Beluga Score

82

Sonic Ecosystem

Sonic Ecosystem

A high-throughput EVM-compatible Layer 1 network offering a secure gateway to Ethereum.​​​​‌‍​‍​‍‌‍‌​‍‌‍‍‌‌‍‌‌‍‍‌‌‍‍​‍​‍​‍‍​‍​‍‌​‌‍​‌‌‍‍‌‍‍‌‌‌​‌‍‌​‍‍‌‍‍‌‌‍​‍​‍​‍​​‍​‍‌‍‍​‌​‍‌‍‌‌‌‍‌‍​‍​‍​‍‍​‍​‍​‍‌​‌‌​‌‌‌‌‍‌​‌‍‍‌‌‍​‍‌‍‍‌‌‍‍‌‌​‌‍‌‌‌‍‍‌‌​​‍‌‍‌‌‌‍‌​‌‍‍‌‌‌​​‍‌‍‌‌‍‌‍‌​‌‍‌‌​‌‌​​‌​‍‌‍‌‌‌​‌‍‌‌‌‍‍‌‌​‌‍​‌‌‌​‌‍‍‌‌‍‌‍‍​‍‌‍‍‌‌‍‌​​‌‌‍‍​‌‍‌‍‌‌‍‌‌‌‌​​‌‍​‌‌‍‌‌‍‌‌​‍‌‌​‌‍‌‌​​‌‍‌‌​‌‌‍‍​‌‍‌‍‌‌‍‌‌‌‌​​‌‍​‌‌‍‌‌‍‌‌​‍‌​​‌‍​‌‌‌​‌‍‍​​‌‌‍‍‌‍‌‌‌‌​‌‌‌‍‌​‍‌‍‍‌‌​‌‌​‌‍​‌‌‌​‌​‌‌​‌‍‌‌‌‍​‌‌​‌‍‍‌‌‍‌‍‍​‍‍‌​‌‌‌‌‍​‍‌‌​‌‍‍‌‌‌​‌‍​‌‍‌‌​‌‍​‍‌‍​‌‌​‌‍‌‌‌‌‌‌‌​‍‌‍​​‌​‍‌‌​​‍‌​‌‍‌​‌‌​‌‌‌‌‍‌​‌‍‍‌‌‍​‍‌‍‌‍‍‌‌‍‌​​‌‌‍‍​‌‍‌‍‌‌‍‌‌‌‌​​‌‍​‌‌‍‌‌‍‌‌​‍‌‍‌‌​‌‍‌‌​​‌‍‌‌​‌‌‍‍​‌‍‌‍‌‌‍‌‌‌‌​​‌‍​‌‌‍‌‌‍‌‌​‍‌‍‌​​‌‍​‌‌‌​‌‍‍​​‌‌‍‍‌‍‌‌‌‌​‌‌‌‍‌​‍‌‍‍‌‌​‌‌​‌‍​‌‌‌​‌​‌‌​‌‍‌‌‌‍​‌‌​‌‍‍‌‌‍‌‍‍​‍‍‌​‌‌‌‌‍​‍‌‌​‌‍‍‌‌‌​‌‍​‌‍‌‌​‍​‍‌‌

Explore Ecosystem

Beluga Score

82

What’s the pitch?

Sonic's Story

Sonic Labs, formerly Fantom, rebranded in a bold move to redefine blockchain speed and scalability. With its new Sonic blockchain launching by late 2024, it promises lightning-fast transactions—10,000 per second with under one-second finality—while offering superior EVM integration. Sonic will replace the FTM token with a new native "S" token, giving current holders a 1:1 conversion and exciting rewards through airdrops.


This new transition is Sonic's answer to tackling previous network congestion and scaling for over 180 million daily transactions. With major decentralized projects already building on it, Sonic is emerging as a serious contender for the next big wave in blockchain innovation.

Hot Topic

How Sonic Can Upgrade Fantom's Future

By Pratik Bhuyan

As the blockchain ecosystem continues to evolve, Fantom is making significant strides with its upcoming Sonic upgrade…

Read Article

Hot Topic

How Sonic Can Upgrade Fantom's Future

By Pratik Bhuyan

As the blockchain ecosystem continues to evolve, Fantom is making significant strides with its upcoming Sonic upgrade…

Read Article

Hot Topic

How Sonic Can Upgrade Fantom's Future

By Pratik Bhuyan

As the blockchain ecosystem continues to evolve, Fantom is making significant strides with its upcoming Sonic upgrade…

Read Article

How to Take Part in the Sonic Airdrop?

By Pratik Bhuyan | ⏱️ 5 min

Sonic has launched its airdrop, and here's how you can participate and claim...

