

Andre Cronje, the CTO of Sonic Labs (formerly Fantom), revealed plans for Sonic blockchain to introduce credit scores for digital wallets
Sonic CTO Plans to Introduce Credit Scores for Digital Wallets, Targeting $11 Trillion Market
Andre Cronje, the chief technology officer (CTO) of Sonic Labs (formerly Fantom), has unveiled plans to introduce credit scores for digital wallets on the Sonic blockchain, aiming to tap into the vast global unsecured lending market.
Cronje’s vision is to integrate credit scores into blockchain technology, enabling various traditional loan products, such as personal and payday loans, to enter the decentralized finance (DeFi) space.
In a Sept. 9 blog post, Cronje explained that Sonic has overcome several technological hurdles, making credit scores feasible within blockchain systems.
“Credit scores are fairly simple in their design, its a rich ETL (extract, transform, loan) process that sanitizes financial data and provides a detail analysis ultimately summarized into a credit score,” he stated.
According to Cronje, Sonic Labs began building this system in 2021, focusing on extracting, transforming, and loading (ETL) transaction, loan, and trade data across multiple blockchains.
The effort involved processing over 54 billion transactions, covering nearly a petabyte of data and monitoring 500 million wallets, including 15 million loans.
The lab’s goal was to develop a scoring model for blockchain addresses without requiring KYC or personal data.
Considering this achievement, Cronje stated that Sonic would be the first to offer direct on-chain access to wallet scores, unlocking the $11 trillion market.
“Sonic will be the first native integration, allowing direct on-chain access to wallet scoring, making it the first chain that enables devs access to a potential $11 trillion market. A key shift in both technological and social evolution,” he stated.
The move to introduce credit scores comes as Sonic’s testnet achieved transaction finality in just 720 milliseconds (ms), marking a significant advancement in blockchain speed.
On Sept. 8, Cronje revealed this milestone on X, stating:
“400ms responsiveness (perfect for synchronous events) 720ms finality (true, not probabilistic – no ‘please wait 30 blocks’).”
In blockchain, finality ensures that once a transaction is confirmed and added to the blockchain, it becomes irreversible. No further changes can be made after a transaction achieves finality.
This breakthrough positions Sonic as the fastest blockchain network in terms of transaction finality, surpassing Aptos, which has a 900ms finality, according to Chainspect data.
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