Everything you need to know about Fantom and its increasing momentum
Hi HODLers, Degens and Fantom investors,
First of all, I will not waste your time on writing a broad overview on what is Fantom but I will link below a great video from the CoinBureau. Still quite accurate despite being filmed in the 2021 summer.
$FTM performance
Fantom's token performance has been stellar. This is mostly due to the amount of projects which joined the network. TVL is around $5.3bn with many different DeFi projects.
Also, we have all heard about the $OHM DeFi 2.0 launch and I believe 3 of the strongest forks out there are on the Fantom Network. Lately I have even seen some DeFi whales asking about these so I would expect some to move over from ETH/SOL
- Spartacus $SPA
- Fantohm $FHM
- HectorDAO $HEC
Fantom increasing its marketing. Great timing imo
It seems Fantom has increased its presence on Twitter mostly and social medias. I think this is a great time as people are looking for alternatives to Avalanche and Solana as fees have been steadily rising there.
Their latest selling point has been the low fees and energy consumption for their transaction.
https://twitter.com/FantomFDN/status/1463183428770316290
Fantom transactions are consuming a very low amount of energy
Crazy to think that the Visa Network consumes 52x as much energy (0.00148 kWh per tx)
A low energy blockchain, a selling point?
As the developer of a public chain, Fantom embraces the responsibility to provide the greenest, safest and best technologies to its population of users. Advances in technology go hand in hand with increasing sustainability, and we view it as imperative to offer energy-efficient solutions and account for network power demands.
Soon, I will make some videos about the different DeFi projects I am involved in on Fantom Network.
Stay safe out there,
Sources:
https://fantom.foundation/
Latest Analysis
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CoinBureau had a great eye for spotting undervalued cryptos. Best Youtuber in the crypto space by far!
So many great blockchains and so little time in the day. I just joined AVAX to try the Wonderland time Olympus fork today (My next ape investing post will be about it), also testing the Invictus one on Solana you just commented on.
I have to give Fantom a try...
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https://twitter.com/VinnieLemon/status/1463627422473936900
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It looks like there are a bunch of pros and cons. However it does look like they didn't live up to the original hype but the energy power consumption is looking nice. It will probably appeal a lot to the environmentalists.
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I think they lived up quite okay to the original hype compared to many other projects.
They are increasingly getting attention from very important crypto and DeFi users so beware not to miss it hehe 😉.
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Thanks for this post on Fantom, I was amazed when I saw the Fantom logo on Valentino Rossi's bike in his last Moto GP Grand Prix