I have recently come across some articles related to FTM and how the team are going to transform it in to a new blockchain with an upgrade called "Sonic"
"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."
There was a funding round which raised $10 Million USD on 23rd of May 2024 as well. Which makes me think that the idea of developing this project in to a top contender is a serious one.
I'd like to know your opinion about this project and if it has any potential with so called sonic upgrade.
I would be looking forward to it and see how it develops before reaching into conclusion or getting into large investment. Fantom already is a good L2, I have used them in past and they are usable with quick transaction and cheap fees.
The TPS of 2K is not an impressive feat at current time but it might be what its actually getting at current test and their might be space of improvement. Utility token is a tough competition and something that's inferior to current market leaders won't steal any market share. Fantom needs to be at least as capable as Solana.