FTM has gone up on expectations of a soon-to-be upgrade, but what exactly is there to expect? Breaking down what's coming in the Fantom → Sonic upgrade besides the ticker change.

📚 A bit of history
Fantom is an L1 blockchain from 2018 with low fees and high TPS (as if anyone could be surprised by that now). In 2021, they launched Fantom Opera - an EVM-enabled network, at one point ranked second in TVL. However, then the bearishness started, then one of its main leaders André Cronje publicly withdrew from the project, then there was the Multichain hack and depeg of wrapped assets - eventually TVL folded 100x, token 20x, activity on the network almost died.

🎱 What's next for it?
In 2024 Fantom announced a transition from Opera to the Sonic network, with new technology and a new token