This week’s crypto calendar is packed with major events, as Sonic Labs is about to launch its L1 mainnet, the Avalanche Etna update went live, Jupuary voting began for Jupiter, and more.
Additionally, Starknet will soon begin STRK token staking, and Stacks Foundation will release a timeline for its sBTC Bitcoin-backed asset.
Sonic Mainnet Is Launching in December
Sonic Labs (formerly known as Fantom) has repeatedly claimed in recent weeks that its Layer-1 mainnet would launch in December. This EVM platform also known as Sonic will offer developers attractive incentives and powerful infrastructure.
However, the company is yet to confirm the exact launch date. A social media post from earlier today teased a few details.
“Tired of waiting months or years for empty launch ‘promises’, and you’re ready to show the world what you can do? Come launch with us on Sonic. Our mainnet goes live this December. Earn up to 90% of your app’s fees. Real 10k at sub-second finality. Secure gateway to Ethereum. Grants available via Innovator Fund. $200 million S airdrop,” Sonic Labs wrote on X (formerly Twitter).
These breadcrumb announcements, alongside Sonic Lab’s airdrop, have generated dramatic interest in the last few days. Sonic’s FTM token has also been performing admirably, surging over 30% in the past week as the mainnet launch approaches. The network’s post-launch success could determine a broader trend in FTM valuation.
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Author: Landon Manning
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