructure deploying. Public soon,” the project said in a Dec. 2 X post.

The new Sonic mainnet is a successor to the Fantom Opera network. This rebranding to Sonic will include enhanced network performance, reduced latency and much lower transaction fees.

The move toward the public mainnet launch follows shortly after Sonic Labs unveiled its “testnet 2.0” called Blaze on Dec. 1. Blaze comes with compatibility for the Ethereum Virtual Machine (EVM), and saw “incredible performance enhancements,” according to a statement released in late November.

Ultimately, Sonic aims to achieve sub-second finality as well as set a precedent for high-performance in the Web3 space with 10,000 transactions per second. During its first 221,000 blocks, the Blaze testnet posted an average block time of 1.17 seconds and a transaction finality of 0.85 seconds.

This past Sunday, Sonic Labs shared that it has taken the “snapshot’ for its upcoming airdrop. Once the Sonic layer-1 mainnet has launched, the network’s native token will use the ticker $S. These new tokens can then also be traded on a 1:1 ratio with Fantom’s current FTM tokens.

Along with the launch of the Sonic mainnet, the project will deploy an Ethereum bridge called the Sonic Gateway as well. This tool will enable the new platform to leverage Ethereum’s deep liquidity while simultaneously maintaining its high speeds and low transaction costs.

There will also be a shared sequencer within the Sonic ecosystem, which will allow the network to produce and secure blocks from multiple rollups.