From vision to reality, the new Opera is almost here as validators begin upgrading this week.
π₯ Watch our highlight reel below, showcasing our journey to this new era of blockchain innovation.
Opera powered by Sonic tech is coming, and it's undeniably fast β‘οΈ
PS: Weβre keeping the name Opera to refer to this chain. Once the network upgrades, it'll be powered by the new Sonic technology we've showcased for the past six months.
What comes after Opera?
Something much bigger π
The top gas-producing dApps on #Fantom earned over 85k FTM as part of our latest Gas Monetization quarterly bonus.
π Last week, we featured the first 6 innovative dApps driving the most user engagement, and now we're excited to share the final projects.
Check them out π
https://x.com/FantomFDN/status/1784966482742608289
Last week, the top 12 gas-producing dApps on #Fantom earned over 85k FTM as part of our Gas Monetization quarterly bonus.
π We're excited to feature these innovative dApps for driving the most user engagement.
Discover the first 6, and we'll reveal the final 6 on Monday π
https://x.com/FantomFDN/status/1783893123325931993
With our first Opera validator using Sonic tech already launched, we thought itβd be helpful to share some info about:
π Node transition
β
Consensus majority
πͺ Staking power
Explore these topics now as more Opera validators upgrade to Sonic tech in the coming weeks π
https://x.com/FantomFDN/status/1783580589289009329
Announcing the latest #Fantom Gas Monetization quarterly bonus πΈ
π We're distributing 85,000+ $FTM to the top 12 dApps on Fantom that have generated the most gas.
Congratulations to these innovative dApps for driving the most user engagement!
https://earngas.fantom.network/
Innovating on Fantom earns you 15% of your dAppβs gas fees, plus a potential quarterly bonus!
βοΈ Apply for Gas Monetization, open to all builders: https://forms.gle/GDcVuJStZu6BQ6YSA
β Questions Message our BD Lead Sam on Telegram (@samharc).
Let's build Web3's future together.
With nearly $3 million bridged, our canonical stablecoin $USDC.e is running smoothly π΅
Our complete guide will help you maximize its benefits:
π Bridge to USDC.e on #Fantom
π Provide liquidity on top DEXs
https://blog.fantom.foundation/the-complete-guide-to-usdc-e-on-fantom/
The first #Fantom validator using Sonic tech is live β
Marking a major milestone, this deployment paves the way for unleashing Sonic's impressive speeds on the Opera mainnet, achieving ~2,000 TPS at sub-second finality.
Check out the validator page here: https://fantom.foundation/validatorStats?address=0x5486e6671e36664006627100a0eef64537159bcd
We are thrilled to introduce another angel investor joining our round! π€
Stani Kulechov is the founder of Aave and Avara.
Aave is an open source and non-custodial protocol that allows users to earn interest on deposits and borrow assets. The platform boasts over $11B in TVL π₯
$USDC.e is live on #Fantom π
Bridge your tokens: Use the @Wormhole Portal Bridge below and select Ethereum/USDC and Fantom/USDC.e in the two boxes.
β
Quick checklist:
Verify all the details thoroughly in your wallet before confirming.
It's only possible to bridge USDC from Ethereum to get USDC.e on Fantom!
π USDC.e contract address:
0x2F733095B80A04b38b0D10cC884524a3d09b836a
Plus, look out for our upcoming guide on making the most of USDC.e π
https://portalbridge.com/
Say hello to $USDC.e, our canonical stablecoin (stay tuned for bridging instructions) π
USDC.e is a bridged stablecoin on Wormhole and can be upgraded to native $USDC by Circle.
Learn what's required for this upgrade to happen on #Fantom π
https://blog.fantom.foundation/usdc-e-on-fantom-the-pathway-from-bridged-to-native-stablecoin/
We are thrilled to introduce another angel investor joining our round! π€
Michael Egorov is the founder of Curve.
Curve Finance is a decentralized exchange and automated market maker designed for the efficient trading of stablecoins and other assets.
Curve has committed to launch on Sonic π
We are excited to announce that Fantom's canonical stablecoin, $USDC.e, will launch tomorrow (April 5), supported by Circle and Wormhole π
USDC.e on Wormhole is bridged from native $USDC, located in a smart contract on Ethereum, and holds the potential to be upgraded to native USDC in the future. It will be the official, endorsed stablecoin of the #Fantom ecosystem (and all future network upgrades).
This initiative reduces liquidity fragmentation, introduces stability, and provides additional on-ramps onto the ecosystem. By leveraging the Wormhole Native Token Transfers (NTT) standard, USDC.e will be available to all users and developers on Fantom:
π» Developers: Build on bridged USDC with a contract address that will persist even if there is an upgrade to native USDC. No code change needed to support the new asset. Find the tools here: https://www.npmjs.com/package/@wormhole-foundation/wormhole-connect.
