Sonic Labs, previously known as Fantom, has unveiled a deflationary token burn system for its native token 'S'. The new system will allocate 10% of transaction fees to validators, reward developers with 15% to 90% of the fees, and burn the remaining portion to induce deflationary pressure. This initiative will be subject to an on-chain governance vote, although a timeline for the vote has not been specified. The move comes in the wake of Uniswap's recent token burn initiative, which resulted in a notable price surge.