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Sonic Labs

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FANTOM is the world's first DAG based smart contract platform

Cayman IslandsFounded 2018Fintech

Valuation $100–250M Last recorded · 2025

Revenue $1–10M Latest reported FY

Headcount <100 Current team size

Total funding $50–100M Disclosed equity funding

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About Sonic Labs

Fantom is a blockchain platform designed to provide fast, scalable, and secure smart contract solutions. It operates in the decentralized finance (DeFi) market, targeting developers and businesses looking to build decentralized applications (dApps) that rival the speed and efficiency of traditional Web2 applications. Fantom's unique aBFT (asynchronous Byzantine Fault Tolerance) consensus mechanism, known as Lachesis, allows it to process thousands of transactions per second with finality achieved in seconds, making it faster and cheaper than many existing blockchain technologies.

Fantom's business model revolves around earning gas fees from transactions conducted on its platform. Developers can also earn 15% of the gas fees generated by their dApps as passive income. Additionally, users can earn rewards by locking their FTM tokens to help secure the network.

Fantom serves a wide range of clients, including developers, businesses, and individual users interested in leveraging blockchain technology for various applications, from finance to gaming. The platform's open-source and permissionless nature ensures that anyone can access and build on it without restrictions.

Key features include low transaction costs (less than $0.01 on average), rapid transaction finality (within a second), and the ability to scale to hundreds of nodes. Fantom also supports interoperability with other blockchain networks through bridges like Wormhole, LayerZero, and Squid, although users are advised to employ these bridges at their own risk.

MoreLess Source: Dealroom company data

At a glance

Status: Operational
Founded: 2018
Headquarters: Cayman Islands
Employees: 59
Open positions: None listed
Dealroom signal: 68.2/100
Industry: Fintech, Enterprise Software
Sub-industry: Crypto and DeFi
Sector: Fintech, Crypto and Web 3.0 Infrastructure, Fantom Ecosystem, Crypto and Web3, Hard Tech, DT and LS
Technology: Blockchain, Deep Tech
Business model: SaaS
Client focus: b2b
Investment activity: 10 companies, latest Sep 2025
Capital deployed: $18M
Preferred round: SEED
Links: Website LinkedIn X

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Funding history

3 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
LATE VCOther financing	May 2025	$10M	$200M	Galaxy Digital	↗
LATE VCOther financing	May 2024	$10M	$200M	UOB Venture · Aave · #Hashed · Signum Capital	↗

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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth
2026
2025
2024
2023
2022
2021
2020		—

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Growth signals

Sonic Labs website traffic

Latest recorded traffic for Sonic Labs is 20K monthly website visits, up 5.3% over the last three months. Sonic Labs's team declined 9.2% over the past year.

Latest monthly visits20K 3-month web change+5.3% 1-year team growth-9.2%

Monthly website visitsJul 2017–Jul 2026

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