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CATEGORY: sonic network


May 20, 2024 12:10

Fantom Price Continues To Shine Whats Behind The Latest 15% Surge?

Fantom price has been such a joy to watch for investors in recent days, as a much-needed breath of fresh air continues to spread throughout the crypto market. Bitcoin and other large-cap assets seem to be recovering well after a period of sluggish and frustrating price action. Notably, Fantom emerged as one of the best performers in the cryptocurrency market over the past week, posting a substantial 26% price increase in the last seven days. The Layer 1 token has particularly been on a hot streak in the past day, soaring by 15%. The Catalyst Behind The Latest FTM Surge The much-awaited Sonic upgrade has been critical to the turnaround the Fantom price has witnessed in the past few months. Sonic is expected to improve Fantoms technology stack and introduce major scalability enhancements without a disruptive hard fork. Related Reading: This Crypto Trader Just Sold All His Bitcoin For Altcoins Like Cardano And XRP, Heres Why Most recently, the Fantom Foundation unveiled the details of the upcoming layer-1 chain Sonic Network. According to the blog post, the new blockchain network will be connected to and be able to tap into vast amounts of liquidity, users, and protocols from Ethereum and beyond via a native layer-2 bridge. As disclosed previously, the Sonic Network is expected to go live alongside a new token, with the ticker S. In the latest memo, the project revealed that FTM token holders will be able to migrate Sonics token at a 1:1 ratio, depending on the results of a governance vote. The Fantom Foundation said in its latest blog post:  Initially, this migration process is anticipated to be bi-directional, which will allow users to swap back and forth between $FTM and $S. Since the $S token will only exist on Sonic and $FTM will only exist on Opera, we anticipate utilizing a bridge to enable bi-directional swaps. This process enables a seamless migration for current Opera network participants to experience Sonic. After a transitional period (to be determined in the future), the migration process is expected to transition to a one-way migration of $FTM to $S. The project noted that the supply of the new S token will match that of FTM to facilitate the token migration process after the Sonic chain launch. It is worth mentioning that the Fantom price experienced a significant surge following this update on the Sonic Network on May 17. Fantom Price At A Glance As of this writing, the Fantom price is around $0.908, reflecting an almost 15% increase in the past 24 hours. Related Reading: Bitcoin To $100,000: Infamous Head And Shoulders Pattern Appears To Signal The Start Of Another Rally Featured image from iStock, chart from TradingView

Fantom Unveils Sonic Network: A Bold Step Towards Blockchain 2.0

Author: Arslan Tabish
Estonia
May 19, 2024 02:30

Fantom Unveils Sonic Network: A Bold Step Towards Blockchain 2.0

The prominent cryptocurrency journalist Colin Wu has just uncovered a very important news about the Fantom Foundation. In his Wu Blockchain X post, Wu exposed that the Fantom Foundation has revealed the launch details of its new innovative Layer 1 (L1) blockchain, Sonic Network. Sonic Network is a big step in the blockchain world, which […]

How to Swap for $S Token to Join the Sonic Airdrop and Use dApps

Author: Nathaniel Cajuday
Philippines
Apr 12, 2025 02:50

How to Swap for $S Token to Join the Sonic Airdrop and Use dApps

This article aims to guide participants on how to swap cryptocurrencies to $S, whether from another chain or wallet.

Feb 05, 2025 02:15

BitMEX Launches Support for Sonic Network Token (S)


BitMEX has officially launched support for the Sonic Network token (S), enabling users to deposit, trade, and convert the token on its platform. (Read More)

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