Sonic (pre...

Sonic (prev. FTM) is a high-performance Layer 1 (L1) blockchain designed as an advanced Smart Contract Platform for decentralized finance (DeFi) and Web3 applications. Leveraging a Proof-of-Stake (PoS), Directed Acyclic Graph (DAG)-based Asynchronous Byzantine Fault Tolerance (ABFT) consensus mechanism, Sonic achieves an impressive 400,000 transactions per second (TPS) with sub-second finality, making it an incredibly fast and scalable network. Its native cryptocurrency, s, is essential for paying transaction fees, staking, running validators, and participating in governance within the Sonic Ecosystem. A key differentiator is its innovative Fee Monetization program, which allows developers to earn 90% of the network fees their applications generate, fostering a sustainable and incentivized environment for builders. Sonic also supports EVM compatibility, facilitating seamless migration for dApps from other EVM chains.

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Smart Contract PlatformL1Sonic Ecosystem

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