Fantom

The Fantom Foundation has shared an update on the progress of the winners from the Sonic Lab, an initiative aimed at supporting innovative projects building on the Fantom blockchain. The teams, including KiriCoin, Lynx Protocol, Froqorion, Debita Finance, and ThunderDome SoFi, are currently working on their respective projects. Fantom is a high-performance, scalable Layer-1 blockchain platform designed for decentralized applications.

Fantom, a fast and scalable next-generation Layer-1 platform, has announced its Sonic upgrade. This upgrade aims to enhance the network's performance, enabling it to process 2,000 transactions per second with sub-1 second finality. The Fantom Foundation retweeted the news, suggesting that this upgrade could potentially catalyze a resurgence for the FTM token. Further details and an overall project scorecard were promised in a subsequent thread.

Fantom, a fast and scalable next-generation Layer-1 platform, has announced that Sam Kazemian, the founder of Frax Finance, one of the largest DeFi protocols with over $1.6 billion in assets such as sfrxETH and the FRAX stablecoin, has joined as an angel investor in their funding round. Frax Finance has committed to deploying with natively issued assets on the Sonic tech stack on the first day of launch.

Thunder Dome, an innovative social finance (SocialFi) platform, has been announced as one of the winners of the Sonic Labs competition. The platform allows users to engage with communities through tradable social tokens called tickets. Thunder Dome is designed to facilitate community interactions and engagement on the Fantom blockchain, which is a fast and scalable next-generation Layer-1 platform.

The Fantom Foundation, the organization behind the Fantom blockchain platform, retweeted content related to FVM (Fantom Virtual Machine) on March 27, 2024. Fantom is a high-performance and scalable Layer-1 blockchain platform designed for decentralized applications.

The Fantom Foundation has expressed strong confidence in the future of the Fantom project. In a recent tweet, the foundation stated that they believe in Fantom more today than they did back in 2019. They highlighted that the team is significantly stronger, with a 100-fold increase in personnel. Additionally, the project's treasury has grown 250 times larger, and their tech stack is 160 times faster and more optimized. The foundation firmly rejected the notion that Fantom could become irrelevant or disappear, stating their willingness to take a counter bet on this matter.

The Fantom Foundation has highlighted Lynx Protocol, one of the winners of its Sonic Labs innovation program. Lynx Protocol is a decentralized exchange (DEX) offering high-leverage perpetual trading using any token as collateral. It also features single-asset deposits and reduced exposure to trader profits and losses. The Fantom Foundation shared a product tour video providing more details about Lynx Protocol.

The Fantom Foundation has launched a competitive contest featuring Tails, a decentralized finance protocol on the Fantom network. The contest offers over 600 FTM tokens in prizes. Participants can play the web3 version of the game on the Fantom website to win prizes. A tutorial and free play mode are available for training. The Fantom community is encouraged to join the Discord server for tips and additional prize opportunities.

Developers building subgraphs on the Fantom network can now query subgraphs almost immediately after upgrading to the network, according to an announcement. This improvement streamlines the development process for Fantom, a fast and scalable next-generation Layer-1 platform. Further updates are expected in the future.

The Fantom Foundation has announced the official launch of the 0xGasless custom Paymaster on the Fantom network. This Paymaster facilitates gas sponsorship for DApp owners, eliminating the need for users to manage gas fees. The development is a significant milestone in Fantom's commitment to advancing the Account Abstraction ERC-4337 standard. With the upcoming Sonic upgrade on the Fantom mainnet, the Paymaster's launch aligns with the anticipated surge in activity, reinforcing Fantom's dedication to driving mass adoption through robust infrastructure.