The Fantom Sonic mainnet is imminent, and Fantom have already enhanced some of the Foundation’s archival nodes on the current mainnet to Sonic, achieving a 95% operational cost reduction. The Fantom Sonic testnet is currently bustling with activity as many folks dive into the open testnet to experience its impressive performance. During this phase, there’s a lot of talk about technical terms used to evaluate the network and its transactions, like gas and transaction fees. We’ll shed some light on these important terms and try to explain them in a straightforward way.
As Fantom prepare for this eagerly anticipated launch, Fantom want to take a moment to revisit the astounding performance we’ve witnessed from the Sonic closed testnet over the last few months.
As we prepare for the #Fantom Sonic mainnet, we want to revisit the closed testnet’s incredible performances:
🟦 2,000 TPS (1s TTF) — realistic traffic
🟦 4,000 TPS (1.3s TTF) — ERC-20 swaps
🟦 10,000 TPS (1.6s TTF) — ERC-20 transfersLearn more here 👇https://t.co/b9nHV238EC pic.twitter.com/5qmBkLyfRB
— Fantom Foundation (@FantomFDN) March 13, 2024
Note: the closed testnet aims to exhibit the maximum theoretical limits of Sonic technology using simulated traffic on a network that is observable to the public.
Fantom Sonic Closed Testnet Top Results:
Fantom 2,000 TPS Real traffic
At the time of the closed testnet’s launch on October 24, 2023, Fantom had configured the Sonic closed testnet to process a blend of synthetic transactions that resemble authentic traffic, such as token transfers, token mints, and intricate multi-step swaps.
By configuring the testnet to mimic transactions on the current Fantom Opera mainnet, Fantom were able to determine genuine metrics that you can expect upon Sonic’s mainnet launch, such as transactions per second, time to finality, storage requirements, etc. The complete breakdown of transactions processed is as follows: With the real traffic, Fantom achieved 2,000 TPS at 1-second finality.
4,000 TPS Token Swaps
On November 27, 2023, Fantom reconfigured the closed testnet to process only ERC-20 exchanges, showcasing what the next generation of DEXs can accomplish with Sonic technology.
By configuring the testnet to process only one kind of transaction, Fantom could also display the testnet’s performance during periods when one kind of transaction is more prevalent than others.
With ERC-20 exchange transactions, Fantom achieved 4,000 TPS at 1.3-second finality.
10,000 TPS Token transactions
On January 17, 2024, Fantom reconfigured the closed testnet to process only ERC-20 transactions.
The efficiency of token transactions is crucial for next-generation wallets, payment providers, and other dApps that utilize the ability of ERC-20 tokens to represent any currency.
With ERC-20 transaction transactions, Fantom achieved 10,000 TPS at 1.6-second finality.
At The End
The Sonic closed testnet has showcased these remarkable performances:
2,000 TPS at 1-second finality — authentic traffic
4,000 TPS at 1.3-second finality — token exchanges
10,000 TPS at 1.6-second finality — token transactions
With the mainnet launch just around the corner, we’re on the verge of translating these impressive testnet results into an innovative, next-generation network. The future is in sight, and it’s undeniably rapid.
Fantom is a distributed network based on a DAG, which includes the use of parallel data chains, new methods for increasing scalability and a high-performance virtual machine. Provides secure and efficient execution of smart contracts. The platform native token is FTM. Before the launch of the main network, it was hosted on the Ethereum blockchain platform and was an ERC-20 token. After the Main Net was deployed, FTM was transferred to its own blockchain and began to be considered a cryptocurrency.
