Fantom Debuts First Sonic Tech Validator, Price Surges 8%

Fantom Foundation recently announced the successful operation of its first validator using Sonic technology, a significant milestone for its Layer-1 scalable network.

The Fantom Foundation announced that its first validator, which uses Sonic technology, is now operational. This marks a key milestone for the Layer-1 scalable network.

Fantom Sonic Built for Scalability

Taking into consideration the difficulty that is related to the scalability of blockchains, the Fantom Sonic technology was developed. Fantom made the decision to build upon the basis that was established by the initial Opera network, which was published in December of 2019.

This decision was made after Fantom conducted an extensive study. Andre Cronje, the founder of Fantom, directed the Opera network, the first permissionless Directed Acyclic Graph (DAG)-based protocol. This was made possible with a maximum throughput of over 200 transactions per second (TPS) and a finality time of less than 600 milliseconds.

When compared to Ethereum’s capabilities at the time, it displayed a remarkable gain in terms of both scalability and transaction speed. However, despite all these functionalities, the Opera network still faced challenges, especially during periods of heavy congestion or when the user experience suffered significantly.

Research on sonic technologies is therefore underway. The team has been working on the creation and integration of Sonic technology for a period of time that might be as long as two years. Their goal is to overcome the constraints imposed by the Opera network.

This upgrade highlights Fantom’s dedication to innovation and introduces a fresh approach to the infrastructure of blockchain technology. Ultimately, the technology will serve as the foundation for a shared sequencer, capable of executing over 180 million transactions daily and offering real-time confirmation.

A few weeks ago, when the Sonic update was announced, the price of Fantom (FTM) surged by twenty percent, reaching a high of one dollar and twenty-two cents. After that, it reached a high of $1.15, and its market value reached $3.22 billion on the market.

There has been a decrease in the value of the coin on the market for some time prior to this time. A further increase in the price of FTM of up to 8% occurred as a result of the announcement that the validator had gone live; at the time of this publication, the coin was trading at $1.

Additional exciting events are taking place within the Fantom ecosystem, in conjunction with the Sonic validator going online. Not too long ago, Andre Cronje implied that the Fantom ecosystem would soon integrate memecoin.

The crew has been quite busy completing due diligence on memecoins, according to the core developer, who commented about their busy schedule. This is a move that is occurring in the middle of a widespread craze around memecoin.

Fantom launched USDC.e, the canonical stablecoin, on April 5th. Circle and Wormhole support it, providing advantages to both users and developers. A bridge connects the stablecoin to USDC, offering the potential for future upgrades to the native asset. This gives the asset a chance to meet the community’s essential requirements.