π₯ Users: Store, pay, trade, borrow, and lend with bridged USDC that would automatically become native USDC should there be an upgrade. No need to swap to the new asset.
π Ecosystem: Avoid the time-consuming liquidity migration process of educating and incentivizing users to move from bridged USDC to native USDC should there be an upgrade.
We'll be providing liquidity for the canonical stablecoin on Wormhole, making it easy and accessible for users to bridge assets to Fantom and unifying on-chain liquidity.
Should a mutual decision be made between Circle and Fantom to upgrade to native USDC, all USDC.e tokens seamlessly transition to native USDC without the need for developers to update any contract addresses or swap to the new asset.
π RT + share: https://x.com/FantomFDN/status/1775887091995447700
We are excited to introduce another angel investor joining our round! π€
Fernando Martinelli is the CEO of Balancer Labs βοΈ
Balancer is a yield-hub for DeFi liquidity with $1.25b in assets. As a decentralized AMM protocol, Balancer represents a flexible building block for programmable liquidity.
Stay tuned for more π
We are excited to introduce another angel investor joining our round! π€
Tarun Chitra is the founder of Gauntlet
Gauntlet is a financial modeling platform for blockchain and DeFi protocols, aimed at helping these projects optimize their systems plus manage risk through economic simulations.
Stay tuned for more π
A big welcome to the second angel investor joining our round! π€
Robert Leshner is the founder of Superstate and Compound π
Compound currently boasts $2.8b in assets. This sophisticated protocol establishes money markets where pools of assets contain algorithmically derived interest rates based on supply & demand.
Stay tuned for more π
From concept to VC-ready, Sonic Labs is more than an incubator π‘
It's our launchpad for the next generation of innovative, game-changing protocols.
Hear Sam Harcourt explore the core principles behind Sonic Labs π π
https://x.com/FantomFDN/status/1773729016442175983?s=20
We are thrilled to announce the first of many angel investors that have joined our round!
Sam Kazemian is the founder of Frax Finance β¦, one of the largest DeFi protocols with over $1.6bn in assets such as sfrxETH and the FRAX stablecoin.
π Frax is committed to deploying with natively issued assets on the Sonic tech stack Day 1 of launch!
Stay tuned for more π
Discover Thunder Dome, one of our innovative Sonic Labs winners!
Thunder Dome is an all-encompassing SocialFi platform that allows users to engage with communities through tickets, which are social tokens that can be traded π«
See more in the product tour π
Michael Kong Unveils Sonicβs Launch and Beyond
TL;DR π
Sonic will be used to create a new best-in-class decentralized sequencer for L1 and L2 chains, capable 180M daily transactions at sub-second finality, and serve as the foundation to relaunch Fantom as an entirely new community-centric brand.
π Read Michael's full letter: https://blog.fantom.foundation/michael-kong-unveils-sonics-launch-and-beyond/
π RT + share: https://x.com/FantomFDN/status/1772275308105769312
Discover Froqorion, one of our innovative Sonic Labs winners!
Froqorion's Quest is a party-based RPG set in the ancient frog civilization of Froqorion. Gather the four elemental powers to become the avatar and conquer lurking evil πΈ
"Exemplary 99.9% uptime. Fantom's novel solutions position it as a frontrunner in the development of decentralized networks."
Reflexivity Research's Q1 '24 report on #Fantom covered:
π Blockchain consensus
π» Fantom technology
β
Fantom uptime
Let's explore the report π
https://twitter.com/FantomFDN/status/1770851499314188683
Discover Lynx Protocol, one of our innovative Sonic Labs winners!
Lynx is a perpetuals DEX offering high-leverage trading using any token as collateral. Plus, offering single-asset deposits and reduced exposure to trader PnL πΈ
Learn more in this product tour π
https://x.com/FantomFDN/status/1770168458585522238?s=20
Fantom has an exemplary record of 99.9% uptime β¨
Our technology represents a significant leap forward in the quest for a more efficient, secure, and scalable blockchain network.
Reflexivity Research explored this in its latest report on #Fantom π
https://www.reflexivityresearch.com/all-reports/fantom-q1-2024-overview
Ever wanted a loan without going to a bank?
Debita Finance is one of our innovative Sonic Labs winners and is an oracle-less, P2P lending market that exemplifies a better approach to DeFi lending primitives without off-chain dependencies πΈ
Learn more with its product tour π
https://x.com/FantomFDN/status/1768655615881085393?s=20
It's now easier than ever for #Fantom developers to use The Graph Network!
