Cryptopedia - Wrapped Sonic
Wrapped Sonic (WS) is tied to Sonic, an EVM-compatible layer-1 blockchain designed to support the next wave of decentralized applications with robust infrastructure and developer incentives. The network boasts performance metrics of over 10,000 transactions per second (TPS) along with confirmation times that take less than a second.
Through its Fee Monetization (FeeM) initiative, Sonic modifies the traditional Web2 advertising revenue model for a decentralized environment. This program allows developers to earn up to 90% of the fees produced by their applications, enabling them to profit directly from user engagement and traffic.
Additionally, the Sonic Gateway offers a secure, decentralized bridge to Ethereum, granting users and developers smooth access to significant liquidity. This system includes a distinct fail-safe mechanism intended to safeguard assets under any condition.
