Fantom (FTM) Ready to Surpass Polygon (MATIC) by TVL. Is Avalanche (AVAX) Next?

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Vladislav Sopov

High-performance Fantom blockchain witnesses rapid increase in total value locked across all active dApp protocols

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The EVM Fantom compliant scalable blockchain shows remarkable progress at the end of Q4 2021. It appears that Ethereum (ETH) has a more dangerous ‘next generation’ competitor besides Terra (LUNA).

Fantom dApps ecosystem gains strength

In the past seven days, four top-tier smart contract platforms witnessed double-digit increases in terms of total locked value (TVL), that is, in the USD-denominated market capitalization of all cryptocurrency assets deposited by Your clients.

Terra (LUNA), Fantom (FTM), Solana (SOL), Polygon (MATIC) have the best results in the TVL classification.

With its total value of $ 5.6 billion locked in, Fantom outperformed veteran smart contract platform Tron (TRX).

Plus, if you attract another $ 100 million from your dApps customers, you can outperform Polygon Network (formerly Matic Network, MATIC), known for its low fees and fast transaction execution.

FTM price increases 70% in just five days

At the same time, to outperform its 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 in (Multichain, a dApp that works on all EVM-compatible blockchains), while two platforms, SpookySwap and Tomb Finance, are ready to join. to the “club of the three commas”. “

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

As of press time, FTM is changing hands at the local high of over $ 2.32 on major spot platforms.


Source: https://u.today/fantom-ftm-ready-to-surpass-polygon-matic-by-tvl-is-avalanche-avax-next

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