Sonic Labs today announced the launch of Sonic Mainnet, an EVM-compatible layer-1 blockchain platform that provides attractive incentives and robust infrastructure for developers.
The Sonic mainnet supports 10,000 transactions per second (TPS), sub-second finality, and provides a native decentralized Ethereum gateway, enabling developers to build next-generation applications on unparalleled infrastructure and liquidity.
Sonic is developed by the Fantom team, and its S token significantly surpasses Fantom and FTM in many aspects. Through a 1:1 upgrade process from FTM to S, existing FTM holders can seamlessly start using Sonic.
Sonic leverages proven expertise to establish itself as the hub of DeFi through a revolutionary developer incentive mechanism while providing users with a smooth user experience and abundant liquidity.
Fee Monetization: Developers First
Fee Monetization (FeeM) on Sonic rewards developers with up to 90% of the network fees generated by their applications, adopting a Web2 advertising revenue strategy similar to that popularized by platforms such as YouTube. While many blockchains offer limited developer incentives and focus primarily on value extraction, Sonic effectively solves this problem through its FeeM model.
“Recently, we’ve seen many new chains launch, especially centralized second-layer chains, where the founders pocket all network fees. This leaves developers out of the loop, forcing them to charge additional fees to users to generate revenue. FeeM solves this problem by encoding developer rewards directly into the chain, ensuring network fees are shared with developers from the start.” — Sam Harcourt, Head of Business Development, Sonic Labs
Developers on the Sonic Chain will receive a share of network fees based on the traffic and engagement their applications attract, providing a built-in mechanism for ongoing revenue.
Fantom to Sonic: Upgrade FTM to S
Fantom and its FTM tokens officially transitioned to Sonic and S tokens. Sonic Labs helps FTM holders seamlessly upgrade their FTM to S at a 1:1 ratio by providing a dedicated upgrade portal on MySonic.
“We are proud to launch the new Sonic Chain as the next evolution of Fantom, building on an exceptional track record of nearly 100% uptime since 2019. Sonic is a revolutionary platform that prioritizes developers, enabling them to create applications with smooth user experiences while earning a share of network fees.” - Michael Kong, CEO of Sonic Labs
During the first 90 days after the Sonic mainnet launch, holders can freely swap between FTM and S through the upgrade portal. After this period, holders will only be able to upgrade FTM to S.
Sonic Gateway: Secure, Decentralized Interoperability
As cross-chain activity increases, secure and trustless bridges become more important than ever. Traditional first- and second-layer bridging solutions often rely on centralized systems, exposing billions of dollars in potential losses.
Sonic Gateway solves these challenges by acting as a decentralized and trustless bridge between Ethereum and Sonic, providing:
Security: If the gateway fails within 14 days, the fault protection mechanism ensures that user funds can be recovered on Ethereum, ensuring asset security.
Speed: Asset transfers are efficiently batched (every 10 minutes from Ethereum to Sonic, and every hour in reverse). Fast Channels feature allows users to pay a small fee to bridge instantly.
Decentralization: Operated by Sonic’s validators on both chains, the gateway is as decentralized as Sonic itself, preventing centralized manipulation.
“To give users efficient and trustless control over their assets, we developed the Sonic Gateway, which provides liquidity from other platforms. Powered by our own validators and secured with failsafe mechanisms, the Gateway enables users and applications to safely leverage the benefits and incentives of bringing new liquidity to Sonic.” - Bernhard Scholz, Chief Research Officer, Sonic Labs
Sonic Labs will expand the gateway beyond Ethereum in the future, allowing direct, decentralized access to native assets from multiple blockchains.
Sonic Airdrop: Distributing S Tokens
To encourage network growth, Sonic Labs is distributing 190.5 million S tokens through an airdrop program for users and developers . The program includes two incentive structures:
Sonic Points: Reward end users for early adoption, asset holding, and overall engagement.
Sonic Gems: Reward developers for creating applications that drive user activity and innovation. Developers can convert Gems into S and share tokens with their users to incentivize continued usage.
About Sonic
Sonic is an EVM layer-1 platform that provides developers with attractive incentives and a strong infrastructure. The chain offers over 10,000 TPS, sub-second confirmation times, and a secure Ethereum gateway for enhanced liquidity and asset security.
For more information, users can visit Sonics official website and follow Sonic on Twitter .
