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Fantom Gains 8% as Sonic Labs Introduces Game-Changing Genesis Block

Fantom rises 8%, fueled by Sonic Labs' groundbreaking Genesis Block announcement.

3 min December 3, 2024

Highlights:

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Fantom rose 8% after Sonic Labs unveiled the Genesis Block milestone.

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Sonic Chain delivers 10,000 TPS and one-second confirmation times, showcasing innovation.

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FTM trading volume surged 126%, sparking optimism for surpassing previous price records.

Fantom Gains 8% as Sonic Labs Introduces Game-Changing Genesis Block

Fantom (FTM) made headlines after surging 8% in just 24 hours. The boost comes as Sonic Labs reveals the Genesis Block for a groundbreaking smart contract chain. Fantom’s price performance and trading volume have both spiked, setting the stage for more gains.

 

Sonic Labs Ignites Innovation with Genesis Block

 

 

Sonic Labs has reached a turning point by introducing the Genesis Block for its advanced chain. This marks the beginning of a smart contract system designed for exceptional speed and efficiency. Block 0 kicks off an infrastructure capable of delivering blazing-fast transactions.

 

The Blaze testnet, launched days earlier, demonstrated this chain's power. Reports confirm 10,000 Transactions Per Second and one-second confirmation times. These achievements place Sonic Chain among the fastest Layer-1 protocols today. 

 

Co-founder Andre Cronje shared that more on-chain developments, including DApps, are just around the corner. The push toward innovation underscores Sonic Labs’ move away from the Fantom Network.

 

Fantom Surges as Momentum Builds

 

While Bitcoin and other altcoins consolidate, Fantom is gaining momentum. Trading volume skyrocketed by 126%, surpassing $1 billion in just one day. The token now trades at $1.176, up 7.49%, as enthusiasm grows among investors.

 

Market analysts predict Fantom could surpass its previous All-Time High of $3.481. Some even forecast a jump to $15 in the coming year. With Sonic Labs driving excitement and Fantom leading the bullish trend, the future looks bright.

 

Sonic Labs' Genesis Block represents more than technical progress—it symbolizes a leap forward in blockchain innovation. Fantom, backed by this momentum, continues to shine as a promising force in the crypto world.

 

 

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