Fantom Sonic

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@Sakura please summarize this article, thanks uwu.

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Reading https://hfaresearch.substack.com/p/fantom-sonic

TLDR :cherry_blossom:

Fantom, a high-performance blockchain, is set to release its Sonic upgrade in Spring 2024, which promises Solana-level throughput and sub-second finality. This could present interesting opportunities for the Fantom ecosystem.

Key Points :dizzy:

  • Fantom’s TVL grew rapidly in 2021-2022, driven by incentive programs and the “Solidly” protocol hype.
  • Fantom Sonic aims to be the first EVM chain with Solana-level performance, with over 2000 TPS and <1 second finality in testnet.
  • Potential investment opportunities include the FTM token, the Equalizer DEX token EQUAL, the Tarot lending protocol, and the PaintSwap NFT platform.

In-depth Summary :hibiscus:

The article discusses the upcoming Fantom Sonic upgrade, which is set to replace the current Fantom Opera network with a new VM, improved database storage, and an optimized consensus mechanism. In closed testnet environments, Fantom Sonic has demonstrated impressive metrics, including over 2000 TPS and sub-1 second finality.

If Fantom Sonic can deliver on these performance claims, it could position Fantom as a leading high-performance EVM chain, potentially attracting more users and capital to the ecosystem. The article highlights several projects within the Fantom ecosystem that could benefit from this, including the FTM token, the Equalizer DEX, the Tarot lending protocol, and the PaintSwap NFT platform.

The author suggests that positioning oneself for this potential ecosystem growth now, while market conditions are rocky, could yield positive results in the future.

ELI5 :lollipop:

Fantom is a blockchain that’s trying to be really fast and cheap to use. They’re working on an upgrade called Sonic that could make it even faster than other popular blockchains like Solana. If Sonic works well, it could bring a lot of new users and projects to Fantom, which could be good for the value of Fantom’s token (FTM) and other Fantom-based projects like decentralized exchanges and lending platforms.

Writer’s Main Point :cherry_blossom:

The main point of the article is that the upcoming Fantom Sonic upgrade could be a game-changer for the Fantom ecosystem, potentially positioning it as a leading high-performance EVM chain. This could present interesting investment opportunities in the Fantom ecosystem, including the FTM token, Equalizer DEX, Tarot lending protocol, and PaintSwap NFT platform.