Sonic
SWhat is Sonic (S): complete guide for Beginners and Investors
Sonic is a high-throughput smart-contract chain, the successor to the Fantom network and its FTM token.
Rate
At this moment, the price of Sonic is —. The 24-hour trading volume is —. Over the past 24 hours, the price of Sonic has changed from — to —. The daily high reached — over the past 24 hours, while the daily low was —.
History
Fantom’s team rebuilt the stack and relaunched it as Sonic in late 2024, migrating holders to the new S token.
Technology
The chain targets very fast finality and Ethereum compatibility, with a fee model that returns part of the revenue to application developers.
Use cases
S is traded as exposure to alternative layer-1 activity, and depends heavily on whether applications actually migrate.
Forecast
Walbi does not publish price targets. What can be said is what moves this instrument: s is traded as exposure to alternative layer-1 activity, and depends heavily on whether applications actually migrate. It trades here as a USD-settled perpetual contract, so a position carries no ownership of the underlying and funding is exchanged between long and short holders for as long as it stays open.
Sonic details
| Ticker: | S |
|---|---|
| Website: | https://www.soniclabs.com |
| Algorithm: | Proof of Stake |
| Type: | Cryptocurrency · Layer 1 |
| Launch: | 2024 |