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Forums › DeFi & On-Chain Finance › The emergence of Sonic and what it means for Defi: Report
Fantom, known for its DAG design for distributed ledgers, faced issues with Ethereum’s storage model, causing slow execution. To address this, Fantom launched Sonic, a new blockchain. 🚀 Sonic uses SonicvM for faster execution and SonicDB for efficient data storage. 🛠️ The Sonic Mainnet features a non-inflationary native token, S, and rewards developers via a gas cost monetization mechanism. Andre Cronje leads DeFi innovation on Sonic with Flying Tulip, offering advanced liquidity and loan features. 🌐 Download HTX’s full report for details.
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