On the X platform, Fantom officially announced that its brand has been renamed to Sonic Labs. This shift signifies Fantom's progression into a new stage and underscores its commitment to continuous innovation and exploration in blockchain technology. Sonic Labs intends to draw in users and developers with a range of incentive measures, with the core element being the introduction of a novel token named S. This token will be incorporated into the ecosystem through large-scale airdrops, simplified staking procedures, and various incentive programs, aiming to invigorate community activity and involvement. Although the renaming from Fantom to Sonic Labs is finalized, the official release of the Sonic EVM chain is anticipated for the fourth quarter. Sonic Labs' official introduction page elaborates that Sonic is a Layer-1 platform, not only boasting efficiency but also providing a safe and convenient pathway to connect to the Ethereum network.