Fantom (FTM) cryptocurrency is experiencing growth due to the positive update in its ecosystem featuring Sonic. Sonic Testnet has launched, bringing Fantom closer to its mainnet launch. The development of Sonic marks a significant shift in Fantom's evolution as a key DeFi protocol. Despite facing challenges and limited adoption compared to its counterparts, Fantom hopes that Sonic's rebranding will address these issues. Sonic is an Ethereum Virtual Machine (EVM) compatible chain designed to expand the reach of applications on Fantom. The testnet has shown promising performance numbers, making it faster and more user-friendly than other EVM-compatible blockchains. The update has led to a rebound in the price of Fantom (FTM) cryptocurrency, but its sustainability depends on future developments in the market.



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