Invented almost a decade ago in 2008, the blockchain technology has painted changes that it can usher in different business areas. Initial application has been focussed on the financial sector including cryptocurrencies, digital payments, and financial securities for providing cross-border payments.
Research and development on blockchains, including their various applications, their scaling up and future development are underway.
In August 2024, Sonic Labs officially replaced Fantom, marking a major shift for the decentralised application (DApp) protocol. The rebranding was announced on its newly named X page, “Sonic Labs,” transitioning from the previous Fantom name.
Fantom blockchain platform announced its rebranding to Sonic Labs to launch EVM (Ethereum Virtual Machine) chain – a strategic move to launch an upgraded high-speed blockchain platform, Sonic. The EVM platform will enable fast digital asset settlements. In addition to providing developers and users with new chances and benefits, Fantom’s ‘rebirth’ as Sonic promises to lead in a new era in the blockchain industry.
Since the announcement, Fantom has been trending for introducing its users with features and developments, which has caused mixed feelings among users of the network.
What is Fantom?
Fantom is a smart contract platform with exceptional performance, with FTM as its native token. This project was created as a cutting-edge, highly effective blockchain platform. In addition to providing developers with competitive tools, it combines solutions that push the blockchain’s limits for speedy transactions.
It serves as a fast, scalable, and affordable infrastructure provider for hundreds of application partners.
Fantom is a crucial component of the Decentralised Finance (DeFi) ecosystem. It distinguishes itself as a trustworthy blockchain solution for both private and business customers. With a number of DeFi applications within its network, it has a solid position in the decentralised finance space.
What is Sonic Project?

In a way, Sonic can be viewed as a modernised Fantom. It is an EVM-based layer-1 blockchain platform that offers developers a robust infrastructure and alluring incentives, laying the groundwork for next-generation decentralised apps. It gives developers the flexibility to scale their apps without restrictions on storage capacity and offers better performance by giving customers a seamless and uninterrupted experience.
Holders of FTM can now switch to Sonic to obtain ‘S’ tokens, native token of Sonic network. A windfall of 190 million ‘S’ tokens or 6% of the entire supply or $260 million, is provided to both active and passive users.
According to Sonic Labs CEO Micheal Kong, Sonic represents the hardware of over two and a half years, designed to optimise the Opera Chain.
It attracts attention with 10,000 transactions per second (TPS) capability, offering finality in less than a second. Additionally, compared to Fantom, more efficient data handling is possible with its sophisticated storage solution.
What is ‘S’ Token Used for?
The change from Fantom to Sonic Labs also entails the use of a new token, S, which will be in the place of FTM. Sonic Labs aims to spread this token through airdrop, staking, and incentive programs.
The ‘S’ token serves a variety of functions including managing the Sonic project and protecting network and gateway, influencing its future and paying transaction fees. It also takes part in staking procedures, and receiving distributions during airdrop events. Tokens will vest over nine months following the airdrop.
By scaling operations, implementing marketing efforts, and creating DeFi engagement campaigns, this method aims to boost its global presence and adoption along with expanding its team.
Goal of Rebranding
The goal of Sonic’s rebranding initiative is the launch of the EVM chain which can complement the project’s long standing achievements with new skills. The objective is to improve its competitive position in the blockchain industry and advance the current technological infrastructure.
Initially, Sonic is expected to be a very efficient layer-1 solution with more than 10,000 TPS and one-second conformation that will process the transaction quickly and effectively.
Now, the blockchain industry has a new benchmark thanks to Sonic’s new cost and performance requirements. Sonic is now considered as the fastest and efficient settlement layer for digital assets because of its new features and faster development.
Sonic Labs hopes to provide an alluring blockchain service to both current and prospective consumers with calculated actions. With these extensive adjustments, Sonic improves its standing in the market by offering its customers with a more adaptable, faster, and affordable transaction experience.
Advantages of Rebranding
With its rebranding, Sonic has brought about technology advancements that could also highlight significant benefits and investment prospects. The platform may grow its user base and generate greater transaction volumes because of the improved transaction speed and capacity. The value of the token may eventually benefit from this.
Reduced transaction costs may increase platform preference among users and boost market activity. Besides, Sonic’s ongoing innovation and leadership in the industry will help investors establish lasting value in the blockchain space and make it stand out as a secure investment option over time.
Conclusion
The new name of Sonic as an entity owned by Fantom represents a progressive attempt at redefining blockchain speed and scalability. Sonic delivers a new standard for the industry having built faster transaction speeds alongside offering innovative and refined features.
The launch of a ‘S’ token as well as the goal of performing operations swiftly and effortlessly indicate that there is a priority to provide true meaning for developers, users and investors. There are many fascinating prospects of growth and implementation placed by Sonic Labs while optimising the possibilities of becoming a key player in the blockchain industry.
Sonic Labs’ rebranding from Fantom marks a bold step forward, reflecting a strategic shift to enhance growth and innovation. The new identity and plans signal a promising future for the decentralised application space.
Sonic Labs, the team behind the highest-performing EVM L1 blockchain Sonic, announced the launch of the Sonic DeFAI Hackathon, in partnership with DoraHacks, a global hackathon organizer, and Zerebro, an autonomous AI agent.
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