Nikolas Sargeant
On Tuesday, Sonic Labs (formerly Fantom Foundation) announced via X that Sonic mainnet V2.2 is now live.
This upgrade introduces bundled transactions, expanded transaction sponsorship, larger smart contracts, and several improvements across the network. Built to make Sonic simpler for users and more powerful for developers.
Sonic (previously Fantom) is building a programmable platform on a directed acyclic graph-based distributed ledger.
Sonic is the highest-performing EVM L1, combining speed, incentives, and world-class infrastructure, powering the next generation of DeFi applications. The chain provides 400,000 TPS and sub-second finality.
Sonic's Fee Monetization (FeeM) program rewards developers with up to 90% of the fees their apps generate, adapting the Web2 ad-revenue model to a decentralized framework. Developers now directly profit from their app's traffic and user engagement.
Furthermore, the Sonic Gateway provides developers and users with seamless access to vast liquidity through a native, secure bridge connected to Ethereum. With a unique fail-safe mechanism, it ensures your assets are protected in all circumstances.
Its S coin is down 2.5% in the last 24 hours and is currently trading at $0.04344.
Sonic's architecture consists of three fundamental components working in perfect harmony to deliver exceptional performance.
The Sonic Gateway serves as a secure bridge connecting Sonic with Ethereum, enabling swift asset transfers between chains. This Gateway includes an innovative Fast-Lane feature, prioritizing urgent transactions for near-instant processing.
A comprehensive safety system protects user assets through a fail-safe mechanism that activates if the bridge experiences issues for two consecutive weeks.
The Sonic Database forms the backbone of the network, efficiently managing and recording all blockchain activities while ensuring data integrity and accessibility.
The Sonic Virtual Machine powers the platform's smart contracts and decentralized applications, providing a robust environment for developers to build and deploy their solutions.
Together, these components create a scalable, secure, and efficient blockchain infrastructure capable of handling massive transaction volumes while maintaining optimal performance and reliability.
