Sonic Labs Prepares Public Launch of L1 Blockchain

Sonic Labs has shared news of their upcoming public L1 network launch, following a key blockchain snapshot.

Following the launch of their Genesis block—the inaugural block of the blockchain—Sonic Labs (formerly Fantom) revealed that their Layer-1 network would soon be available for public use.

The announcement stirred excitement in the crypto community, drawing 420,000 views on X and driving a 30% increase in the value of FTM, the native token of Fantom.

FTM surged by 30% following the announcement of Sonic Labs’ Layer-1 launch. Source: tradingview.com

Sonic is an Ethereum Virtual Machine (EVM)-compatible blockchain that emphasizes speed, user incentives, and a robust infrastructure.

As the successor to the Fantom Opera network, Sonic has been rebranded to support broader goals of improving performance, reducing latency, and slashing transaction fees.

With a capacity for 10,000 transactions per second and a one-second confirmation time, Sonic seeks to set a new standard for high-performance blockchains.

On December 1, 2024, the project performed a blockchain snapshot to set the stage for rewarding its active users. Once the public network is operational, Sonic tokens (tickerl: “S”) will be pegged 1:1 to existing FTM tokens on the Fantom network.

The new blockchain will include Sonic Gateway, a cross-chain bridge linking to Ethereum. This bridge will provide access to Ethereum’s liquidity and user ecosystem, ensuring the platform retains high throughput and low transaction fees.