Fantom (FTM) TVL Polygon Crossing Ready (MATIC). Avalanche (AVAX) next?

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2021-12-27 09:58:06

Scalable EVM-compatible blockchain Fantom represents notable progress towards the end of Q4 2021. It seems that Ethereum (ETH) has a more dangerous “new generation” competitor besides Terra (LUNA) ).

Fantom dApps Ecosystem Reaches Steam

Over the past seven days, the four top-tier smart contract platforms have seen a double-digit increase in total value locked (TVL), i.e. in USD market capitalization of all tokens. crypto assets deposited by their clients.

Terra (LUNA), Fantom (FTM), Solana (SOL), Polygon (MATIC) are the top performing artists in the TVL chart.

With a total value of $5.6 billion locked, Fantom has overtaken veteran smart contract platform Tron (TRX).

Alternatively, if it attracts another $100 million from its dApps clients, it could surpass Polygon Network (formerly Matic Network, MATIC), known for its low fees and fast transaction execution.

FTM price increased by 70% in just 5 days

At the same time, to surpass the next competitors Solana (SOL) and Avalanche (AVAX), Fantom needs to increase its TVL by more than 100%.

Fantom’s DeFi ecosystem has a unicorn with over $1 billion locked up (Multichain, a dApp that works on all EVM-compatible blockchains), while two platforms, SpookySwap and Tomb Finance , ready to join the “three comma club”. “

The price of FTM, a core native asset of the Fantom Blockchain, reflects its explosive growth. As of December 21, 2021, it has increased by almost 70%.

By press time, FTM is changing hands at a domestic high of over $2.32 on major spot platforms.

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