Back in August, the Fantom team announced their rebranding and migration to a new chain, Sonic. Sonic is a new EVM L1 boasting sub-second transaction times, capabilities for over 10,000 orders/second and other interesting features like gas fee monetization for app developers. Sonic also comes with a new native token for the network, $S. According to the Sonic twitter, mainnet is to be launching next week and current FTM holders will have the option to migrate their FTM to the new S token at a 1:1 ratio.
Migration
Once mainnet is live, FTM holders will be able to bridge their current tokens to Sonic and receive S. The Fantom network will also remain live for the for
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