Sonic is an EVM-compatible L1 blockchain delivering users over 10,000 TPS and sub-second transaction finality. It is a rebranded name of the quite famous and old Fantom chain, founded in 2018.
It is powered by the native $S token, replacing the old $FTM coin with a 1:1 ratio conversion rate, inheriting all the tokenomics structure from the Fantom crypto token.
Since its launch in 2024, Sonic Labs has managed to raise from Hashed, Softbank, Signum Capital, and some other angel investors.
