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Sonic Mainnet Launch: EVM-Compatible, Verifiable 10,000 TPS, and Sub-Second Finality
December 18, 2024
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We’re excited to announce the launch of the Sonic mainnet, a high-throughput, EVM-compatible layer-1 blockchain platform that offers developers attractive incentives and powerful infrastructure.

With up to 10,000 transactions per second, sub-second finality, and a native decentralized gateway to Ethereum, Sonic enables developers to create the next generation of apps while offering users the smoothest blockchain experience yet.

FTM holders can now upgrade their tokens to S on Sonic on a 1:1 basis using our upgrade portal and unlock access to Sonic’s diverse range of apps. Developers, continue reading to learn how to deploy your apps on Sonic and start earning.

Users: Start Using Sonic
‎‎‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎— Network Information
‎‎‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎— Upgrade FTM to S
‎‎‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎— MySonic Portal
‎‎‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎— Sonic Gateway
‎‎‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎— Airdrop: Sonic Points

Developers: Build on Sonic
‎‎‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎— Deploy Your App
‎‎‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎— Fee Monetization
‎‎‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎‏‏‎ ‎— Airdrop: Sonic Gems

Resources
— Official Links and Contracts
— Frequently Asked Questions

Users: Start Using Sonic


Network Information

Use the following details to add Sonic to your Web3 wallet of choice.


Upgrade FTM to S

FTM holders can now seamlessly upgrade their tokens to S on a 1:1 basis using the upgrade portal on MySonic. Here’s how it works:

  1. Connect your Web3 wallet to MySonic
  2. Enter the amount of FTM to upgrade
  3. Verify that you’re receiving the same amount of S
  4. Click Upgrade and approve the transaction

In just a few moments, your S will arrive on Sonic, and you’ll be ready to explore everything the ecosystem has to offer! If you're holding FTM on Ethereum or a CEX? Follow our migration guide.

For the first 90 days after Sonic’s mainnet launch, you can freely swap between FTM and S through this portal. After that, upgrades will only be from FTM to S.

📢
If the number of transactions through the upgrade portal exceeds 2 million per day, we reserve the right to add a fee to mitigate spam.

MySonic Portal

MySonic is your all-in-one portal to Sonic, through which you can access:

🔍
Staking S involves a 14-day waiting period if you choose to withdraw.

Sonic Gateway

The Sonic Gateway is a decentralized bridge that facilitates token transfers between Ethereum and Sonic.

The Sonic Gateway is set to launch within the next 24–48 hours.

The bridging process consists of three steps:

  1. Deposit
    Deposit your assets into the bridge, which takes around 10-15 minutes on Ethereum to achieve finalization and only ~1 second on Sonic.
  2. Heartbeat
    After your deposit is confirmed, your assets will be bridged at the next heartbeat, which are intervals that bridge user assets in batches to ensure gas efficiency.  A heartbeat occurs at most every 10 minutes from Ethereum to Sonic and 1 hour the other way. You can pay a Fast Lane fee to trigger an immediate heartbeat.
  3. Claim
    Claim your bridged assets on the destination chain. That’s it! You’re now free to explore the Sonic ecosystem with your new assets.

As cross-chain activity grows, secure and trustless bridges have never been more important Unfortunately, many layer-1 and layer-2 bridging solutions still rely on centralized systems, leaving billions at risk.

The Gateway addresses these challenges through two methods: a fail-safe and true decentralization. The immutable fail-safe automatically unlocks users’ bridged assets on Ethereum if the Gateway stops transmitting heartbeats for two weeks. This ensures users can always regain custody of their funds in the highly unlikely event of a Gateway failure, protecting user assets under all circumstances.

Furthermore, Sonic’s own validator network operates the Gateway by running clients on both Sonic and Ethereum, which ensures that the Gateway is as decentralized as the Sonic chain itself and prevents centralized manipulation.

We’ll expand the Gateway beyond Ethereum in the future, enabling direct, decentralized access to native assets on many other chains.


Airdrop: Sonic Points

As part of the ~200 million S token airdrop, Sonic Points are designed to reward you for engaging with Sonic and interacting with apps on the chain.

Focused on driving meaningful user engagement, Sonic Points incentivize key activities like early adoption, long-term loyalty, asset ownership, and active participation across the platform's apps.

You can earn Sonic Points by bridging whitelisted assets to Sonic or using them within the ecosystem through eligible apps. Learn more on our official documentation.

