Fantom could beryllium 1 of fastest increasing projects connected network, shows tremendous 2,100% increase
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The astute declaration level Fantom has been 1 of the strongest performers of the twelvemonth successful presumption of web growth. In examination to industry giants similar BNB Chain, Ethereum and others, Fantom's 2,108% maturation was thing genuinely outstanding.
What is Fantom?
Fantom is simply a astute declaration level that provides DeFi services to developers with the assistance of its ain custom-made statement algorithm. Fantom solves problems and offers solutions associated with astute declaration platforms, including transaction speed, scaling and others.
Total Addresses connected fashionable blockchain platforms of 2022 pic.twitter.com/mpKcvCetao— Coin98 Analytics (@Coin98Analytics) January 1, 2023
Fantom was created arsenic an alternate to Ethereum successful bid to flooded the archetypal network's limitations and make a caller procreation of blockchain, solving the celebrated blockchain trilemma: scalability, security and decentralization.
Despite the depressing authorities of the cryptocurrency marketplace and the manufacture successful general, Fantom has been increasing rapidly passim the year. The web has gained much than 2,000% successful the fig of unsocial addresses since January 2022.
FTM's terms show connected market
Despite the network's cardinal growth, FTM arsenic a fiscal plus has been struggling connected the market, losing up to 93% of its worth since reaching the all-time precocious backmost successful January. The effect of show similar that is obvious: astir investors are abandoning the asset, and caller investors bash not feel comfortable buying a token that lost astir each of its worth successful 2022.
However, determination is thing outstanding successful this performance: the plus behaves successful a mode akin to the remainder of the market and whitethorn commencement recovering arsenic soon arsenic a question of caller funds returns to the industry. At property time, FTM is trading astatine $0.2 with a mild 0.09% terms summation successful the past 24 hours.