Fantom has officially changed its name to Sonic Labs and is expected to launch the "fastest&quo

The memory blockchain network Fantom officially changed its name to Sonic Labs yesterday and will launch Sonic, the fastest EVM compatible chain for transaction processing. The new network will also come with a brand new native token S.

The official introduction states:

The native token of Sonic Chain will be S, which introduces many exciting changes compared to our existing Opera Chain's FTM token, such as large-scale airdrops, simplified staking, incentive plans, and more

Although the transition from Fantom to Sonic Labs has been completed, the launch of Sonic still needs to wait until November or December 2024.