According to The Block, Michael Kong, the CEO of Fantom Foundation, has announced 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 scheduled to be released in late summer or early autumn this year.
The launch plan for Sonic includes enhancing DeFi activities on Fantom through the support of liquidity staking tokens and expanding its funding program for ecosystem development. Kong mentioned that the team also intends to utilize Sonic as a “shared sorter” for other Layer 1 and Layer 2 chains. He stated:
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:
With the introduction of Sonic, the new cross-chain bridge will become a critical infrastructure component for the Fantom Foundation, especially after the impact of the Multichain Ethereum bridge hack last year.
