Sonic is an Ethereum Virtual Machine (EVM) layer-1 blockchain platform developed by Sonic Labs, previously known for the Fantom network.
High Transaction Speed: Sonic claims to support up to 10,000 transactions per second (TPS), making it one of the fastest blockchains available. The platform boasts a transaction finality time of approximately 720 milliseconds, which is significantly faster than many existing blockchains, including Solana, which typically achieves finality in about 12.8 seconds under normal conditions.
EVM Compatibility: Sonic is fully compatible with the Ethereum Virtual Machine, allowing developers to easily migrate existing Ethereum projects or create new dApps using familiar programming languages like Solidity and Vyper.
Incentive Programs: Developers can earn up to 90% of the fees generated by their applications, along with access to a pool of approximately 200 million S tokens designed to incentivize both developers and users. The native token, S, will also play a crucial role in governance and transaction fees within the ecosystem.
Security and Governance: The network employs advanced security mechanisms to ensure the integrity of transactions and has implemented a decentralized governance model where S token holders can participate in decision-making processes.