Coming soon

What is the New Sonic Boom Bounty Program?

By William McKinnon | ⏱️ 5 min

Sonic's new bounty program invites builders of all types to engage with its tech...

Coming soon

Get started with Sonic Testnet in 5 Easy Steps

By William McKinnon | ⏱️ 5 min

Learn how to get started with the Sonic Testnet by following these five easy steps...

Coming soon

How to Take Part in the Sonic Airdrop?

By Pratik Bhuyan | ⏱️ 5 min

Sonic has launched its airdrop, and here's how you can participate and claim...

Coming soon

All Articles

Live feed

Sonic's Twitter Feed

Stay updated on Sonic’s latest developments and insights by following their X feed for real-time updates.

Follow Sonic

Beluga Score

Beluga Score

82 Points

82 Points

NAME

Mission

Mission

Funding

Funding

Management

Management

Ecosystem

Ecosystem

Engagement or Community

Engagement or Community

Tokenomics

Tokenomics

Technology

Technology

Top Exchange Listings

Top Exchange Listings

TAM

TAM

Beluga Sonar

Beluga Sonar

ACTION

9 pts

9 pts

8 pts

8 pts

8 pts

8 pts

7 pts

7 pts

7 pts

7 pts

10 pts

10 pts

9 pts

9 pts

8 pts

8 pts

7 pts

7 pts

9 pts

9 pts

Beluga’s Take

Sonic Network scores highly in terms of safety and reliability, having evolved from Fantom—a blockchain that has been operating successfully for years. With no supply overhang, a native token and FTM already trading, Sonic inherits a solid foundation that inspires confidence.


This also gives Sonic an edge, as its new "S" token could potentially secure listings on top exchanges due to FTM’s existing presence. The Fantom ecosystem has shrunk quite a bit since its peak in the 2021 bull market, which has led to the token itself under performing. However, the Sonic technology upgrade which will take the chain's TPS to an estimated 10,000 transactions per second as well as the name rebrand and fresh chart should make a massive impact on the token performance. We've already seen the hype start picking up in a big way with FTM being one of the top performing alt-coins of the last few months, and it doesn't look like it's slowing down.


FTM is also the largest holding in the Beluga Trading Wallet, which we've been accumulating over the last few months with an average price of about $0.50. With how things are picking up both in its ecosystem as well as general mindshare, this is a confident hold heading into the launch of Sonic.

10 Reasons Why Sonic's "S" Token Should Be on Your Radar

The "S" token is the native currency of the Sonic chain, playing a crucial role in powering the network...

Read the Article

Q4 2024

Token Release date

Sonic has yet to announce an official launch date for the mainnet or the "S" token, but they are anticipated to launch in Q4 of 2024. Meanwhile, the testnet is already live.

Tokenomics

Tokenomics

Sonic’s Tokenomics

Sonic’s Tokenomics

The new tokenomics framework ensures all existing holders of Fantom’s FTM can convert their tokens to "S" on a 1:1 basis. Also, Sonic is designed with a deflationary mechanism, where part of the transaction fees are burned to reduce supply over time. The network has committed a significant amount for ecosystem development, allocating up to 200 million "S" through various incentive programs.

The new tokenomics framework ensures all existing holders of Fantom’s FTM can convert their tokens to "S" on a 1:1 basis. Also, Sonic is designed with a deflationary mechanism, where part of the transaction fees are burned to reduce supply over time. The network has committed a significant amount for ecosystem development, allocating up to 200 million "S" through various incentive programs.

Read Whitepaper

Validators

60%

Scale

15%

Team

15%

Foundation

5%

Airdrops

5%

Coming soon

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Dive deep into weekly insights, analysis, and strategies tailored for you, empowering you to navigate the volatile crypto markets with confidence.

Join our Daily Beluga Brief

Dive deep into weekly insights, analysis, and strategies tailored for you, empowering you to navigate the volatile crypto markets with confidence.

What is the New Sonic Boom Bounty Program?

By William McKinnon | ⏱️ 5 min

Sonic's new bounty program invites builders of all types to engage with its tech...

Coming soon

Get started with Sonic Testnet in 5 Easy Steps

By William McKinnon | ⏱️ 5 min

Learn how to get started with the Sonic Testnet by following these five easy steps...

Coming soon

How to Take Part in the Sonic Airdrop?

By Pratik Bhuyan | ⏱️ 5 min

Sonic has launched its airdrop, and here's how you can participate and claim...

Coming soon

All Articles

Q4 2024

Token Release date

Sonic has yet to announce an official launch date for the mainnet or the "S" token, but they are anticipated to launch in Q4 of 2024. Meanwhile, the testnet is already live.