According to The Block, Michael Kong, the CEO of the Fantom Foundation, has announced 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 of Sonic includes plans to enhance decentralized finance (DeFi) activities on Fantom through support for liquidity staking tokens, as well as expanding its funding program for ecosystem development. Kong also mentioned that the team plans to utilize Sonic as a “shared sorter” for other Layer 1 and Layer 2 chains.
Alongside the launch of Sonic, Fantom has proposed governance changes, including new staking mechanisms and more decentralized and secure cross-chain solutions, allowing users to bridge funds from Ethereum. Kong added that with the introduction of Sonic, the new cross-chain bridge will become a key infrastructure component for the Fantom Foundation, especially after the impact of last year’s hack on the Ethereum cross-chain bridge, Multichain.
