Fantom Unveils Sonic, a Groundbreaking “Shared Sorter” for Other Blockchains

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

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

At the same time as the launch of Sonic, Fantom has proposed governance reforms, 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, particularly after last year’s impact from the hacking of the Ethereum cross-chain bridge, Multichain.