Devs building Fantom subgraphs can now query subgraphs virtually immediately after upgrading to the network β with more updates to come! π
Learn more π
https://x.com/FantomFDN/status/1768315205946159394?s=20
As we prepare for the #Fantom Sonic mainnet, we want to revisit the closed testnet's incredible performances:
π¦ 2,000 TPS (1s TTF) β realistic traffic
π¦ 4,000 TPS (1.3s TTF) β ERC-20 swaps
π¦ 10,000 TPS (1.6s TTF) β ERC-20 transfers
Learn more here π
https://blog.fantom.foundation/3-incredible-performances-from-fantom-sonic-closed-testnet/
Our 2024 liquid staking guide for #Fantom is out! π
Learn how to use Ankr and Beethoven_X to stake your $FTM and still use them across your favorite DeFi apps to maximize their productivity.
Check out some education here π
https://blog.fantom.foundation/liquid-staking-on-fantom-in-2024/
The team speaks during #ETHDenver2024 about
π» simplifying developer onboarding
𧩠increasing ecosystem coordination
π‘ continuing to target innovation
https://x.com/FantomFDN/status/1765812288919924819?s=20
Give the community what they want.
Give the builders what they need to succeed.
Full presentation release coming on Wednesday!
Notifications ON ππ
Introducing Debita Finance, the final of our five Sonic Labs winners π
As a P2P lending platform, it lets users choose their desired collateral, interest rate, and more when looking to loan or borrow assets.
Learn more about them with our Q&A π
https://x.com/FantomFDN/status/1762556169086718412?s=20
Introducing ThunderDome SoFi, the fourth of our five Sonic Labs winners π
As a SocialFi platform, it invites users to engage with communities through tickets, which are tradable social tokens.
Learn more about them with our Q&A π
https://x.com/FantomFDN/status/1762138928771932178
Introducing Froqorion, the third of our five Sonic Labs winners π
As a party-based RPG set in Froqorion, the ancient frog civilization, Froqorion lets players embark on a thrilling adventure and save the civilization from darkness.
Learn more about them with our Q&A π
https://twitter.com/FantomFDN/status/1761095966726259116?t=QlGPt3fY6GI3GYi3DxOD-g&s=19
Introducing Lynx Protocol, the second of our five Sonic Labs winners π
As a perpetuals DEX that offers up to 100x leverage using any token as collateral, it's enabling easier access to high-leverage trading.
Learn more about them with our Q&A π
https://x.com/FantomFDN/status/1760675300198023180?s=20
We've upgraded some of the #Fantom Foundation's archive nodes to Sonic, cutting down their operational costs by a staggering 95%!
These nodes offer:
πΎ 66% storage usage reduction
π 9x higher request capacity
π 10x faster sync
Learn more π
https://x.com/FantomFDN/status/1760396932042862734?s=20
Last call! π»
Time's almost up to participate in our Galxe Memecoin Mania.
4,660+ #Fantom community members have already seized the opportunity for a free NFT by Clokkworky and the chance to win a share of $3,500.
Secure your spot now by Feb 26 π
https://galxe.com/Fantom/campaign/GCSvBtwQqq
Introducing Kiri, the first of our five Sonic Labs winners π
As an innovative green tech startup, Kiri Technologies is revolutionizing sustainability by rewarding eco-friendly actions with real-time points.
Learn more about them with our Q&A π
https://x.com/FantomFDN/status/1759941534001058096?s=20
Today, we are excited to announce the 5 winners of our Sonic Labs incubator!
π Lynx Protocol
Perpetuals DEX that offers up to 100x leverage using any token as collateral.
π ThunderDome
SocialFi service that allows users to engage with communities through tickets, which are tradable social tokens.
πΈ Debita Finance
P2P lending platform that lets users choose their desired collateral, interest rate, and more when looking to loan or borrow assets.
π± Kiri
Green tech start-up that tracks and rewards sustainable behaviors by individuals to help defeat climate change.
πΈ Froqorion
Party-based RPG set in Froqorion the ancient frog civilization. Embark on a thrilling adventure and save Froqorion from darkness.
Keep an eye out for our upcoming deep dives into each project with individual Q&As in the coming days!
RT + share: https://x.com/FantomFDN/status/1759602592340975850?s=20
Community is showing up! β€οΈβπ₯
4,040 #Fantom users have voted on their favorite memecoin, check out the rankings:
πΈ The Blue Pepe
π Chill Pill
πΆ Muttski
π¬ GMFTM
π¦ fTails
π€ Blacky
π fKnuckles
Vote now + secure a free NFT π
https://galxe.com/Fantom/campaign/GCSvBtwQqq
Our Galxe Memecoin Mystery Mania campaign is strongly underway and offers participant a free NFT plus the chance to win a share of $3,500 πΈ
The campaign showcases 7 memecoins on #Fantom that strive to bring real products to the network.
Learn about each of them here π
https://x.com/FantomFDN/status/1755616611359441266?s=20