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.
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