Sonic Labs is a blockchain project that emerged from the rebranding of the Fantom Foundation in August 2024. It operates the Sonic blockchain, a layer-1 platform designed to process digital assets with enhanced speed and scalability. Sonic supports over 10,000 transactions per second (TPS) with near-instant finality, making it one of the fastest blockchain solutions currently available. It also features a built-in layer-2 bridge for seamless Ethereum connectivity. The native token of the Sonic network is called S (Sonic Token). This token plays a central role in governance, staking, and paying transaction fees within the Sonic ecosystem. Users can stake their S tokens to secure the network, participate in governance decisions, and operate validator nodes.

What is Sonic (S) used for?

The S token serves multiple functions within the Sonic ecosystem: * **Governance:** Holders can stake S tokens to participate in decision-making, influencing the development and future direction of the Sonic network. * **Staking:** Users stake their S tokens to help secure the network, in return earning rewards. Running validator nodes also requires staking a minimum amount of S tokens. * **Transaction Fees:** S tokens are used to pay for transaction fees within the network, facilitating fast and low-cost transactions. * **Incentives:** Sonic Labs offers incentive programs, including airdrops and staking rewards, to encourage network participation and early adoption.

Who created Sonic (S)?

Sonic Labs was established following the rebranding of the Fantom Foundation. Fantom, a well-known blockchain platform, shifted its focus toward Sonic Labs in mid-2024 to address scaling issues and enhance user experience. The rebranding introduced new governance structures via the Sonic Foundation, which now manages treasury functions and network governance.

