Hassan Maishera
On Wednesday, Sonic Labs (formerly Fantom Foundation) announced via a blog post that it has launched FeeM Vault, the next evolution of fee monetization on the Sonic blockchain.
FeeM allows developers to earn 90% of the transaction fees their apps generate on Sonic. It’s a way to reward builders and creators based on real usage.
Sonic has now integrated the smart contracts of key tokens on Sonic (wS, USDC, USDT, EURC, WETH, and WBTC) into the FeeM program. Ninety percent of the transaction fees generated by these contracts will be redirected into the FeeM Vault, which is owned and operated by Sonic Labs.
Funds in the FeeM Vault will be strategically deployed to strengthen the Sonic ecosystem, provide targeted support where apps need it most, and enhance asset incentives.
Sonic (previously Fantom) is building a programmable platform on a directed acyclic-graph-based distributed ledger. Its S coin is down 3% in the last 24 hours and is currently trading at $0.5067.
