Sonic (S) perpetual market

Sonic is a high-performance layer-1 blockchain compatible with the Ethereum Virtual Machine, launched as a rebrand and technical successor to the Fantom network by Sonic Labs, with Andre Cronje among its prominent figures. It emphasises very fast transaction finality and high throughput, and offers a fee-monetisation model that returns a portion of network fees to the developers building applications on it, intended to attract activity. The network provides a bridge for users migrating from Fantom and aims to position itself among the faster EVM-compatible chains. Its native token, S, replaced Fantom's FTM token through a swap and is used to pay transaction fees, stake to help secure the network and participate in governance. Sonic's relevance rests on its ability to attract developers and liquidity, and it competes with other performance-focused smart-contract platforms.