Fantom Foundation CEO: Plans to use Sonic to build a “shared sequencer” for other blockchains

Michael Kong, CEO of the Fantom Foundation, stated that the project is preparing to launch its next-generation product, Sonic. Sonic promises to process 2,000 transactions per second (TPS) with finality in sub-seconds and is expected to be launched in late summer or early autumn this year. The team also plans to use Sonic as a "shared sorter" for other L1 and L2 chains.