Fantom

<p><strong>The migration process will let users swap between $FTM and $S tokens easily. Fantom’s price may keep rising above $1. Fantom Foundation recently revealed more about its new Sonic Network, a Layer-1 blockchain that connects to Ethereum via a Layer-2 bridge, giving it access to many users, liquidity, and protocols.</strong></p><h2 id="header-0">Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">www.ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Chika-Moji-Airdrop.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p>Fantom is launching the Sonic chain with $S tokens matching the $FTM supply. Users can swap $FTM for $S at a 1:1 ratio. This rollout gives <a href="https://cryptosheadlines.com/web3-app-development-platform-sort-secures-3-5m-funding-for-product-expansion/" rel="noopener noreferrer nofollow">developers time to transition to the new platform</a>.</p><h3 id="sonic-network-and-sonic-bridge-a-new-era-in-blockchain-technology">Sonic Network and Sonic Bridge: A New Era in Blockchain Technology</h3><p>The combination of Sonic Network and Sonic Bridge positions Sonic in a league of its own. For the first time, an ecosystem will fully benefit from a layer-1 blockchain while offering native access to ETH. This unique integration combines the low cost, scalability, and speed of a layer-1 <a href="https://cryptosheadlines.com/shiba-inu-launches-shibarium-layer-2-blockchain/" rel="noopener noreferrer nofollow">blockchain with the security of a layer-2</a> bridge, providing access to native ETH and other assets on Ethereum.</p><p>Sonic technology has undergone intense development, resulting in the upgraded Opera chain, which now achieves 2,000 TPS of real-world traffic with single-second finality. This upgrade significantly reduces storage needs and costs. As a next-generation platform for builders, Sonic will empower dApps and communities to thrive.</p><h3 id="smooth-transition-to-sonic-chain-ftm-to-s-migration">Smooth Transition to Sonic Chain: $FTM to $S Migration</h3><p>Upon the <a href="https://cryptosheadlines.com/fantoms-ftm-price-surges-20-with-fantom-sonic-launch/" rel="noopener noreferrer nofollow">launch of the Sonic</a> chain, the supply of $S tokens will align with that of $FTM, ensuring a smooth transition process. According to the press release, pending the outcome of the governance vote initiated today, users will be able to migrate their $FTM tokens to the new $S tokens at a 1:1 ratio during the genesis phase. This introduction of the Sonic chain will provide developers, applications, and users within the Fantom ecosystem ample opportunity to transition to this innovative platform.</p><h2 id="header-1">Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">www.ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Chika-Moji-Airdrop-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p>Initially, the migration process is expected to be bidirectional, allowing users to switch between $FTM and $S tokens. Since $S will exclusively exist on Sonic and $FTM on Opera, a bridge is anticipated to facilitate these bidirectional swaps. This <a href="https://cryptosheadlines.com/base-network-approaches-2-million-daily-transactions-trails-behind-polygon-and-bsc/" rel="noopener noreferrer nofollow">approach ensures a seamless migration for current Opera network</a> participants to embrace the Sonic experience.</p><p><a href="https://cryptosheadlines.com/most-new-binance-tokens-lost-value-despite-market-rally/" rel="noopener noreferrer nofollow">Also Read:   Most New Binance Tokens Lost Value Despite Market Rally</a></p><p>However, once the transitional period ends, the migration will become one-way from $FTM to $S. This news can further boost the Fantom (FTM) price, which has already been on a strong surge over the past week. As of press time, Fantom (FTM) is trading 7.13% up at $0.8595, with a market cap of $2.4 billion.</p><p></p><p>Over the last week, Fantom’s price has increased by nearly 20%, driven by the surge in the total value locked (TVL) on the protocol.</p><p><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</p>

Fantom Shares More About Sonic Network; Will FTM Price Keep Rising?

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