Fantom Unveils Sonic, a Novel Network for Constructing “Shared Sorters” on Other Blockchains

According to a report from “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 (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 strengthening DeFi activities on Fantom through support for liquidity staking tokens, as well as expanding its funding program to support ecosystem development. Kong also indicated that the team plans to use Sonic as a “shared sorter” for other Layer 1 and Layer 2 chains. He stated:

“While introducing Sonic, Fantom has also proposed governance reforms, including new staking mechanisms and more decentralized and secure cross-chain solutions, allowing users to bridge funds from Ethereum. With the launch of Sonic, the new cross-chain bridge will become a key infrastructure component for the Fantom Foundation, especially after last year’s impact from the hacking of the Ethereum cross-chain bridge, Multichain.”