Sonic SPrice $ 0.503

Sonic is an Ethereum Virtual Machine (EVM) layer-1 blockchain platform developed by Sonic Labs, previously known for the Fantom network.

Key Features:

• High Transaction Speed: Sonic claims to support up to 10,000 transactions per second (TPS), making it one of the fastest blockchains available. The platform boasts a transaction finality time of approximately 720 milliseconds, which is significantly faster than many existing blockchains, including Solana, which typically achieves finality in about 12.8 seconds under normal conditions.

• EVM Compatibility: Sonic is fully compatible with the Ethereum Virtual Machine, allowing developers to easily migrate existing Ethereum projects or create new dApps using familiar programming languages like Solidity and Vyper.

• Incentive Programs: Developers can earn up to 90% of the fees generated by their applications, along with access to a pool of approximately 200 million S tokens designed to incentivize both developers and users. The native token, S, will also play a crucial role in governance and transaction fees within the ecosystem.

• Security and Governance: The network employs advanced security mechanisms to ensure the integrity of transactions and has implemented a decentralized governance model where S token holders can participate in decision-making processes.