The cryptocurrency landscape is evolving rapidly, and one of the most significant recent developments involves the transformation of the Fantom network and its token. Bitget has officially completed the token swap from Fantom (FTM) to Sonic (S), marking a pivotal moment in the blockchain’s evolution. This transition not only reflects a rebranding effort but also signals a broader technological upgrade aimed at enhancing scalability, speed, and decentralization.
The new Sonic (S) token is now fully operational on Bitget, with deposits, withdrawals, and trading activated for all users. This change aligns with the official mainnet launch of Sonic, a next-generation Layer 1 blockchain designed to deliver high performance while maintaining Ethereum Virtual Machine (EVM) compatibility.
Key Details of the Token Swap
- Swap Ratio: 1 FTM = 1 S
Holders of Fantom (FTM) have received an equal amount of Sonic (S) tokens. No additional action is required for users who held FTM on Bitget — the conversion was handled automatically. - Availability: Deposits, withdrawals, and trading for S opened on January 16, 2025, at 16:00 UTC+8.
Users can now freely manage their S tokens within the Bitget ecosystem. - Discontinuation of Old FTM Support: After the swap, Bitget no longer supports deposits or withdrawals for the legacy FTM token. All operations must be conducted using the new S token.
- Sonic Block Explorer: To track transactions and verify network activity, users are encouraged to use the official Sonic block explorer: sonicscan.org
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Understanding the Sonic Network Upgrade
The rebrand from Fantom to Sonic represents more than just a name change — it's a strategic shift toward a more scalable, secure, and community-driven blockchain infrastructure. The Sonic mainnet introduces several groundbreaking features:
- EVM Compatibility: Developers can seamlessly migrate dApps from Ethereum and other EVM-compatible chains without rewriting code.
- 10,000 TPS Throughput: With verified transaction speeds reaching up to 10,000 transactions per second, Sonic is positioned as one of the fastest Layer 1 solutions available.
- Sub-Second Finality: Transactions achieve final confirmation in under one second, drastically improving user experience and enabling real-time applications.
- Enhanced Decentralization: The upgrade includes improvements in consensus mechanisms and validator participation to ensure long-term network resilience.
These advancements make Sonic an attractive platform for developers, investors, and institutions looking for high-performance blockchain solutions that don’t compromise on security or decentralization.
Why This Matters for Crypto Investors
For investors, the transition from FTM to S presents both opportunities and considerations:
- Continuity of Value: Since the swap ratio is 1:1, there is no immediate dilution or inflation of holdings.
- Future Growth Potential: The enhanced capabilities of the Sonic network may attract new projects and liquidity, potentially increasing demand for the S token.
- Ecosystem Expansion: As more developers build on Sonic, utility for the native token could grow through staking, governance, and transaction fee mechanisms.
However, as with any major blockchain upgrade, users should remain vigilant about phishing attempts, fake tokens, and unofficial swap platforms.
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Frequently Asked Questions (FAQ)
Q: What happened to Fantom (FTM)?
A: Fantom has been rebranded to Sonic, and the native token has been upgraded from FTM to S. The old FTM token is no longer supported for transfers on Bitget.
Q: Do I need to manually swap my FTM to S on Bitget?
A: No. If you held FTM in your Bitget account before the swap date, your tokens were automatically converted to S at a 1:1 ratio.
Q: Can I still send old FTM tokens to Bitget?
A: No. Bitget no longer accepts deposits of the legacy FTM token. Only the new S token is supported for充值 and提现.
Q: Is Sonic (S) a new cryptocurrency?
A: While branded as Sonic (S), it is a direct evolution of the Fantom network. It’s not a completely separate project but rather an upgraded version with improved technology and governance.
Q: Where can I check my S token transactions?
A: Use the official Sonic block explorer at sonicscan.org to view balances, transactions, and smart contract interactions.
Q: Will the token migration affect my staking rewards or holdings?
A: No. Your stake has been migrated proportionally to the new S token. Rewards will continue to accrue under the updated network rules.
Core Keywords Integration
This article focuses on key terms that reflect user search intent and industry relevance:
- Sonic (S) – The new native token replacing FTM.
- Fantom (FTM) – The original token now deprecated after the upgrade.
- Token swap – The process of exchanging old tokens for new ones during a blockchain transition.
- Blockchain upgrade – Refers to technical improvements in network performance and architecture.
- EVM-compatible blockchain – Highlights developer accessibility and interoperability.
- High-throughput blockchain – Emphasizes Sonic’s 10,000 TPS capability.
- Sub-second finality – A key performance metric now achieved by the Sonic network.
- Layer 1 blockchain – Positions Sonic within the foundational tier of blockchain infrastructure.
These keywords are naturally embedded throughout the content to enhance SEO visibility without compromising readability.
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Final Thoughts
The completion of the Fantom-to-Sonic token swap on Bitget marks a milestone in the ongoing maturation of blockchain technology. By combining high-speed performance with robust developer tools and a strong community foundation, Sonic aims to carve out a leading role in the next wave of decentralized innovation.
As users adapt to this change, staying informed about official updates and using trusted platforms remains crucial. Whether you're an investor, developer, or enthusiast, understanding these transitions helps you navigate the dynamic world of digital assets with confidence.
Remember: Always verify official announcements through trusted sources and avoid clicking on suspicious links related to token swaps or airdrops. Security should always come first in the decentralized world.