Fantom has been undergoing significant transformation in recent months, with the intention of bolstering its position within the decentralized finance (DeFi) space. Spearheading the changes is its rebranding to
Sonic. This shift is aimed at enhancing the blockchain's speed and scalability, while catering to the evolving demands of the DeFi market. Sonic's mainnet launch disabled staking for Fantom (FTM), instead integrating functionality for Sonic's native token. A token swap from FTM to S has been supported by both
Binance and
Crypto.com, alleviating transitions for token holders. Fantom stakeholders' conversion to Sonic did initially stoke frustration and anger, with a 15% drop in deposits reported. Nonetheless, the blockchain's total value locked (TVL) made an impressive rebound, increasing by 66% to $253M since its rebranding. In other developments, a collaboration between Fantom and
Porsche on the Frauscher x Porsche 850 Fantom eBoot, powered by Macan EV powertrain, made waves. Furthermore, the blockchain is exploring the addition of optimistic rollups to connect to the Ethereum network, setting the stage for potential leaps in terms of interoperability and enhanced performance.
Fantom News Analytics from Thu, 26 Nov 2015 22:49:05 GMT to Wed, 10 Sep 2025 21:55:42 GMT -
Rating 8
- Innovation 7
- Information 4
- Rumor -4