
The reports point to considerable activities centering around Fantom (FTM), highlighted by its recent rebranding to Sonic (S). The rebranding came as part of a significant upgrade focusing on speed and scalability in the DeFi ecosystem. Encouragingly, Sonic's testnet phase successfully achieved a record 720ms finality, solidifying its claim to be Fastest Fantom Successor Blockchain.
Furthermore, the prices of Fantom have exhibited dramatic fluctuations, with significant gains and losses in short periods. FTM showed strength before the rebranding, gaining as much as 70% within 30 days. However, the rebranding didn't sustain FTM's price momentum, despite hopes of a bullish breakout retest.
Binance, a leading cryptocurrency exchange, took affirmative steps to support the Fantom to Sonic token swap and rebranding. However, while Binance affirmed the change, Coinbase suspended Fantom trading due to regulatory scrutiny.
Meanwhile, notable figures such as Andre Cronje invited developers to join Fantom's Sonic upgrade, affirming his support for the project. Lastly, some experts believe other cryptocurrencies might present better alternatives, referencing Rollblock and Dogecoin.
Fantom News Analytics from Fri, 02 Aug 2024 07:00:00 GMT to Sun, 08 Jun 2025 17:02:13 GMT - Rating 5 - Innovation 8 - Information 6 - Rumor -7