# Sonic Labs > DeFi Redefined Sonic Labs aims to build the highest-performing EVM L1 blockchain with sub-second finality and developer-focused incentives. Sonic Labs aims to build the highest-performing EVM L1 blockchain that delivers 400,000 TPS with sub-second finality. The platform offers developer incentives such as fee monetization, where developers earn up to 90% of network fees their apps generate. Formerly known as Fantom, Sonic Labs transitioned to the new Sonic network with enhanced performance and features. - Type: Network - Sector: Blockchain Platforms - Status: Active - Founded: 2018-03-01 - Profile: https://thegrid.id/profiles/sonic_labs ## Products - [Sonic](https://thegrid.id/profiles/sonic_labs): Sonic is an EVM-compatible L1 blockchain that achieves 400,000 TPS with sub-second finality through advanced consensus mechanisms, database storage optimization, and virtual machine enhancements. The platform includes Fee Monetization allowing developers to earn up to 90% of generated network fees. (L1, Live, Main Product) - [Sonic Gateway](https://thegrid.id/profiles/sonic_labs): Sonic Gateway provides native bridging between Ethereum and Sonic with a fail-safe mechanism that allows asset recovery after 14 days of gateway failure. The bridge processes transfers in heartbeat intervals every 10 minutes from Ethereum to Sonic and hourly in reverse. (Bridge, Live) ## Assets - [S Token (S)](https://thegrid.id/profiles/sonic_labs): S is the native token of Sonic, an EVM-compatible Layer 1 blockchain. It is used for paying transaction fees, staking, running validators, and participating in governance. Holders of the previous FTM token can convert it to S at a 1:1 ratio following Sonic Labs' rebrand from Fantom Foundation, allowing users to transition from the legacy Fantom Opera network to the enhanced Sonic blockchain. (Native) - [US Sonic Dollar (USSD)](https://thegrid.id/profiles/sonic_labs): USSD is a USD-pegged stablecoin issued by Sonic Labs, built on Frax Finance's frxUSD infrastructure. It is used for payments, trading, and collateral in DeFi protocols on Sonic, and is mintable 1:1 with zero fees from multiple blockchains. It is backed by tokenized U.S. Treasury products from BlackRock, Superstate, and WisdomTree, with yield directed back into the Sonic ecosystem. (Stablecoin) ## Links - [Main](https://www.soniclabs.com) - [Whitepaper](https://www.soniclabs.com/litepaper) - [Blog](https://blog.soniclabs.com) - [Documentation](https://docs.soniclabs.com) - [Media Kit/branding](https://soniclabs.notion.site/4518775d6a7c4b7685e43628431358ab?v=6a6b5746a3204e34ad75e28ea68ac986) - [Terms of Service](https://soniclabs.notion.site/Sonic-Website-Terms-and-Conditions-87e482091a6443d3ab7476cfa751b977) - [Privacy policy](https://soniclabs.notion.site/Sonic-Privacy-Policy-9582d39482584ec2a2c04078dad04518) - [Telegram](https://t.me/SonicAnnouncements) - [Reddit](https://www.reddit.com/r/0xSonic) - [Twitter / X](https://x.com/SonicLabs) - [Telegram](https://t.me/Sonic_English) - [Discord](https://discord.gg/3Ynr2QDSnB) - [GitHub](https://github.com/0xsoniclabs) ## Legal This data is provided under two licensing models. Model 1 - open data. 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