Sonic (S)

What is Sonic?

Sonic is a high-performance blockchain network designed for speed, scalability, and seamless integration with Ethereum.

Here are 5 key points about Sonic:

High throughput: Capable of processing over 10,000 transactions per second (TPS).

Near-instant finality: Transactions confirm in less than a second.

Ethereum bridge: The Sonic Gateway provides a decentralised bridge to Ethereum with built-in safeguards.

EVM compatibility: Fully supports Ethereum smart contracts and developer tools.

Token migration: Sonic is transitioning from the Opera chain and FTM token, with users able to upgrade FTM to S on a 1:1 basis.

The role of S in the Sonic ecosystem

The native token S serves multiple purposes:

Transaction fees: Used to pay for all network operations.

Staking and validation: Required for staking and running validator nodes.

Governance: Gives holders a say in protocol upgrades and policies.

Sonic on Wraith Wallet

With Wraith Wallet, you can:

Bridge Fantom (FTM) to Sonic (S) via WalletConnect.

Store S securely.

Send and receive S tokens natively.

What are ERC20 tokens on Sonic?

Sonic supports ERC20 tokens within its ecosystem.

These tokens function the same as Ethereum-based ERC20s, thanks to Sonic’s EVM compatibility.

Users benefit from significantly lower fees compared to Ethereum.

How to get Sonic (S)

Bridge Fantom (FTM) to Sonic (S) directly in Wraith Wallet via WalletConnect.

Receive S tokens with your unique Sonic wallet address in the app.

📌 Note: You can manually enable Sonic by selecting Manage Token List in-app. ⚠️ Only send Sonic (S) to Sonic addresses.

Transaction fees on Sonic

Sonic is designed for low-cost transactions, making it efficient for both developers and users.

Developers can earn up to 90% of fees generated by their applications via Sonic’s Fee Monetisation programme.

Fees remain transparent and consistent, avoiding unexpected costs.

Checking balances

Wraith Wallet connects directly to the Sonic network to show your S balance. You can also select View on SonicScan in-app for on-chain tracking.

SonicScan is the default explorer integrated with Wraith Wallet.

Why choose Wraith Wallet for Sonic?

User-friendly design: Simple to use for beginners and professionals alike.

Robust security: Full self-custody ensures you keep control of your assets.

Continuous innovation: Frequent updates expand features and functionality.

Summary Sonic delivers high speed, low fees, and Ethereum compatibility, making it a strong choice for users and developers alike. With Wraith Wallet, you can bridge, store, and manage S tokens securely while taking advantage of Sonic’s powerful blockchain ecosystem.

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