Developers: Build on Sonic


Deploy Your App

Sonic gives developers the tools they need to build fast, scalable apps, with 10,000 transactions per second and sub-second finality, ensuring your apps are both fast and scalable.

With full EVM compatibility and support for Solidity and Vyper, Sonic works seamlessly with the tools you already know, like Chainlink, Safe, Pyth, Alchemy, and more. Plus, with features like Fee Monetization, you’ll have the incentives to innovate and succeed in the ecosystem.

Start by testing your contracts on the Blaze testnet, and when you're ready, deploy to mainnet. Dive in and see how Sonic can help bring your ideas to life!

Fee Monetization

Fee Monetization (FeeM) on Sonic rewards you with up to 90% of the network fees generated by your apps, providing a sustainable income stream. This allows you to focus on scaling your app and growing your user base without the constant pressure of fundraising or securing additional financing.

Inspired by Web2 ad-revenue models popularized by platforms like YouTube, FeeM ensures you directly benefit from the traffic your apps bring to Sonic. By prioritizing developer rewards, Sonic sets itself apart from many blockchains that offer limited incentives and focus primarily on value extraction.

FeeM is set to launch on Sonic shortly. Stay tuned for more information.

Airdrop: Sonic Gems

As part of the ~200 million S token airdrop, Sonic Gems are developer-focused airdrop points designed to reward apps for driving user engagement and innovation based on their performance on Sonic.

Developers can redeem these Gems for S tokens, which they can then distribute as rewards to their users. Gems empower apps to kickstart growth and sustain long-term user activity by incentivizing consistent interaction and participation.

Are you a developer and want your app to participate in Sonic Gems? Learn more on our official documentation.


Please visit the official Launch Page for contract data and official links. Be careful on X, as there will be plenty of spammers and impersonators. Welcome to Sonic.

 

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👀 Something Historic Just Happened In Colombia

Something historic just happened in Colombia.
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👉 At first, it weighed 2kg, then 6kg and then 10kg.

The same object, no external changes and weight fluctuations recorded live.

What kind of material behaves like this?

The sphere doesn’t emit radiation, but it does mess with electronics.

People near it reported metallic taste, nausea, and phones going haywire. David Vélez wore an anti-static suit just to touch it.

Not exactly your average scrap metal.

A second sphere showed up in Jumbo, caught on camera by a separate witness.

Same shape, movement, and equatorial line.
Italy’s top UAP analysts reviewed the footage.
The metadata was untouched, it wasn't CGI, it’s real.

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With cross-border payments representing a multi-trillion-dollar corridor, that’s where the largest capital will flow and the greatest returns will come from.

At this point, you’re the gatekeeper to the digital economy. Everything else follows or fades away once regulations take effect.

You either see it or you won’t until it’s too late.

~The Black Swan Capitalist

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Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

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💠 'Based Agent' enables creation of custom AI agents
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👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
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NEW "Talking Head" On THETA EDGECLOUD 🚀

Just launched on @Theta_Network EdgeCloud: "Talking Head" now available via On-Demand Model APIs! Upload a portrait + voice clip → get a lifelike "talking head" video in seconds. Perfect for avatars, dubbing, or content creation. Experience now: https://www.thetaedgecloud.com/dashboard/ai/service/on-demand-model-apis

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🚨 “Blockchain chose me.” – @KenChapman, Head of U.S. XDC Network 🇺🇸

From the @USArmy to leading tokenization at @WellsFargo, Ken breaks down how $XDC could capture a chunk of the $30T RWA market.💥

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🚀 XRP: The Emerging Backbone for Islamic-Compliant Fintech in the UAE 🚀

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Musk Turns On Starlink to Save Iranians from Regime’s Internet Crackdown

Elon Musk, the world’s richest man and a visionary behind SpaceX, has flipped the switch on Starlink, delivering internet to Iranians amid a brutal regime crackdown.

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The former Department of Government Efficiency chief activated Starlink satellite internet service for Iranians on Saturday following the Islamic Republic's decision to impose nationwide internet restrictions.

As the Jerusalem Post reports, that the Islamic Republic’s Communications Ministry announced the move, stating, "In view of the special conditions of the country, temporary restrictions have been imposed on the country’s internet."

