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Reading https://forum.fantom.network/t/the-new-frontier-building-the-sonic-boom/875
TLDR 
Fantom is launching a new layer-1 blockchain network called Sonic, with a native token $S. Holders of $FTM will be able to migrate their tokens to $S at a 1:1 ratio. The Sonic network aims to provide significantly improved performance compared to the existing Opera network, with a native layer-2 bridge to Ethereum.
Key Points 
- Launch of a new layer-1 blockchain network called Sonic, with native token $S
- $FTM holders can migrate to $S at 1:1 ratio, pending governance vote
- Sonic network to offer improved performance and a native layer-2 bridge to Ethereum
- Fantom Foundation allocating 9-figure sum to support Sonic’s development
- Series of governance votes to shape the future of the Sonic network
In-depth Summary 
The Fantom Foundation is launching a new blockchain network called Sonic, which will serve as a layer-1 platform with a native layer-2 bridge to Ethereum. The new Sonic network aims to provide significantly improved performance compared to the existing Opera network, with the ability to handle over 2,000 TPS with single-second finality.
At the launch of Sonic, the supply of the new $S token will match the current supply of $FTM, allowing for a seamless migration process. Pending a governance vote, $FTM holders will be able to swap their tokens for $S at a 1:1 ratio. This migration process is expected to be bi-directional initially, allowing users to swap back and forth between $FTM and $S.
The Fantom Foundation has committed to continue providing validator support for the Opera network, while a new entity, Sonic Operations Ltd, will support the Sonic network. The Foundation has also earmarked a significant 9-figure sum from its treasury to assist with ecosystem development for Sonic, including marketing, business development, migration grants, and other adoption initiatives.
ELI5 
Fantom is making a new and improved blockchain called Sonic, with a new token called $S. If you have $FTM tokens now, you’ll be able to swap them for the new $S tokens at the same rate (1 $FTM = 1 $S). The new Sonic blockchain will be faster and better than the current Fantom blockchain. Fantom is putting a lot of money and effort into making Sonic successful.
Writer’s Main Point 
The primary goal of the Sonic network is to provide a high-performance, scalable layer-1 blockchain with a native layer-2 bridge to Ethereum, offering users and dApps significantly improved performance compared to the existing Opera network. The Fantom Foundation is fully committed to the success of Sonic, both financially and operationally.
