$2.23
1H
4.61%$0.0983
24H
2.81%$0.0610
7D
-32.1%$1.06
30D
6.92%$0.1443
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.
Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.
Fantom has witnessed strong growth and popularity in a very short time. It has become one the strongest Ethereum Layer 1 competitors leaving behind the likes of avalanche, Terra, and Solana.
Notably, the announcement coincides with the growth of decentralization and DeFi in China. As the authorities are introducing new restrictions on crypto, many Chinese crypto users are moving their crypto holdings to DEXes.
The open-source oracle platform for decentralized finance DIA announced today its entry into the Fantom ecosystem.
At its midpoint, FantomDC has offered many hints of what’s to come for the groundbreaking blockchain platform.
Users can now bridge BTC, BCH, ZEC, and DOGE to Fantom through RenBridge, with more to come. To use RenBridge users must add Fantom as a custom network to Metamask.