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, 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 debut 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 and expanding its funding program for ecosystem development. Kong mentioned that the team also plans to use Sonic as a “shared sorter” 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 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 hack on the Ethereum cross-chain bridge, Multichain.