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The Senate passed the GENIUS Act for stablecoins last week, but significant work remains before it becomes law. The House has a different bill, the STABLE Act, with notable differences that must be reconciled. State banking regulators have raised strong objections to a provision in the GENIUS Act that would allow state banks to operate nationwide without authorization from host states or a federal regulator.

The controversial clause permits a state bank with a regulated stablecoin subsidiary to provide money transmitter and custodial services in any other state. While host states can impose consumer protection laws, they cannot require the usual authorization and oversight typically needed for out-of-state banking operations.

The Conference of State Bank Supervisors welcomed some changes in the GENIUS Act but remains adamantly opposed to this particular provision. In a statement, CSBS said:

“Critical changes must be made during House consideration of the legislation to prevent unintended consequences and further mitigate financial stability risks. CSBS remains concerned with the dramatic and unsupported expansion of the authority of uninsured banks to conduct money transmission or custody activities nationwide without the approval or oversight of host state supervisors (Sec. 16(d)).”

The National Conference of State Legislatures expressed similar concerns in early June, stating:

“We urge you to oppose Section 16(d) and support state authority to regulate financial services in a manner that reflects local conditions, priorities and risk tolerances. Preserving the dual banking system and respecting state autonomy is essential to the safety, soundness and diversity of our nation’s financial sector.”

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Section 16 addresses several issues beyond stablecoins, including preventing a recurrence of the SEC’s SAB 121, which forced crypto assets held in custody onto balance sheets. However, the nationwide authorization subsection was added after the legislation cleared the Senate Banking Committee, with two significant modifications since then.

Originally, the provision applied only to special bank charters like Wyoming’s Special Purpose Depository Institutions or Connecticut’s Innovation Banks. Examples include crypto-focused Custodia Bank and crypto exchange Kraken in Wyoming, plus traditional finance player Fnality US in Connecticut. Recently the scope was expanded to cover most state chartered banks with stablecoin subsidiaries, possibly due to concerns about competitive advantages.

Simultaneously, the clause was substantially tightened. The initial version allowed state chartered banks to provide money transmission and custody services nationwide for any type of asset, which would include cryptocurrencies. Now these activities can only be conducted by the stablecoin subsidiary, and while Section 16(d) doesn’t explicitly limit services to stablecoins, the GENIUS Act currently restricts issuers to stablecoin related activities.

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Is it that bad?

As originally drafted, the clause seemed overly permissive.

The amended clause makes sense for stablecoin issuers. They want to have a single regulator and be able to provide the stablecoin services throughout the United States. But it also leans into the perception outside of crypto that this is just another form of regulatory arbitrage.

The controversy over Section 16(d) reflects concerns about creating a regulatory gap that allows banks to operate interstate without the oversight typically required from either federal or state authorities. As the two Congressional chambers work toward reconciliation, lawmakers must decide whether stablecoin legislation should include provisions that effectively reduce traditional banking oversight requirements.

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If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

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Dubai regulator VARA classifies RWA issuance as licensed activity
Virtual Asset Regulatory Authority (VARA) leads global regulatory framework - makes RWA issuance licensed activity in Dubai.

Real-world assets (RWAs) issuance is now licensed activity in Dubai.

~ Actual law.
~ Not a legal gray zone.
~ Not a whitepaper fantasy.

RWA issuance and listing on secondary markets is defined under binding crypto regulation.

It’s execution by Dubai.

Irina Heaver explained:

“RWA issuance is no longer theoretical. It’s now a regulatory reality.”

VARA defined:

- RWAs are classified as Asset-Referenced Virtual Assets (ARVAs)

- Secondary market trading is permitted under VARA license

- Issuers need capital, audits, and legal disclosures

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This closes the gap that killed STOs in 2018.

No more tokenization without venues.
No more assets without liquidity.

UAE is doing what Switzerland, Singapore, and Europe still haven’t:

Creating enforceable frameworks for RWA tokenization that actually work.

Matthew White, CEO of VARA, said it perfectly:

“Tokenization will redefine global finance in 2025.”

He’s not exaggerating.

$500B+ market predicted next year.

And the UAE just gave it legal rails.

~Real estate.
~Private credit.
~Shariah-compliant products.

Everything is in play.

This is how you turn hype into infrastructure.

What Dubai is doing now is 3 years ahead of everyone else.

Founders, investors, ecosystem builders:

You want to build real-world assets onchain.

Don’t waste another year waiting for clarity.

Come to Dubai.

It’s already here.

 

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🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 Crypto Michael ⚡  The Dinarian

 

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