Fantom Unveils Sonic, a Groundbreaking Shared Sorter for Blockchain Ecosystems

According to a report from The Block, Michael Kong, the 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 be unveiled in late summer or early autumn of this year.

The launch plan for Sonic includes strengthening DeFi activities on Fantom through support for liquidity staking tokens and expanding its funding program for ecosystem development. Kong also mentioned that the team 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. 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 hack of the Ethereum cross-chain bridge, Multichain.”