Sonic Labs (S) Markets

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	S-USDT SUSDT	binance	AA	0.04081USDT	7.42%	53,867,853.60S	26,460	0.03799USDT	0.04304USDT
2	S-USDT S_USDT	whitebit	BB	0.04075USDT	7.23%	39,831,548.90S	26,918	0.03801USDT	0.04310USDT
3	S-USDT S-USDT	okex	A	0.04083USDT	7.33%	22,834,704.50S	40,123	0.03803USDT	0.04301USDT
4	S-USDT SUSDT	bybit	A	0.04080USDT	7.20%	19,414,278.10S	17,854	0.03805USDT	0.04302USDT
5	S-TRY STRY	binance	AA	2.06TRY	8.54%	11,501,062.00S	2,454	1.90TRY	2.20TRY
6	S-USD S-USD	coinbase	AA	0.04080USD	7.48%	10,133,085.20S	9,309	0.03796USD	0.04302USD
7	S-USDT S-USDT	kucoin	BB	0.04077USDT	7.23%	8,237,396.00S	7,745	0.03803USDT	0.04302USDT
8	S-USDC S_USDC	whitebit	BB	0.04091USDC	8.00%	7,744,464.50S	2,641	0.03787USDC	0.04310USDC
9	S-TRY S_TRY	whitebit	BB	2.03TRY	7.38%	6,103,671.80S	2,053	1.89TRY	2.16TRY
10	S-USDT SUSDT_SPBL	bitget	BB	0.04084USDT	7.56%	4,321,268.57S	3,775	0.03798USDT	0.04311USDT
11	S-USD SUSD	kraken	AA	0.04080USD	7.37%	3,829,406.89S	920	0.03800USD	0.04290USD
12	S-USDT S_USDT	gateio	A	0.04082USDT	7.36%	3,811,307.00S	5,438	0.03802USDT	0.04304USDT
13	S-EUR SEUR	kraken	AA	0.03620EUR	7.74%	2,929,479.86S	523	0.03360EUR	0.03870EUR
14	S-EUR S_EUR	whitebit	BB	0.03642EUR	7.47%	2,862,765.20S	1,273	0.03389EUR	0.03826EUR
15	S-USDC SUSDC	binance	AA	0.04075USDC	7.66%	2,729,309.80S	1,524	0.03786USDC	0.04351USDC
16	S-BTC S_BTC	whitebit	BB	0.0₆5070BTC	3.26%	1,400,384.80S	328	0.0₆4910BTC	0.0₆5330BTC
17	S-USDC SUSDC	kraken	AA	0.04100USDC	7.89%	720,668.95S	87	0.03800USDC	0.04270USDC
18	S-EUR seur	bitstamp	AA	0.03632EUR	6.35%	483,502.10S	25	0.03415EUR	0.03707EUR
19	S-USDT SUSDT	kraken	AA	0.04140USDT	7.53%	195,091.46S	30	0.03850USDT	0.04140USDT
20	S-USDC S-USDC	okex	A	0.04095USDC	8.30%	193,481.40S	414	0.03781USDC	0.04304USDC
21	S-USD S_USD	cryptodotcom	AA	0.04015USD	6.02%	169,266.10S	79	0.03787USD	0.04260USD
22	S-EUR S-EUR	okex	A	0.03690EUR	8.79%	134,596.50S	77	0.03392EUR	0.03833EUR
23	S-USDC S-USDC	kucoin	BB	0.04150USDC	9.50%	103,754.66S	217	0.03790USDC	0.04290USDC
24	S-EUR SEUR	binance	AA	0.03658EUR	6.68%	75,073.60S	98	0.03429EUR	0.04560EUR
25	S-USD susd	bitstamp	AA	0.04206USD	8.54%	35,561.90S	8	0.03874USD	0.04209USD
26	S-USDC SUSDC	bybit	A	0.04059USDC	5.15%	4,875.10S	12	0.03861USDC	0.04213USDC
27	S-USD SUSD	cexio	BB	0.04129USD	10.33%	1,011.92S	2	0.03742USD	0.04129USD
28	S-USDC SUSDC	cexio	BB	0.04027USDC	6.09%	700.56S	1	0.03796USDC	0.04027USDC
29	S-USDT SUSDT	cexio	BB	0.04125USDT	7.96%	467.04S	1	0.03821USDT	0.04125USDT
30	S-USDT s_usdt	xtpub	-	0.04081USDT	7.37%	18,860,273.30S	5,895	0.03801USDT	0.04304USDT
31	S-USDT s_usdt	lbank	C	0.04081USDT	7.25%	13,493,409.30S	8,727	0.03805USDT	0.04302USDT
32	S-USDT SUSDT	bitrue	D	0.04080USDT	7.37%	12,122,152.60S	38,520	0.03800USDT	0.04320USDT
33	S-USDT SUSDT	toobit	C	0.04081USDT	7.34%	8,087,132.70S	12,817	0.03802USDT	0.04300USDT
34	S-USD S-USD	btse	-	0.04086USD	7.30%	6,990,799.88S	43,839	0.03808USD	0.04310USD
35	S-TRY STRY	btcturk	E	2.05TRY	8.46%	6,463,129.30S	822	1.89TRY	2.14TRY
36	S-USDC SUSDC	bitrue	D	0.04070USDC	7.11%	5,319,726.20S	25,595	0.03800USDC	0.04310USDC
37	S-USDT S_USDT	coinw	-	0.04082USDT	7.34%	5,156,968.40S	2,267	0.03803USDT	0.04295USDT
38	S-USDT S-USDT	bigone	-	0.04141USDT	7.42%	4,882,479.04S	4,605	0.03855USDT	0.04277USDT
39	S-EUR S-EUR	bitvavo	B	0.03628EUR	6.68%	4,264,541.65S	769	0.03401EUR	0.03820EUR
40	S-USDT SUSDT	mexc	C	0.04084USDT	7.42%	3,452,875.86S	6,098	0.03803USDT	0.04300USDT
41	S-USDT S_USDT	bitunix	C	0.04080USDT	7.26%	3,387,200.10S	13,157	0.03803USDT	0.04301USDT
42	S-EUR SEUR	bit2me	B	0.03620EUR	7.74%	2,703,678.62S	496	0.03360EUR	0.03870EUR
43	S-USDT SUSDT	btcturk	E	0.04120USDT	8.56%	2,437,235.00S	306	0.03794USDT	0.04301USDT
44	S-USDT S-USDT	bingx	D	0.04081USDT	7.45%	2,301,404.49S	10,196	0.03798USDT	0.04303USDT
45	S-KRW S_KRW	bithumbkorea	-	54.66KRW	8.07%	1,743,268.22S	282	50.58KRW	57.09KRW
46	S-USDT s_usdt	digifinex	D	0.04080USDT	7.37%	1,523,919.13S	7,959	0.03800USDT	0.04300USDT
47	S-USDC SUSDC	mexc	C	0.04079USDC	7.29%	1,321,508.71S	2,941	0.03802USDC	0.04289USDC
48	S-USDT S_USDT	bydfi	-	0.04083USDT	7.33%	1,001,040.97S	3,098	0.03803USDT	0.04299USDT
49	S-USDC S_USDC	coinw	-	0.04080USDC	7.37%	769,005.20S	2,029	0.03800USDC	0.04300USDC
50	S-USDC S_USDC	bydfi	-	0.04080USDC	7.37%	312,547.21S	2,882	0.03800USDC	0.04300USDC

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