Sonic Labs confirmed that its layer-1 [L1] blockchain, Sonic, is set to go live soon.
Background
- Sonic Labs announced that it achieved “Genesis" — marking the creation of the first block of transactions on its new blockchain
- Sonic is a speed-focused, Ethereum Virtual Machine (EVM)-compatible blockchain, designed to offer low latency, reduced transaction fees, and incentives for developers
- The blockchain is seen as a rebranding and upgrade of the Fantom Opera network, aimed at boosting performance and usability
- Sonic Labs’ efforts are supported by the Fantom Foundation, a non-profit dedicated to advancing Fantom’s decentralized finance ecosystem since 2019
- Ahead of its public mainnet launch, Sonic rolled out its upgraded testnet, Blaze, on December 1
- The team also took a snapshot for its S token airdrop on December 2
- Approximately 200 million S tokens will be airdropped and can be swapped 1:1 with Fantom tokens
Why should you pay attention?
- Sonic’s testnet achieved an impressive transaction finality time of 720 milliseconds, potentially placing it among the fastest EVM-compatible blockchains, alongside Solana and Base
- Developers will receive 90% of the network’s transaction fees, creating a highly attractive ecosystem for innovation
- Sonic’s proof-of-stake mechanism will allow token holders to stake their S tokens, offering additional utility
- The blockchain’s public launch could significantly impact the layer-1 blockchain space, given its focus on speed, incentives, and developer-centric features
Who said what?
- Sonic Labs announced the Genesis milestone, stating:
“Genesis achieved. Block zero. Infrastructure deploying. Public soon”
- Andre Cronje, Sonic’s CTO and former Fantom Chair, emphasized Sonic’s developer-focused model, noting that 90% of the network’s transaction fees are paid back to developers, positioning Sonic as the go-to blockchain for innovation
Zooming out
- Sonic’s rapid progress, including Genesis and the launch of its upgraded testnet Blaze, signals its readiness to enter the public blockchain market
- The airdrop of S tokens further strengthens community engagement ahead of the mainnet launch
- By prioritizing speed and developer incentives, Sonic aims to differentiate itself in an increasingly competitive layer-1 blockchain ecosystem
- As Sonic prepares to go live, it sets the stage to challenge existing players with its technological approach and high-performance capabilities
