"Fantom (FTM), a layer-1 blockchain designed to challenge Ethereum’s dominance. He highlighted the upcoming Sonic upgrade, which will transform Fantom into a new blockchain, replacing the original. This rebrand, accompanied by technical enhancements, could drive significant interest and investment in Fantom. Davis praised Sonic’s impressive transaction speed of 2,000 transactions per second and sub-second finality, noting that these features position Fantom as a strong contender in the blockchain space."
The community has responded positively to this news but how effective will this upgrade be we will know when it is completed. The problem with most blockchains is scalability, and with this new upgrade, the team wants to resolve it. I have seen other blockchains doing the same but they have not been so successful and I do not think Fantom will be able to resolve it. If it's ecosystem gets going then they will have to again look into upgrades or patches to counter the congestion issue.