According to The Block, Michael Kong, CEO of the Fantom Foundation, 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 be released in late summer or early autumn this year.
The launch plan for Sonic includes strengthening DeFi activities on Fantom by supporting liquidity staking tokens and expanding its funding program for ecosystem development. Kong stated that the team also plans to use Sonic as a “shared sorter” for other Layer 1 and Layer 2 chains. He said:
Alongside the launch of Sonic, Fantom has also proposed governance changes, including new staking mechanisms and more decentralized and secure cross-chain solutions to allow users to bridge funds from Ethereum. Kong added:
With the launch 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 hacker attack on the Ethereum cross-chain bridge, Multichain.
