⇑ Fantom’s Propitious Transformation: A Closer Look at the Sonic Rebrand

The cryptocurrency market and blockchain industry has witnessed the considerable growth and transformation of Fantom (FTM), a highly scalable blockchain protocol that has rebranded to Sonic. The rebranding marked substantial changes and developments in their ecosystem, supported by popular exchanges like Crypto.com and Binance. This change resulted in a 66% rise to $253M in Sonic's TVL. Apart from these significant changes, Fantom also launched the Sonic Mainnet, disabling Fantom Staking for the process.

Notably, Sonic demonstrated strength ahead of its brand transition, pointing to a 50% Price Gain despite a brief price dip. The launch of Sonic Labs' testnet also triggered a price increase of 90%, supporting predictions for additional growth. However, there were speculations of a potential price decline after a yearly high. The Fantom ecosystem has also embarked on novel projects like the automated non-destructive testing of composites for aeronautics.

Apart from its primary blockchain activities, Fantom has made headlines alongside Porsche and Frauscher with the 850 Fantom speedboat, powered by a Macan EV Powertrain, breaking speed records in Monaco. Additionally, the conversion of staked Fantom (FTM) to Staked Sonic (S) also featured prominently, underscoring the transitioning process from Fantom to Sonic. A noteworthy development is the introduction of the Fantom foundation for Sonic with a successful $10 million strategic round.

In conclusion, while some bearish scenarios have been suggested, the overall trajectory points to the increasing adoption and recognition of the Fantom ecosystem and its Sonic upgrade. The continuous growth and development of their various projects also highlight Fantom's ability to innovate within the blockchain industry.

Fantom News Analytics from Thu, 26 Nov 2015 22:49:05 GMT to Thu, 09 Oct 2025 17:16:00 GMT - Rating 8 - Innovation 7 - Information 9 - Rumor 6