The Sonic blockchain is a new, separate chain to the Fantom Opera network and users will soon be able to swap their FTM tokens for “S” tokens at a 1:1 ratio.
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The rumors around the alleged listing fees could drive projects to decentralized trading platforms.
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Andre Cronje, co-founder of Sonic and yearn.fi, criticized the growing trend of creating Ethereum Layer 2s designed and tailored for a specific protocol or decentralized finance app (Appchains). Cronje detailed that this approach had many downsides, including the lack of infrastructure, zero possibilities of receiving support, centralization, fragmentation of liquidity, and the lack of a […]
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While Cronje highlights concerns about L2 appchains, others argue that emerging solutions can address these challenges.
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This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. In this article, which was originally published in Q1 2024, writer Gaz of Blocmates thoroughly examines Fantom’s major upgrade, named Sonic. For more Blocmates content, read crypto […]
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Earlier this year, the blockchain project previously known as Fantom rebranded as Sonic Labs, generating significant buzz within the crypto community. Recently, Sonic Labs’ chief technology officer Andre Cronje showcased the network’s testnet performance, highlighting a transaction finality of 720 milliseconds. This achievement suggests the project could set a new standard as the fastest distributed […]
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Sonic could become the fastest blockchain by finality if it maintains this performance on the mainnet.
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The fund will be used for native application grants, strategic grants to decentralized applications, and the development of infrastructure tools for developers and users.
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As per technical data, the FTM market has turned overbought after rallying 230% in five weeks, with the coin’s momentum slowing down compared to the price boom.
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Fantom has previously pledged to cut its token burn rate by 75% to incentivize DApp development.
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