Fantom’s native token FTM has surged over 190% in just four weeks, driven by anticipation for the upcoming Sonic upgrade. This surge has positioned FTM as the top-performing non-meme cryptocurrency among the top 100 digital assets by market value, with its price soaring from $0.40 to $1.16.

According to CoinGecko data, FTM now boasts a market capitalization of $3.29 billion, making it the 44th largest digital asset globally. In comparison, Bitcoin (BTC) has seen a 28% increase in the same timeframe, while Ether (ETH) has risen by nearly 20%, reflecting a broader market uplift of 33%.

The highly anticipated Sonic upgrade to Fantom’s blockchain is driving investor enthusiasm. Set to replace the current mainnet Opera this spring, the Sonic upgrade promises to significantly enhance transaction processing speeds.

The testnet, launched in October of the previous year, demonstrated a theoretical maximum throughput of 2,000 transactions per second (TPS) and a time to finality of 1.1 seconds—an impressive improvement over Opera mainnet’s current capacity of just 3.2 TPS.

Transaction throughput and time to finality are crucial metrics in the blockchain domain, indicating the efficiency and reliability of transaction processing. The Sonic upgrade will also introduce the Fantom Virtual Machine (FVM), which will greatly accelerate smart contract execution speeds.

Moreover, the upgrade aims to streamline Ethereum Virtual Machine (EVM) code translation, making it easier for developers of Ethereum-based decentralized applications to migrate to Fantom while ensuring backward compatibility.

Reflexivity Research underscores the broader impact of the Sonic upgrade on the Fantom ecosystem, particularly in decentralized finance (DeFi), blockchain gaming, high-frequency applications, and the Internet of Things.

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