PANews reported on December 18 that according to official news, the Layer1 blockchain project Sonic Labs (formerly Fantom) announced that its mainnet has been officially launched. According to reports, this is a high-throughput, EVM-compatible Layer1 blockchain platform that provides incentives and infrastructure for developers. Sonic can process up to 10,000 transactions per second, sub-second finality, and a native decentralized gateway to Ethereum. FTM holders can now use our upgrade portal to upgrade their tokens to S on Sonic at a 1:1 ratio and unlock access to various Sonic applications.