Fantom Foundation Introduces Sonic Network

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The Fantom Foundation has announced Sonic Network, a new layer-1 blockchain connected to Ethereum through a native cross-chain bridge. FTM token holders can migrate to Sonic’s $S token at a 1:1 ratio, representing Fantom 2.0. Additionally, the Sonic chain pledges to provide improved performance with 2,000 TPS and single-second finality. Fantom will also support the transition with substantial funding for ecosystem development and governance votes to ensure community support. However, the existing Opera network will continue to receive support during this transition.