Sonic Labs, the Layer 1 blockchain project that is a split off the existing Fantom network, announced its new blockchain has produced its first block of transactions. Now that “Genesis” has been achieved, the network is expected to go “public soon.”
Sonic is a speed-focused Ethereum Virtual Machine-compatible blockchain that looks to offer innovators “attractive incentives and powerful infrastructure.“
According to a statement in late November, the Sonic testnet saw “incredible performance enhancements” including an average block time of 1.17 seconds and a finality time of 0.85 seconds for its first 221,000 blocks.