Fantom, a remarkable crypto project, has been creating a buzz in and outside the blockchain community. It was recently rebranded to
Sonic in an endeavor to accelerate innovation and growth. Sonic has launched its
testnet and gone live as it aims to set a new pace in the crypto world.
In addition, to the rebranding, Fantom developers have unveiled the
foundation for Sonic, successfully closing a $10 million strategic round. One influential game-changer to note is
Andre Cronje's statement that he never left the Fantom Foundation. His continued association has sparked excitement as he is well-regarded for his DeFi expertise. With Cronje on board, Fantom is indeed poised to run for 30 years in the DeFi sphere.
A series of developments were also conducted in its ecosystem, including launching the Fantom and Wormhole's interoperability with Circle's Bridged USDC standard. Fantom's
FTM token, deemed a good investment, has seen incredible price surges, with the recent prediction being an 18,000% rise to $150 by 2025. Such declarations are backed by analysts who believe Fantom could outperform Ethereum, thereby implying a bullish run for Sonic.
Nevertheless, in light of the recent Multichain bridge exploit, Fantom filed to get its money back from Multichain's $200M exploit leading to a complicated scenario. Despite this issue, the interoperable bridge with other chains like Fantom and Arbitrum has been incorporated into Google's wallet address searches, highlighting Fantom's significance in the crypto space.
Fantom News Analytics from Thu, 26 Nov 2015 22:49:05 GMT to Wed, 11 Feb 2026 09:50:47 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor 3