As a seasoned crypto investor with a knack for spotting promising projects, I find myself intrigued by the Sonic Chain, especially after its impressive 1,000,000 block milestone within four days of going live on the mainnet. With its reported TPS of 1,620 and potential to reach even higher, it’s clear that Sonic is a contender in the fast lane.
In simple terms, the Sonic Chain – created by the Fantom team – has achieved a significant achievement, roughly four days after its launch on the main network. As shared on their official X account, the chain has successfully generated 1 million blocks. This notable accomplishment has sparked growing interest within the community, who are urging for a bridge to be established to connect with other networks.
Sonic Chain by The Numbers
Previously, the protocol had disclosed the Transaction Per Second (TPS) figures from early users. Notably, lead developer Andre Cronje highlighted a TPS of 850 even though the network wasn’t running at full capacity yet. Interestingly, Sonic Chain’s performance on sealaunch onchain explorers reached 1,620 TPS on December 18.
According to Andre Cronje’s recent announcement, the “safe operating mode” is now activated for the latest layer-1 scaling solution. This feature was implemented to allow a sufficient number of validators to join the network. It’s important to note that most statistics are individually tracked and may adjust as the Sonic Chain develops further.
On December 18, the main network for Sonic officially launched following numerous months of intensive development work. This new protocol represents an evolutionary step for Fantom, signified by the shift to Sonic Labs back in September.
As the official release took place, there’s been a lot of interest within the industry about what this protocol could bring. Notable figures like Ran Neuner have even praised the network for being one of the quickest in the system.
To boost its continued expansion, Sonic Labs recommends that the Uniswap Decentralized Autonomous Organization (DAO) set aside 250,000 UNI as incentives for validators participating in liquidity mining. This 250,000 UNI would be an addition to its existing 500,000 S allocation, serving the same purpose.
We’re suggesting that the Uniswap Decentralized Autonomous Organization (DAO) should consider adding an extra 250,000 UNI tokens as part of its liquidity mining incentives, on top of the current 500,000 units.
The era of DeFi on Sonic is nearing.
— Sonic Labs (@SonicLabs) December 20, 2024
Triggering Layer 1 and 2 Networks
In my role as a researcher, I am observing an exciting shift within the digital currency ecosystem, which seems poised for a new epoch in the crypto sphere characterized by more assertive regulations. With this context, each protocol is eager to seize a significant portion of the market share amidst an administration that appears to be leaning towards cryptocurrencies under President Donald Trump’s leadership.
Sonic Chain aims to challenge leading competitors such as Ethereum, Solana, XRP Ledger, and innovative Layer-2 platforms like Base Network. Although Sonic Chain has made a promising beginning, it’s unclear if it can keep pace with protocols like Base that currently hold a significant share of the TVL (Total Value Locked) in the Ethereum ecosystem.
Before the official release, Andre Cronje outlines his strategy for deploying a sequence of Decentralized Applications (DApps) aimed at boosting the performance of the protocol.
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2024-12-22 01:08