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Phantom's Sonic Upgrade and Potential in the Crypto Market
Phantom's Sonic upgrade aims to provide a 2000 transactions per second EVM experience, leveraging the success of Solana in terms of speed and cost efficiency. The ecosystem offers a familiar EVM tooling and environment, attracting users with a fondness for such experiences. The integration of a canonical USD stable coin in collaboration with Circle and Sol is expected to drive flows into the Phantom ecosystem, particularly benefiting DeFi building blocks like DEXs which thrive on chain growth and inflows.