Fantom’s Scalable and EVM-compatible Blockchain showed remarkable progress towards the end of Q4 2021. It appears that Ethereum (ETH) will have a “new generation” of competitors just as dangerous as Terra (LUNA).
The Fantom DApps ecosystem is growing rapidly.
In the past seven days, four well-known smart contract platforms have seen double-digit increases in their TVL (total value locked) assets. crytocurrency assets All of them are deposited by all customers.
Terra (LUNA), Fantom (FTM), Solana (SOL), Polygon (MATIC) are all at the top of this TVL value ranking.
At $5.6 million in TVL, Fantom surpasses smart contract platform Tron (TRX).
Additionally, by pulling in $100 million from customers in dApps, Fantom could also beat the Polygon Network (formerly Matic Network or MATIC), which is known for its low fees and speedy transactions.
FTM Prices Hit 70% In Just Five Days
meanwhile To beat next-tier competitors Solana (SOL) and Avalanche (AVAX), Fantom needed to increase its TVL value by more than 100%.
Fantom’s DeFi ecosystem includes a single “Unicorn” with over $1 billion in TVL (Multichain or dApp running on blockchains that is EVM-compatible), while two platforms SpookySwap and Tomb Finance are available. then to join the “Three Commas Club” (meaning any group of people, organizations or companies whose net wealth reaches 1,000,000,000 dollars or more)
The price of FTM, the core asset of Fantom Blockchain, reflects its rapid growth. As of December 21, 2021, the price of the FTM has increased by 70%.
At the time of the article publishing (December 26, 2:24 p.m.), the FTM coin is changing hands above $2.32 on the main spot platform.
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Fantom (FTM) ready to overtake Polygon (MATIC), will Avalanche (AVAX) be next? appeared first on Bitcoin Addic.