Sonic Labs (ex FTM)
Sonic Labs is a high-performance, compatible EVM-layer blockchain 1 reimagined from Fantom Network. It uses consensus based on DAG and proof-of-stake mechanisms, processing up to 400,000 transactions per second and achieving sub-second finality. Sonic introduces developer-friendly features such as a fee monetization program, allowing developers to earn up to 90%of the transaction fees generated by their applications. Its native token can be used to pay transaction fees, stake, and participate in governance. Sonic Gateway provides a decentralized bridge to Ethereum, ensuring secure and efficient cross-chain asset transfers.
Overview
Sonic Labs is a high-performance, compatible EVM-layer blockchain 1 reimagined from Fantom Network. It uses consensus based on DAG and proof-of-stake mechanisms, processing up to 400,000 transactions per second and achieving sub-second finality. Sonic introduces developer-friendly features such as a fee monetization program, allowing developers to earn up to 90%of the transaction fees generated by their applications. Its native token can be used to pay transaction fees, stake, and participate in governance. Sonic Gateway provides a decentralized bridge to Ethereum, ensuring secure and efficient cross-chain asset transfers.
- Sector
- # Other
- Ecosystem
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Team
Team information has not been disclosed.
Funding history
1 disclosed rounds- Strategic
10,000,000 USD
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