Sonic (formerly Fantom) is a high-performance EVM-compatible Layer 1 blockchain that evolved from the original Fantom Opera network. Founded by Andre Cronje and Michael Kong, the platform rebranded to Sonic in late 2024, launching a new chain with significant performance improvements. Sonic uses an advanced DAG-based consensus mechanism called Lachesis that enables near-instant transaction finality. The upgrade introduced the Sonic Virtual Machine, which dramatically improves execution speed compared to standard EVM implementations. Sonic features a Fee Monetization program that returns up to 90% of transaction fees to dApp developers, creating a unique incentive model for builders. The ecosystem inherited Fantom's established DeFi landscape and continues to attract new projects, particularly in DeFi, lending, and yield optimization. The S token replaced the previous FTM token through a 1:1 migration.

Crypto Staking

S token holders can stake by delegating to validators on the Sonic network to earn staking rewards and help secure the chain's proof-of-stake consensus.

DeFi

Sonic hosts a mature DeFi ecosystem inherited from Fantom including DEXes, lending protocols, and yield optimizers, enhanced by its Fee Monetization program for developers.

EVM Blockchains

Sonic is fully EVM-compatible with an enhanced Sonic Virtual Machine that provides faster execution than standard EVM, allowing seamless deployment of Solidity smart contracts.

L1 Blockchains

Sonic is an EVM-compatible Layer 1 blockchain (evolved from Fantom) using the Lachesis asynchronous BFT consensus mechanism for near-instant finality and high throughput.