Fantom
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Fantom is a fast and scalable next-gen Layer-1 platform.
Sonic teases next release to cut transaction friction
Sonic Labs previewed an upcoming network release focused on what happens between a user's intent and final settlement, rather than raw speed. New features include bundling, transaction sponsorship, pre-checks and expanded contract capacity so developers can keep routing logic, risk checks and product logic together instead of splitting them into workarounds. Sonic frames "fast" as the floor and this release as the step toward removing friction in approval, gas, signing and retry steps.
SODA (ex-ICX) goes live on Sonic with Kraken listing
Soda (formerly ICX) has migrated to the $SODA token on Sonic and is now live for trading, promoted via Kraken Listings. The project describes itself as infrastructure for modern money, aiming to give DeFi builders cross-network execution and unified liquidity across 20-plus networks. Sonic Labs congratulated the Soda team on the migration.
Sonic charts four revenue-focused bets: payments, AI, perps/RWAs, prediction markets
Sonic Labs outlined where it plans to build next, framing each of four bets on revenue. Payments and FX come first, pushing cross-border transfers at a fraction of current cost. AI is second via Spawn, now split into Spawn Studio (agentic templates for developers) and Spawn Marketplace, running on Sonic's MCP server. Perps and RWAs are third, targeting 24/7 trading with near-instant finality, and prediction markets are fourth, built as licenseable infrastructure with a product on top (Yes/No now in closed beta on testnet). The thread also acknowledges Aave winding down its Sonic deployment, noting its deposits generated under $5k a quarter — not enough to cover maintenance — and that Sonic won't paper over weak integrations.
Sonic Labs announcement post
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Sonic (S) token listed as FTM migration completes
Major exchanges (led by Binance) halted FTM trading and listed the new Sonic (S) token on January 16, 2025, completing the 1:1 token migration from FTM to S.
Sonic mainnet launches with FTM-to-S upgrade
Sonic Labs launched the Sonic mainnet, an EVM-compatible L1 touting up to 10,000 TPS and sub-second finality, allowing FTM holders to upgrade tokens 1:1 to S via an upgrade portal.
Fantom Foundation rebrands to Sonic Labs
The Fantom Foundation officially rebranded itself as Sonic Labs, pivoting to a new high-throughput chain (ticker S) while the Opera chain retained the 'Fantom' name.
Andre Cronje leaves DeFi and the Fantom Foundation
Co-founder Andre Cronje and collaborator Anton Nell announced they were 'closing the chapter' on contributing to DeFi/crypto, departing the Fantom Foundation; the move triggered a broad DeFi token selloff.
Fantom's Opera mainnet goes live
The Opera mainnet, an EVM-compatible smart-contract chain running on Fantom's Lachesis aBFT consensus protocol, launched on December 27, 2019.
Fantom Foundation raises $40M in its token sale
SEOUL-based Fantom Foundation raised $40 million USD to fund development of its DAG-based smart contract platform, with strategic backers including Hyperchain Capital, Signum Capital, and Arrington XRP Capital.