Sonic (prev. FTM)

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About Sonic (prev. FTM)

Sonic is a high-performance, decentralized Layer-1 (L1) blockchain network designed to provide unmatched speed, scalability, and developer-friendly incentives. With the ability to process up to 400,000 transactions per second (TPS) and achieve sub-second finality for native token transfers, Sonic positions itself as the fastest settlement layer for digital assets. It offers full EVM compatibility, supporting both Solidity and Vyper, while seamlessly integrating with widely used Web3 development tools like Chainlink, Safe, Pyth, and Alchemy. Through the Sonic Gateway, the platform bridges to Ethereum, granting users and builders access to Ethereum's liquidity via a secure native connection. What sets Sonic apart is its unique Fee Monetization program, allowing developers to earn up to 90% of the fees generated by their applications, a groundbreaking approach that shifts the focus from extractive models to sustainable ecosystem growth. Sonic also supports dynamic fee mechanisms, fee subsidization, and account abstraction, further enabling flexible and inclusive application development. As a distributed computing platform, Sonic tackles inefficiencies in current incentive structures by ensuring that network productivity and developer innovation are rewarded, thus fostering a healthy and thriving DeFi ecosystem.