Fantom is a Directed Acyclic Graph (DAG) smart contract platform that provides decentralized finance (DeFi) services to developers using its own custom consensus algorithm. On August 2nd, Fantom announced that it has officially changed its name to Sonic Labs.
On September 18th, Sonic Labs announced the launch of Sonic Gateway, a decentralized cross-chain bridge connecting
Ethereum and Sonic. The bridge aims to eliminate
third-party and centralized risks, ensuring the security of user assets under any circumstances. Through a unique fault-tolerant mechanism, Sonic Gateway provides higher asset security protection, ensuring that users do not have to worry about any unexpected issues.