Sonic

What is Sonic?

Sonic is a **high-performance, EVM‑compatible Layer‑1 blockchain** that evolved from the Fantom Opera network. Launched in late 2024, it redefines on‑chain throughput and developer incentives with sub‑second finality, ultra‑low transaction fees, and a fee‑sharing model that sends ~90% of dApp fees directly back to builders :contentReference[oaicite:1]{index=1}.

Powered by a Directed Acyclic Graph (DAG) consensus and a revamped virtual machine, Sonic achieves up to **10,000 TPS**, finalizing transactions in under **0.75 seconds**—a significant performance leap over its predecessor :contentReference[oaicite:2]{index=2}. :contentReference[oaicite:3]{index=3} :contentReference[oaicite:4]{index=4}.

In addition to raw performance, Sonic offers **powerful developer incentives**. Through its “Fee Monetization (FeeM)” program, developers retain ~90% of gas fees generated by their apps—creating recurring income streams for teams building on the chain :contentReference[oaicite:5]{index=5}. :contentReference[oaicite:6]{index=6} :contentReference[oaicite:7]{index=7}.

The native **S token** plays a critical role—it’s used for staking, transaction fees, validator operations, and governance voting. Existing Fantom (FTM) holders migrated at a 1:1 rate during launch, ensuring continuity in network security and participation :contentReference[oaicite:8]{index=8}.

Sonic also features a **native bridge to Ethereum**, facilitating secure, fast cross‑chain asset transfers :contentReference[oaicite:9]{index=9}. :contentReference[oaicite:10]{index=10} :contentReference[oaicite:11]{index=11}. :contentReference[oaicite:12]{index=12} :contentReference[oaicite:13]{index=13}.

Integration with Cryptoworth

Cryptoworth’s integration with Sonic captures:

• Staking events and validator rewards
• S token transfers and gas payments
• Airdrop receipts and staking unlocks
• Fee Monetization splits for developers
• Cross‑chain bridge activity via Sonic Gateway

That data is turned into a structured subledger: cost allocation for gas and staking, developer income recognition, asset inflows from the Innovator Fund, and entries for cross‑chain transfers. Exportable journal entries and reports support GL systems like QuickBooks, NetSuite, and ERPs—providing **transparent, audit‑ready accounting workflows**.

Learn More

• Sonic Official Website
• Sonic Launch & Migration Details
• Sonic Developer Documentation

Frequently Asked Questions

How is Sonic’s Fee Monetization split tracked in accounting?

Sonic returns ~90% of gas fees to developers through its FeeM model. Cryptoworth pulls detailed data on transaction costs and fee payouts, categorizing these as developer income. This enables finance teams to recognize and report revenue accurately in compliance with financial standards, reflected in subledger entries and GL exports. Learn more on our Crypto Accounting Software page.

Can I migrate Fantom data when moving to Sonic?

Yes. Sonic supports a 1:1 migration from FTM to S tokens and preserves staking and transaction history. Cryptoworth can ingest pre‑migration Fantom data along with post‑migration Sonic data, enabling holistic reporting on staking rewards, validator performance, and asset flows during the transition. For audit‑ready transparency, check out our Crypto Audit pillar.

Does Cryptoworth capture cross‑chain bridge activity?

Absolutely—Sonic’s native Ethereum bridge is integrated. Cryptoworth tracks inbound and outbound transfers via Sonic Gateway, logging token movements and gas fees. These transactions are reflected as inter‑chain transfer entries, exportable to GL systems and align with our Accounts Receivable Automation Software workflows.