Fantom Sonic is about to launch: a sub-second trading network that goes beyond Layer 2

Recently, the established cryptocurrency project FTM has once again attracted the attention of investors. In March, the price of FTM skyrocketed by 150%, and in the past week, it rose against the trend by 30%, far surpassing the performance of Bitcoin and Ethereum. The strong comeback of FTM can be attributed to two main reasons: first, the powerful promotion by Andre Cronje, director of the Fantom Foundation, has injected new vitality into the project; second, the upcoming launch of Fantom Sonic has sparked positive market expectations. Cronje stated that Sonic will surpass "parallel EVM", igniting a disruptive revolution that further boosts investor confidence.

The Development History of Fantom

Fantom was founded by Ahn Byung in January 2018 and later taken over by Michael Kong. The project aims to address the balance between blockchain scalability, security, and decentralization. In September 2018, Andre Cronje joined Fantom as a DeFi architect, making significant contributions to the project's technological breakthroughs.

Fantom adopts a DAG-based aBFT consensus mechanism called Lachesis, achieving instant transaction completion and high security. In 2019, Fantom launched its EVM-compatible Opera mainnet, enabling seamless migration of Ethereum DApps. However, in 2022, the news of Andre Cronje temporarily leaving the DeFi industry had a huge impact on FTM, compounded by the bear market that significantly decreased FTM's price.

Until the beginning of this year, Andre Cronje frequently released updates on the Fantom ecosystem, reigniting investor enthusiasm. FTM has risen nearly 200% this year. Meanwhile, Fantom has also made significant breakthroughs in technology and is about to launch the Fantom Sonic upgrade.

Core Features of Fantom Sonic

Fantom Sonic is the latest technological upgrade of the Fantom network, aimed at enhancing network scalability and efficiency. Key innovations include:

1. Fantom Virtual Machine ( FVM ): Provides a more efficient environment for smart contract execution.

2. Carmen Database: Reduces storage requirements by 90% and improves data management efficiency.

3. Optimized Lachesis consensus mechanism: Accelerates transaction confirmation and improves network throughput.

4. High throughput and low latency: The theoretical trading limit exceeds 2000 transactions per second, with an average finalization time of 1 second.

5. Smooth Upgrade: Fully compatible with the existing FantomOpera.

The release of Sonic will enable Fantom to have features such as seamless upgrades, true parallel transactions, top-tier TPS, and finality, making it an advanced platform distinct from other Layer 1s.

Prospects for the Development of the Fantom Ecosystem

Currently, the Fantom ecosystem has more than 250 projects, with DeFi projects accounting for nearly half. Compared to promoting the Meme ecosystem, prioritizing the development of the DeFi ecosystem is more important for Fantom. The Fantom Foundation plans to launch DeFi-related initiatives that support liquid staking tokens, new staking mechanisms, and cross-chain solutions.

To attract high-quality projects, Fantom has established the Sonic Labs incubator. The recently announced award-winning projects cover various fields including perpetual DEX, social protocols, P2P lending, green technology, and RPG blockchain games, showcasing the vitality of the Fantom ecosystem.

Conclusion

The emergence of Fantom Sonic provides a new approach to solving blockchain scalability. Its sub-second performance has surpassed most Layer 2 solutions, indicating that Layer 1 public chains can also enhance scalability through technological innovation. With the return of Andre Cronje, the Sonic upgrade, and the revival of the DeFi ecosystem, Fantom is expected to rise again in this bull market, becoming one of the most anticipated projects.