The live price of Sonic (prev. FTM) is - per (S / USD) with a current market cap of $1.46B USD. 24-hour trading volume is - USD. S to USD price is updated in real-time. Sonic (prev. FTM) is -% in the last 24 hours with a circulating supply of 2.88B.
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Sonic is an Ethereum Virtual Machine layer-1 platform that provides developers with attractive incentives and a powerful infrastructure. The chain is said to have over 10,000 transactions per second and sub-second finality, powering a new generation of decentralized applications. Sonic's Fee Monetization (FeeM) mechanism integrates the Web2 advertising revenue model into a decentralized framework, rewarding developers with 90% of the transaction fees generated by the app. Developers can now directly profit from the traffic and user engagement of their apps. In addition, Sonic Gateway provides developers and users with smooth access to massive liquidity through a secure native bridge to Ethereum. Sonic's unique fail-safe mechanism ensures that user assets are protected under any circumstances.
Sonic is an Ethereum Virtual Machine layer-1 platform with a unique incentive mechanism that provides developers with best-in-class tools, infrastructure, and revenue sharing model (i.e., FeeM model). The platform also offers a proprietary bridge infrastructure called "Gateway" designed to fully secure bridged assets.
Sonic is an upgrade to the Fantom network, launched in December 2024. The network has an uptime of 99.99% over four years and a total locked value of up to $14 billion. It is predicted that Sonic will launch more than 100 applications in the first quarter of 2025, and is expected to take the lead in the Ethereum virtual machine field.
The Sonic chain provides developers with scalability and storage capabilities while providing a fast and smooth user experience. Sonic has 10,000 transactions per second, real-time irreversible transactions can be finalized at sub-second speeds, and storage systems can be used for efficient data management.
The Sonic ($S) token is the core of the Sonic ecosystem. In addition to being used as an investment tool, the coin also provides decentralized security through a blockchain network. The network distributes control and transaction verification globally to ensure transparency and security. $S can process transactions quickly and efficiently, solving the inefficiencies of traditional currencies and early cryptocurrencies.
Sonic was co-founded by prominent blockchain professionals including Michael Kong, Andre Cronje and Bernhard Scholz.
Sonic is an Ethereum Virtual Machine layer-1 blockchain platform with sub-second transaction finality, 10,000 transactions per second, and full support for Solidity and Vyper.
Sonic uses a combination of Proof of Stake (PoS), Asynchronous Byzantine Fault Tolerance (aBFT), and Directed Acyclic Graph (DAG) consensus mechanisms. This innovative setup allows validators to quickly and securely agree on transactions without strict ordering. Validators can generate and exchange event blocks containing a large number of transactions locally. Once a majority of validators reach consensus on an event block, the block will be included in the main chain. Transactions are processed securely and efficiently using this method. For more information, please refer to Sonic's consensus documentation. A minimum stake of 500,000 S is required to become a validator and be eligible for rewards for contributing to the security of the network.
S tokens are the native token of Sonic and can be used in the network for a variety of purposes, including paying transaction fees, staking, running validators, and participating in governance.
Sonic has significant features, such as a proprietary gateway infrastructure that ensures assets can be securely bridged from Ethereum to the network. The network has introduced an innovative revenue sharing model, FeeM, which distributes up to 90% of network fees to developers. Sonic is said to be the most scalable and fast chain in the EVM compatible chain.
This coin is inflationary, with a minimum annualized staking return of 1.75%. This value will change based on governance vote proposals and their approval. The current circulating supply of $S tokens is 2.88 billion.
