The blockchain industry constantly evolves through updates and innovations. Fantom's rebranding to Sonic, along with converting FTM tokens to S, marks a significant step toward a faster, more efficient future. This transition, active since December 18, 2024, aims to position Sonic as a high-speed Layer 1 blockchain compatible with Ethereum Virtual Machine (EVM). Below, we explore Sonic’s features, benefits, and a step-by-step conversion guide.
What Is the Sonic Network?
Sonic is an advanced network designed for scalability and storage, processing up to 10,000 transactions per second with sub-second finality—a major leap from Fantom’s 1–2 second transaction times.
Key Features
- Built as an innovative Solana-based Layer 2 blockchain.
- Offers an airdrop for earning S tokens via ecosystem activities.
- Prioritizes speed, scalability, and low fees.
- The native S token supports payments, staking, and governance.
The S Token: Roles and Utility
The S token powers the Sonic ecosystem with functionalities like:
- Paying transaction fees
- Participating in governance
- Staking for network validation
Choosing a Wallet for FTM-to-S Conversion
Use non-custodial wallets for full asset control. Recommended options:
- MetaMask
- Rabby Wallet
- Coinbase Wallet
- Trust Wallet
- OKX Wallet
👉 Compare wallet fees and security features
Pre-Conversion Checklist
Before converting FTM to S:
- Check network fees: Fees vary based on congestion.
- Verify wallet compatibility: Ensure support for FTM and S tokens.
- Use official portals only: Avoid phishing sites.
Step-by-Step Conversion Process
Step 1: Wallet Setup
- Install a supported wallet (e.g., MetaMask).
- Add the Sonic Mainnet via Chainlist or manually:
| Parameter | Value |
|---|---|
| Network Name | Sonic Mainnet |
| RPC URL | https://rpc.soniclabs.com |
| Currency Symbol | S |
| Block Explorer | https://sonicscan.org |
Step 2: Connect to Sonic Portal
- Visit the official Sonic Portal.
- Link your wallet.
Step 3: Token Conversion
- Enter the FTM amount to convert.
- Click "Upgrade" and confirm the transaction.
- S tokens will appear in your wallet. Delays may occur during network upgrades.
👉 Troubleshoot common conversion errors
Sonic Network’s Innovations
- Speed: 10,000 TPS with <1-second finality.
- EVM Compatibility: Supports Ethereum tools.
- Revenue Model: 90% of dApp fees go to developers.
- Sonic VM: Replaces EVM for optimized smart contract execution.
Why Convert to Sonic?
- Higher throughput: 10x faster than Fantom.
- RWA Access: Tokenized real-world assets (e.g., Bitcoin).
- Airdrop Eligibility: Share of 190.5M S tokens.
Exchange Support
Major exchanges like Binance will auto-convert FTM to S by January 16, 2025. Users holding FTM on these platforms require no manual action.
Timeline and FAQs
- Two-way conversion: Available for 90 days post-launch.
- Post-90 days: Only FTM→S conversions permitted.
Frequently Asked Questions
Q: Is converting FTM to S mandatory?
A: No, but Sonic will receive all future updates.
Q: Are there conversion fees?
A: Yes, fees depend on network congestion.
Q: Which wallets support S tokens?
A: MetaMask, Rabby Wallet, and others listed above.
Q: What’s the S tokenomics?
A: Total supply caps at 175.3B S tokens, released gradually.
Final Thoughts
Sonic’s upgrade enhances scalability, security, and EVM compatibility. By converting FTM to S, users unlock faster transactions and ecosystem rewards. Stay updated via Sonic’s official channels.
For issues, consult our Sonic troubleshooting guide.