Sonic, the newly rebranded layer-1 blockchain, has emerged as a significant player in the blockchain space. Previously known as Fantom, it has been recognized for its impressive capabilities and commitment to decentralization.

Sonic can process over 16,000 transactions per second while maintaining a fully decentralized structure. This means there is no fee extraction or centralized value capture, which enhances transaction efficiency. Investors have the opportunity to swap their FTM tokens for S tokens at a 1:1 ratio, integrating various functions within the Sonic ecosystem.

Currently, S tokens are priced at $0.453, reflecting a decline of nearly 8.5% over the last 24 hours. Additionally, Sonic has achieved a remarkable 98% reduction in storage requirements for archival nodes, solidifying its position as a leader in decentralized technology. The transition from Fantom to Sonic is part of a broader strategy aimed at enhancing the platform’s capabilities and improving user experience.

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