• Fantom is steadily increasing in value and popularity.
• FTM prices increased by 34.31% within the last 24 hour.
• Many projects are setting rooms on Fantom’s blockchain.

Fantom (FTM), despite the huge leaps made by cryptos over the last 24 hours, also took a big leap. Fantom’s (FTM) price has increased by 34.31% during the last 24 hours, according to CoinMarketCap. According to CoinMarketCap, this means that the price of Fantom (FTM) has risen from $1.29 up to $1.84.

The DAG-based smart contracts platform has come a long ways since its inception in 2018. The platform was founded with humble intentions to address the scaling issues faced by public Distributed Ledger Technologies, DLTs.

Now, Fantom seems to be the name on every project’s mind as more and more new, exciting, and interesting projects choose to launch on Fantom’s network. Many have made the switch to Fantom already and are enjoying great results.

Open Ocean has announced its partnership, among others with Fantom. This partnership is huge, since Fantom has been chosen as the CEX and DEX aggregater by Open Ocean over many others.

Another recent development that’s putting Fantom on the map would be Pumpkittens. The adorable NFT-game is enjoying great popularity ever since it was launched last month. In just two weeks, the project announced a more than $3 million floorcap.

Adding onto Fantom’s rising success, about two weeks ago, the Founder of Yearn.finance — Andre Cronje, also turned to Fantom. In detail, he launched Artion — a new NFT marketplace, on Fantom.

Artion and OpenSea are very similar when it comes to operations, functionality and design. However, thanks to Fantom’s focus on providing scalability, it is much faster and far more affordable. OpenSea is based on the blockchain, which has yet to solve its congestion and gas fee issues. This will be fixed by the long-awaited release of Ethereum 2.0, it is believed.

Continue reading on CoinQuora