Fantom’s FTM Coin on the Rise

In the past four weeks, the value of FTM, the native token of the Fantom blockchain, has shown an increase of over 190% . This growth has made it the best performing altcoin among the top 100 cryptocurrencies by market value. The value of FTM, rising from $0.40 to $1.16, pushed it to the 44th place by market value. Sonic Update Contributes to FTM’s Rise The expected reason for the increase in the value of FTM is the Sonic update, which is expected to increase the processing speed of the Fantom blockchain. The update has the capacity to perform transactions at a higher speed than the current Opera mainnet. This update has also increased interest in FTM. An important innovation of Sonic is that it enables developers to convert Ethereum Virtual Machine (EVM) codes to the Fantom format, allowing smart contracts to be executed more quickly. Fantom Has the Potential […]

Fantom’s FTM Coin on the Rise

In the past four weeks, the value of FTM, the native token of the Fantom blockchain, has shown an increase of over 190% . This growth has made it the best performing altcoin among the top 100 cryptocurrencies by market value. The value of FTM, rising from $0.40 to $1.16, pushed it to the 44th place by market value.

Sonic Update Contributes to FTM’s Rise

The expected reason for the increase in the value of FTM is the Sonic update, which is expected to increase the processing speed of the Fantom blockchain. The update has the capacity to perform transactions at a higher speed than the current Opera mainnet. This update has also increased interest in FTM.

An important innovation of Sonic is that it enables developers to convert Ethereum Virtual Machine (EVM) codes to the Fantom format, allowing smart contracts to be executed more quickly.

Fantom Has the Potential to Create a Revolution

An analysis by Reflexivity Research suggests that the Sonic update has the potential to revolutionize areas such as DeFi, blockchain gaming, high-frequency applications, and IoT. These developments are expected to improve the efficiency and transaction volume of the Fantom network, bringing improvements to various sectors.

However, despite expectations for the Sonic update, the DeFi ecosystem in Fantom is receiving little interest from investors. The amount of FTM locked in DeFi applications on Fantom has significantly decreased, reaching its lowest level since May 2021.

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