Fantom Unveils New Network Sonic, Pioneering a “Shared Sorter” for Other Blockchains

According to a report by “The Block,” Michael Kong, CEO of the Fantom Foundation, stated that Fantom is preparing to launch its next iteration product, Sonic, following the Opera version. This new chain is expected to process 2,000 transactions per second (TPS) and achieve sub-second finality. It is expected to debut in late summer or early autumn this year.

The launch plan for Sonic includes strengthening DeFi activities on Fantom through support for liquidity staking tokens, as well as expanding its funding program to provide funding for ecosystem development. Kong pointed out that the team also plans to use Sonic as a “shared sequencer” for other Layer 1 and Layer 2 chains. He stated:

Alongside the launch of Sonic, Fantom has also proposed governance changes, including new staking mechanisms and more decentralized and secure cross-chain solutions, allowing users to bridge funds from Ethereum. Kong added:

With the launch of Sonic, the new cross-chain bridge will become a key infrastructure component of the Fantom Foundation, especially after last year’s attack on the Ethereum cross-chain bridge Multichain that had a significant impact.