Why did the Phantom reform itself as Sonic?
Fantom was one of the pioneers in Directional Environmental Graphs (DAG) design for distributed ledgers. It featured fast finality and a fraction of the trading fee. However, Fantom relied on Ethereum-derived account storage models and EVMs, resulting in bloated storage and slower execution times.
To address these bottlenecks and implement numerous other updates, the team behind Fantom has deployed Sonic, a new, completely independent blockchain network. A new report by HTX explores Sonic’s technical background, its new talknomics model, and the innovation it brings to Defi.
Download the full report for free here
Sonic’s Technical Architecture
Sonic runs on its own SonicVM execution engine and dynamically converts EVM Bytecode to a faster internal format for faster execution. It also optimizes severe calculations to prevent repetitive tasks and prevents contract codes before contract codes to cache valid jump destinations. SonicVM is fully compatible with EVM. This means Fantom Smart Contracts can run seamlessly on the new blockchain.
Sonic uses a new database design called SonicDB to address the issue of synchronization between Hefty Onchain Data Storage and slow nodes. SonicDB separates the blockchain state into two databases. Use vivedB to quickly access current state and execution, and ArchivedB to store full historical data. This separation allows consensus nodes to reduce data storage requirements by up to 90%, thus significantly reducing hardware requirements and synchronization times.
For a more comprehensive explanation of Sonic’s technical aspects, download the full report for free here.
Introducing S tokens
The Sonic Mainnet is equipped with a new native token. FTM holders can convert tokens to S at a 1:1 ratio using the official portal. The S will remain non-inflatable for the first six months after the release of Mainnet in December 2024. 6% of the initial supply is then minted to reward early users of the blockchain. The complete report provides detailed coverage of several capital-efficient airdrop farming strategies with a variety of risk profiles.
Sonic also rewards developers through the Gas Toll Monetization (FEEM) mechanism. Up to 90% of the transaction fees for the entire participating application are transferred to the developer, with the rest being routed to the validator.
Become a new hub for defi
Andre Cronje, one of the founders of Fantom and one of the masterminds behind the Yearn.Finance protocol, is at the forefront of Sonic’s Defi Innovation. Cronje has announced Flying Tulip, a new Defi platform that combines trading, liquidity pools and lending capabilities. This report describes some of the innovations Tulip brings to the Sonic Blockchain.
Flying tulips are based on the same concept as the dynamic bond curve of curve V2. AMMs with dynamic coupling curves adjust their curvature based on how close the pool price is to the external price observed by Oracle. It also automatically concentrates liquidity on current prices, simplifying liquidity management and increasing capital efficiency. Flying Tulip uses new dynamic loans and value models to introduce even faster equilibrium curve updates and narrow ranges, along with other improvements. For more information about Flying Tulip and its benefits, see the Full Sonic Report from HTX.
Download the full report for free here
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