TechFlow reports that on December 18, Layer1 blockchain project Sonic Labs (formerly Fantom) announced the official launch of its mainnet. The network supports EVM compatibility, enabling a transaction processing capacity of 10,000 transactions per second with sub-second finality, and provides a native decentralized gateway to Ethereum. FTM holders can now upgrade their tokens to Sonic network token S via the upgrade portal at a 1:1 ratio. This two-way conversion channel will remain open for 90 days following mainnet launch, after which only one-way upgrades from FTM to S will be supported.
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