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Fantom’s Sonic upgrade to elevate DeFi and transaction speed

source-logo  forkast.news 26 March 2024 18:06, UTC

The Fantom Foundation is set to launch Sonic, an upgrade that will substantially enhance transaction speeds to 2,000 transactions per second (TPS) and improve decentralized finance (DeFi) support.

Expected to roll out in late summer or early fall, this upgrade will introduce features such as liquid staking and a shared sequencer for layer 1 and layer 2 chains.

The upgrade is expected to support over 180 million transactions daily with immediate confirmation, marking a tenfold increase in processing capability.

This enhancement is part of Fantom’s broader strategy to revamp its brand and cater to a growing user base seeking reliable and swift blockchain transactions.

The forthcoming Sonic upgrade is also accompanied by changes that aim to fortify the platform’s security and staking processes.

Notably, these changes include a new bridging solution with Ethereum.

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