Sonic S Tokens Will Be Available On 13 Different Exchanges In January
The Sonic S token is set to replace the FTM token (introduced by the Fantom blockchain) at a 1:1 ratio and will be available across 13 major exchanges, including top platforms like Binance and Bybit.
A Much-Needed Integration
The aforementioned exchanges will also facilitate automatic token upgrades by integrating with the Sonic network. Sonic operates as a blockchain compatible with both the Solana Virtual Machine (SVM) and the Ethereum Virtual Machine (EVM).
Its mainnet, developed by Sonic Labs and co-founded by Andre Cronje, officially launched on December 13th, 2024. The platform also offers a high-performance blockchain infrastructure capable of processing up to 10,000 transactions per second (TPS) and providing block finality in under one second.
Fantom Network Still Working
The Sonic S token will be the backbone of the Sonic ecosystem, which shares a token supply of 3.175 billion with Fantom. To boost participation and adoption, Sonic Labs has set aside 190.5 million tokens within the new network.
Although the transition to Sonic is underway, the Fantom network will remain operational and active. As of now, the TVL (Total Value Locked) (TVL) of the network exceeds $168 million, according to DefiLlama.
Top News
5 days ago
9 days ago
11 days ago
More From The News
Press Releases
Payments
New Payment Limit For Crypto Wallets Scrapped
The recent Anti-Money Laundering re... Read more
Bitcoin
Bitcoin Undergoes Price Correction As International Economies
A significant portion of the crypto... Read more
Join Our Newsletter
Get the latest trends and updates on our crypto community.