Sonic (FTM) Price
Source mode: Binance public market data
Reference price
−0.77% in 24h
Market capitalization
$1.85B
24h trading volume
$1.3M
24h range
24h price trend
Hourly closes over the last 24 hours
About this asset
What is Sonic?
Sonic (formerly Fantom) is a high-speed L1 blockchain delivering 10,000 TPS and sub-second finality via the high-performance Sonic Virtual Machine.
As of 6 October 2026 at 05:00 UTC, Sonic (FTM) was priced at $0.6994 (about ₹60.50), down 0.77% over 24 hours, according to Binance public market data. Its estimated market capitalisation was ₹16002.50 Cr. Prices differ between exchanges; confirm on your chosen venue.
- Category
- Layer 1
- Symbol
- FTM
- Market Focus
- Spot & Perpetual Futures
- Settlement
- USDT Pair
Overview & Institutional Context
Sonic mainnet transition catalyst sparks fresh spot accumulation alongside elevated perpetual basis premiums.
Market participants track FTM liquidity across spot order books and perpetual futures derivatives to monitor funding rate basis and open interest trends.
Frequently asked questions
What is Sonic (FTM) used for?
Sonic (formerly Fantom) is a high-speed L1 blockchain delivering 10,000 TPS and sub-second finality via the high-performance Sonic Virtual Machine.
How is FTM taxed in India?
Under Section 115BBH of the Indian Income Tax Act, gains from FTM trading are taxed at a flat 30% rate with no deduction for expenses other than acquisition cost. Under Section 194S, a 1% TDS applies to transfer considerations exceeding statutory thresholds.