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Sonic Labs Makes Progress Towards Mainnet Launch with Successful Block Transactions
Sonic Labs Completes First Block of Transactions
Sonic Labs has achieved a significant milestone in its blockchain development by successfully completing its first block of transactions. This accomplishment marks a pivotal step towards the mainnet launch of the project.
Impressive Surge in FTM Token Price
Following this development, the FTM token associated with Sonic Labs experienced a remarkable 20% surge in its price. This surge came in response to Sonic Labs’ announcement of an airdrop of 190.5 million $S tokens, valued at over $226 million.
Enhanced Performance with Blaze Testnet
In addition to the airdrop news, Sonic Labs also shared details about its upgraded testnet, named Blaze. The testnet has demonstrated impressive performance metrics, including an average block time of 0.33 seconds, processing 8 transactions per second, and a finality time of 0.8 seconds. These enhancements bring Sonic Labs closer to its mainnet launch.
Introduction of Sonic Gateway
One of the key features of the upcoming mainnet is the Sonic Gateway, a bridge to Ethereum that enables access to Ethereum’s liquidity and user base while maintaining high throughput and low transaction costs. This innovation is poised to bring significant value to the Sonic Labs ecosystem.
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