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Price Updates, Recent Developments, Future Events, Community By DailyCoin

by Mike Robinson

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Fantom, FTM: Updates on Price, Latest Developments, Future Events and Community
  • Fantom is fast and secure blockchain. Transaction fees are as low as fractions of cent
  • Developers who work on GameFi projects are now eligible for the FTM program.
  • Fantom has seen a growth of more than 1,500% over the past 8 weeks. It now boasts over $4.91 Billion TVL and 880,000 unique addresses.
  • Fantom submitted a proposal for a decentralized loan protocol Aave, to deploy Aave v2You can find it on their network

Scalable blockchains are becoming a hot topic as crypto adoption increases. While remains the market leader among blockchains that support dApps, projects like Fantom give the world’s second-largest crypto a good run for its money.

Fantom, a secure and fast blockchain, has transaction fees that are as low as one cent. Developers love Fantom’s EVM compatibility, which has made it a popular project.

Fantom, a crypto-community favorite, is known for its ability to execute thousands of transactions per minute. What has been the performance of this remarkable project in recent years?

Latest Developments

The Fantom Foundation announced in August that it had launched the 370 million FTM Incentive Program to help development teams build the best Fantom Network dApps. Fantom also announced on October 12 that projects will be included in the program for GameFi models.

GameFi is the global hub for all things game finance. This innovative concept blends decentralized finance and non-fungible tokens, (NFTs), with online blockchain games. Fantom Foundation stated that GameFi, although still in the early stages of development, is expected to be the next generation of entertainment and gaming.

X.xyz was launched on the Fantom Network on October 13th, continuing to connect projects. X.xyz, a community-owned NFT market that makes it easy to collect and trade extraordinary NFTs, is decentralized.

Fantom’s October 12th launch saw 88mph go live on Fantom. Users can earn a yield incentive. Because it has a fixed yield rate for supported assets on Fantom, 88mph stands out from other yield-farming protocols.

Nansen (a well-known blockchain analytics company) launched coverage on the Fantom Blockchain on October 7. According to Nansen’s CEO, Alex Svanevik, although Fantom is still in its early days, its promising growth has made it the data site’s third network.

Fantom is actively benefitting from the increase in total value locked (TVL), in DeFi projects. Fantom is now worth more than $4.91 trillion as of the writing of this article.

Fantom’s total value Source: Defillama

The project’s growth has been rapid, despite the fact that the TVL in Fantom dropped by 10.92% within the last 24 hour. Fantom’s TVL was locked at $313million on August 1. Over the eight last weeks, the network has seen a growth of more than 1,500%.

The Fantom Foundation claims that the network currently holds 880,000 unique addresses. Fantom also completes 750,000 transactions daily, and has more than 30.000 smart contracts.

Future Events

Fantom Foundation submitted a proposal for Aave to use Aave 2.0 on Fantom Opera’s (NASDAQ:) Blockchain. Fantom will deploy AAVE v2 on the Fantom Opera (NASDAQ:) blockchain. This deployment will allow Fantom to extend AAVE’s lending capabilities to the Fantom community as well as bootstrap Aave’s launch in a new ecosystem that provides incentives.

Prices Updates

Bullish pressure has been applied to Fantom and crypto markets after an October bullish week. FTM traded at $2.007 in the past 24 hours after a drop of more than 4 percent over the previous week.

Fantom (FTM), 30-day price chart Tradingview

FTM’s gains over the past 30 days have exceeded 45% making it one the most successful cryptos of all time.

CoinMarketCap ranks Fantom as the 36th most popular crypto project, with a market cap of $5.11billion. FTM traded for $569 million in the past 24 hours. This is 37% less than October 12.

Flipside

  • Fantom, which had reached its record high of $2.45 in October 8th, has now retraced strongly
  • FTM’s price of $2.007 represents a 19% drop from its ATH five days ago

Community

Fantom is constantly growing. Fantom is on Twitter (NYSE:) with over 177.9K fans, more than 27.3k Discord members, 22.7K Telegram members, and 15.4K Reddit members.

Fantomians, members of the Fantom Community are affectionately called Fantomians. According to the DailyCoin team, Fantomians believe strongly in this project. Fantom was written by @theotherpomp

Another user wrote @CaddersCrypto:

Fantomians believe Fantom is on the right track. A Fantomian named @Tweak896 wrote:

A second Fantomian named @rootdubs shared his views:

Why you should care

Fantom, a crypto project that is rapidly growing due to its incredible utility and many integrations, is Fantom. Fantom’s fast transactions speeds, network growth rates, advanced smart contracts and EVM compatibility make it a good cryptocurrency investment.

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