The Fantom Sonic upgrade aims to improve Fantom’s blockchain technology and increase speed, scalability, and efficiency. As part of this upgrade, FTM holders can migrate their tokens to Sonic (S). So, let’s learn how to perform the FTM to Sonic migration.
Table of Contents
What Is the Fantom Sonic Upgrade?
The Fantom Sonic upgrade is to increase the efficiency and scalability of the network and offer the following benefits:
- 10,000+ transactions per second
- Sub-second finality, meaning near-instant transaction confirmation
- A greener blockchain with less resource consumption
- Swapping FTM tokens for Sonic tokens (S) on a 1:1 basis
When Is the Fantom Sonic Upgrade Happening
The Sonic upgrade was scheduled for late 2024 early 2025. Now, users can migrate their tokens using the official web interface provided by the Fantom Foundation.
The upgrade and transition to Sonic will be finalized gradually, giving users enough time for migration. Meanwhile, the Fantom Opera network (FTM) will stay active for its users.
How to Convert FTM to Sonic in Trust Wallet?
Doing an FTM to Sonic migration is easy. You just need to take the following steps.
- Visit the Official Migration Page: Find the official Fantom Foundation migration portal. Double-check to ensure it’s a legitimate website.
- Connect Your Wallet: Connect a wallet supported by Fantom (e.g., MetaMask or Trust Wallet) to the migration interface.
- Check Token Balance: Verify your FTM balance shown on the portal.
- Start Swapping: Select the amount of FTM you want to migrate and confirm the 1:1 exchange rate (1 FTM = 1 S).
- Approve the Transaction: Confirm the swap in your wallet and pay the network fees.
- Receive Sonic Tokens (S): After processing, your Sonic tokens will appear in your wallet. Add the Sonic token contract address if they don’t show automatically.
What Is the Impact of the Upgrade on Token Prices
The FTM to Sonic migration can influence token prices in several ways:
- FTM Price: If more users migrate their FTM tokens to Sonic, demand for FTM may decrease.
- Sonic Price: The price of the Sonic token will depend on adoption. If the upgrade results in real progress, the price of Sonic (S) tokens may increase.
- Market Sentiment: If the market and users accept the upgrade and the smooth migration, the price of both tokens will grow.
Final Thoughts on Converting FTM to Sonic in Trust Wallet
FTM to Sonic migration can be a step forward for the Fantom ecosystem, increasing its speed and efficiency. Migrating FTM tokens to Sonic (S) tokens is easy and gradual.
So, if you hold FTM tokens, you can keep them or swap them for Sonic tokens according to your schedule, investment strategy, and plans.
