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- Fantom has transformed into a new era with the launch of the Opera upgrade after hitting the necessary validation from staked FTM.
- Fantom’s Opera will see the protocol process over 2,000 TPS.
- The protocol’s upgrade might have a long-term upside on FTM price.
Discover how Fantom’s Opera upgrade is set to revolutionize the blockchain landscape with enhanced transaction speeds and potential price impacts.
Fantom Opera Upgrades to 2,000 TPS
The launch date aligns with the expectations that were set right at the beginning of Sonic’s testnet phase that took place in October 2023. This is exciting for Fantom as the protocol lauds its “diligent progress”, citing that it stayed on track without adding any delays to the roadmap.
Launch of Sonic Network Excites FTM Ecosystem
For Fantom, this upgrade move is its way of ensuring that users have access to its futuristic technology. The protocol still has some upcoming improvements and additions that it intends to launch in the near future including tokenomics, audience engagement programs, partnerships, brand, and strategic direction.
Since the launch of the Sonic network, Fantom has consistently sought occasions to improve the protocol. Barely a week ago, the Fantom developer team teased the potential launch of Sonic Labs and Sonic Foundation. Sonic Labs will take responsibility for the development and growth of Decentralized Applications (DApps) with ties to Sonic. On the other hand, the Sonic Foundation will take responsibility for the network’s governance and Treasury Management.
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Conclusion
The latest upgrade comes at a time when the FTM is hinting at an imminent rebound. CoinMarketCap data shows that FTM is currently trading at $0.8125 with a 0.91% increase in the last 24 hours. The token has been fluctuating sideways for a while, however, market experts and analysts believe that it holds great potential.
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