Sonic Labs, a blockchain project from the Fantom network, announced a major milestone with the creation of its first transaction block, called “Genesis”. This achievement signals the new layer 1 blockchain’s desire to move closer to public access. The company shared this development on Monday, describing the event as a step towards the launch of the Sonic mainnet.
Earlier the same day, Sonic Labs hinted at this milestone by announcing the activation of the Sonic mainnet in a post on improved designed for an EVM- compatible blockchain.
Record performance on Blaze Testnet
Sonic Labs recently highlighted the exceptional performance metrics of its Blaze testnet. The team reported average block times of 1.17 seconds and an impressive finality time of 0.85 seconds over the first 221,000 blocks. The platform’s ultimate goal is to achieve sub-second finality, setting a benchmark for high-performance blockchains with capacities of 10,000 transactions per second and confirmation times as short as one second.
Blaze represents a critical part of Sonic’s mission to redefine blockchain efficiency, combining high throughput with minimized latency.
Built on the foundations of Fantom
Sonic Labs emerges from Fantom’s Opera blockchain, which debuted in 2019. It has garnered substantial support, securing $10 million in funding from high-profile investors including Stani Kulechov, Robert Leshner, Michael Egorov and Tarun Chitra. Andre Cronje, a notable figure in blockchain development, is the project’s chief technology officer.
The team is on schedule, having previously announced plans to activate mainnet between late November and early December. Sonic Labs confirmed that its token airdrop allocation snapshot was completed on Sunday.
Introducing $S and Improved Cross-Chain Connectivity
At launch, the network’s native tokens, identified as $S, will maintain a 1:1 swap ratio with Fantom’s FTM tokens, providing seamless interoperability between the two ecosystems. The project also plans to introduce Sonic Gateway, a bridge to the Ethereum network, allowing Sonic to tap into Ethereum’s vast liquidity and user base.
The Ethereum connection, coupled with Sonic’s commitment to high throughput and low transaction fees, positions the network to attract a wide range of developers and users. Additionally, Sonic Gateway will feature a shared sequencer to facilitate simultaneous production and security of blocks across multiple rollups, further enhancing its scalability and utility.
A step towards blockchain innovation
Sonic Labs aims to set a new standard in blockchain performance with its ambitious goals for transaction speed and finality. The project represents a significant evolution of Fantom’s original vision, integrating cutting-edge technologies to meet the needs of a rapidly expanding decentralized ecosystem.
As the public launch approaches, Sonic Labs continues to solidify its position as a next-generation blockchain solution, delivering a blend of innovation, scalability and interoperability.
