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	0.03901USDT	20.25%	162,731,979.10S	90,159	0.03243USDT	0.03912USDT
2	S-USDT S_USDT	whitebit	BB	0.03894USDT	19.96%	44,729,523.90S	59,199	0.03246USDT	0.03911USDT
3	S-USD S-USD	coinbase	AA	0.03902USD	20.21%	43,709,091.30S	26,852	0.03246USD	0.03903USD
4	S-TRY STRY	binance	AA	1.90TRY	21.11%	44,330,988.70S	8,500	1.57TRY	1.90TRY
5	S-USDT SUSDT	bybit	A	0.03900USDT	20.15%	39,890,366.00S	36,572	0.03246USDT	0.03907USDT
6	S-USDT S-USDT	okex	A	0.03901USDT	20.18%	29,014,444.65S	24,681	0.03246USDT	0.03907USDT
7	S-USDT S-USDT	kucoin	BB	0.03901USDT	20.29%	26,559,590.40S	21,370	0.03243USDT	0.03914USDT
8	S-USDC SUSDC	binance	AA	0.03901USDC	20.22%	11,818,824.30S	10,299	0.03245USDC	0.03910USDC
9	S-USDT S_USDT	gateio	A	0.03900USDT	20.15%	11,744,293.29S	16,677	0.03246USDT	0.03909USDT
10	S-USD SUSD	kraken	AA	0.03900USD	20.00%	7,878,452.07S	1,287	0.03250USD	0.03900USD
11	S-TRY S_TRY	whitebit	BB	1.89TRY	19.91%	6,767,535.80S	3,326	1.57TRY	1.90TRY
12	S-USDT SUSDT_SPBL	bitget	BB	0.03900USDT	20.15%	6,600,773.13S	6,685	0.03246USDT	0.03907USDT
13	S-USDC S_USDC	whitebit	BB	0.03919USDC	20.92%	5,291,975.70S	1,531	0.03241USDC	0.03920USDC
14	S-EUR S_EUR	whitebit	BB	0.03386EUR	19.90%	2,490,089.90S	1,009	0.02824EUR	0.03386EUR
15	S-EUR SEUR	kraken	AA	0.03370EUR	19.50%	2,249,702.11S	459	0.02820EUR	0.03379EUR
16	S-BTC S_BTC	whitebit	BB	0.0₆4710BTC	17.75%	1,329,404.10S	180	0.0₆4000BTC	0.0₆4750BTC
17	S-USDC S-USDC	okex	A	0.03895USDC	19.66%	1,562,859.45S	623	0.03255USDC	0.03895USDC
18	S-USDC SUSDC	kraken	AA	0.03880USDC	19.02%	864,011.68S	139	0.03259USDC	0.03889USDC
19	S-EUR SEUR	binance	AA	0.03336EUR	18.72%	509,727.80S	428	0.02810EUR	0.03336EUR
20	S-USDC S-USDC	kucoin	BB	0.03910USDC	20.68%	418,332.84S	1,183	0.03240USDC	0.03910USDC
21	S-USD S-USD	okex	A	0.03896USD	20.51%	383,921.33S	348	0.03232USD	0.03896USD
22	S-USD S_USD	cryptodotcom	AA	0.03905USD	20.67%	229,955.00S	173	0.03236USD	0.03905USD
23	S-EUR S-EUR	okex	A	0.03354EUR	18.68%	62,170.00S	67	0.02826EUR	0.03354EUR
24	S-USDC SUSDC	bybit	A	0.03889USDC	18.89%	43,298.90S	38	0.03272USDC	0.03889USDC
25	S-USDT SUSDT	kraken	AA	0.03670USDT	12.92%	36,007.42S	20	0.03250USDT	0.04450USDT
26	S-USDC SUSDC	cexio	BB	0.03421USDC	4.71%	3,692.15S	3	0.03267USDC	0.03563USDC
27	S-USD susd	bitstamp	AA	0.03614USD	11.72%	3,539.80S	3	0.03234USD	0.03614USD
28	S-EUR seur	bitstamp	AA	0.02960EUR	0.00%	0S	0	0.02960EUR	0.02960EUR
29	S-USD SUSD	cexio	BB	0.03501USD	8.56%	966.34S	1	0.03225USD	0.03501USD
30	S-USDT SUSDT	cexio	BB	0.03534USDT	7.14%	650.11S	2	0.03298USDT	0.03534USDT
31	S-USDT s_usdt	xtpub	-	0.03901USDT	20.25%	113,381,344.40S	23,914	0.03243USDT	0.03910USDT
32	S-TRY STRY	btcturk	E	1.90TRY	21.01%	48,454,925.30S	5,501	1.57TRY	2.03TRY
33	S-USDT susdt	huobipro	C	0.03880USDT	19.75%	41,954,287.02S	26,024	0.03240USDT	0.03900USDT
34	S-USDT s_usdt	lbank	C	0.03905USDT	20.41%	38,477,638.10S	22,770	0.03243USDT	0.03907USDT
35	S-USDT SUSDT	bitrue	D	0.03930USDT	20.55%	32,559,199.30S	45,521	0.03259USDT	0.03950USDT
36	S-EUR S-EUR	bitvavo	B	0.03400EUR	20.59%	26,494,860.00S	2,416	0.02819EUR	0.03400EUR
37	S-USDT SUSDT	toobit	C	0.03901USDT	20.25%	20,083,037.00S	18,609	0.03243USDT	0.03905USDT
38	S-USDT S_USDT	coinw	-	0.03883USDT	19.51%	18,993,165.56S	4,139	0.03249USDT	0.03883USDT
39	S-KRW S_KRW	bithumbkorea	-	52.39KRW	19.20%	9,186,862.69S	796	43.95KRW	52.48KRW
40	S-USDT SUSDT	btcturk	E	0.03900USDT	20.56%	9,013,617.00S	752	0.03234USDT	0.03982USDT
41	S-USD S-USD	btse	-	0.03898USD	19.94%	6,802,789.10S	44,556	0.03250USD	0.03910USD
42	S-USDC SUSDC	bitrue	D	0.03930USDC	21.30%	6,642,435.50S	26,179	0.03240USDC	0.03939USDC
43	S-USDT SUSDT	mexc	C	0.03885USDT	19.72%	6,292,032.45S	5,905	0.03245USDT	0.03888USDT
44	S-USDT S_USDT	bitunix	C	0.03891USDT	19.94%	6,269,357.60S	17,708	0.03243USDT	0.03896USDT
45	S-USDT S-USDT	bingx	D	0.03896USDT	20.09%	5,853,816.51S	23,814	0.03245USDT	0.03902USDT
46	S-USDT s_usdt	digifinex	D	0.03910USDT	21.05%	4,615,805.56S	21,804	0.03230USDT	0.03910USDT
47	S-USDT S-USDT	bigone	-	0.03870USDT	19.74%	2,412,106.32S	5,014	0.03232USDT	0.03885USDT
48	S-EUR SEUR	bit2me	B	0.03379EUR	19.86%	2,240,875.22S	454	0.02820EUR	0.03379EUR
49	S-USDC S_USDC	coinw	-	0.03889USDC	20.06%	2,152,172.60S	3,417	0.03240USDC	0.03889USDC
50	S-USDC SUSDC	mexc	C	0.03885USDC	19.72%	1,936,274.21S	3,349	0.03245USDC	0.03885USDC

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