Fantom Sonic closed testnet achieves 10,000 TPS with 1.6-second finality
Fantom Sonic closed testnet achieves 10,000 TPS with 1.6-second finality
The Fantom Sonic closed testnet has concluded a week of processing only ERC-20 transfers with impressive results. It achieved approximately 10,000 transactions per second (TPS) with a finality of around 1.6 seconds. The testnet has now shifted to processing transactions that resemble real traffic, showcasing the performance of Sonic in conditions that represent actual usage.
The #Fantom Sonic closed testnet is live again ✅ So far, the testnet has mainly processed transactions that resemble real traffic, composed of token transfers, mints, and swaps, which has allowed us to showcase the performance of Sonic in conditions that represent actual usage.
The #Fantom Sonic closed testnet is under construction as we shift it to handle only ERC-20 transfers, letting us exceed 2k TPS ⚙️ Join us Jan 17 at 13:00 UTC (08:00 EST) as the testnet reopens & observe Sonic's potential in handling token transfers. sonic.fantom.network
We just ended a week of the Sonic closed testnet processing only ERC-20 transfers, and it DID NOT disappoint 👀 ~10,000 TPS at 1.6-second finality, 24/7 ⚡ The closed testnet is now back to processing transactions that resemble real traffic ⛓️ sonic.fantom.network
Sonic Labs Innovator Fund Announces New Grant Recipients
The Sonic Labs Innovator Fund has unveiled its latest grant recipients, offering up to 200M $S for new ventures and dApps migrating to Sonic. The new partners include: - PaintSwap: Building a marketplace for trading Sonic airdrops, featuring ERC-1155 fNFT and an advanced order book. - Equalizer Exchange: A DEX with a vote escrowed model to drive liquidity to high-volume token pairs. - SilverSwap: A DeFi hub supporting dynamic fees, concentrated liquidity, rebase tokens, and plugins. These dApps will be available on Sonic at launch. The fund aims to accelerate innovation and ensure top dApps migrate to the new Sonic chain.
OpenBlock Labs Partners with Sonic for Airdrop
OpenBlock Labs, crypto's incentive operating system, partners with Sonic for a 190,500,000 $S airdrop across multiple phases. OpenBlock specializes in creating and deploying incentive campaigns for various protocols. They manage over $2 billion in annual incentive spend and have a team of 45 engineers and researchers. The partnership aims to optimize incentive models and identify genuine users for long-term contributions to the Sonic network. OpenBlock will provide anti-Sybil protection, including exploitative behavior detection, wash trading detection, and volume profiling. This collaboration ensures fair rewards distribution for users, developers, and validators on Opera and Sonic.
Rabby Wallet Tutorial and Gas-Free Trading Program
Opera has released a step-by-step video tutorial for setting up a Rabby Wallet. As part of their Gas-Free Trading Program in partnership with Rabby, they're sponsoring up to 10 DEX transactions per user. This offer is available for new wallets or those inactive for 90 days at the program's launch. Key points: - Video tutorial available for Rabby Wallet setup - Up to 10 free DEX transactions per user - Eligible: New wallets or 90-day inactive ones This initiative aims to encourage user engagement and reduce transaction costs on the Opera platform.
Fantom's Sonic Labs to Bolster Ecosystem with Five New Projects
Fantom's Sonic Labs program has selected five new projects to receive funding and support. The projects are Lynx Protocol (perpetuals DEX), Thunder Dome (SocialFi platform), Debita Finance (P2P lending), Kiri Coin (green-tech startup), and Froqorion (party-based RPG). Each project will receive 200,000 FTM tokens, mentorship from Andre Cronje, guidance from Pyth Network's Kemar Titi, and compliance, payroll, and legal support. These projects are expected to further diversify and strengthen Fantom's ecosystem.
Fantom Newsletter Breakdown and Subscription Promotion
Fantom has released a breakdown of their most recent newsletter, providing insights and updates on the project. They are encouraging users to subscribe to receive the latest Fantom news directly to their inboxes.