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The FTM cryptocurrency project surpasses MATIC in terms of “TVL”

The FTM cryptocurrency project surpasses MATIC in terms of “TVL”

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Answer The FTM cryptocurrency project surpasses MATIC in terms of “TVL”

The development of crypto projects is accelerating and the competition is fierce.

As developments and marketing operations are accelerating to attract the largest possible number of users and thus attract more liquidity.

“Fantom,” a scalable Ethereum Virtual Machine (EVM) compatible blockchain project, is showing remarkable progress in the late fourth quarter of 2021.

It seems that Ethereum has a more serious competitor to the “new generation” projects besides the “LUNA” project.

The ‘Fantom’ ecosystem is gaining strength:

In the past seven days, four top-tier smart contract platforms have seen double-digit rises in terms of TVL, which is the dollar-denominated market value of all crypto assets deposited on their network by users.

Read:Crypto company Bitpanda is now valued at $4.1 billion after the latest funding round

LUNA, FTM, SOL and MATIC are the best performers in the “TVL” closed total value ratings.

With a total closed value of $5.87 billion, “Fantom” has outperformed veteran smart contract platform TRX.

Also, Project Fantom managed to bypass the Polygon network (formerly known as the Matic Network), which is known for its low fees and fast transaction execution.

The price of the digital currency FTM jumped by 70% in just five days:

At the same time, to outperform its next two competitors, SOL and AVAX, “Fantom” needs to increase TVL by more than 100%.

The Fantom’s DeFi ecosystem includes one unicorn with over $1 billion locked in project (“Multichain,” a dApp that runs on top of all EVM-compatible blockchains).

The price of the cryptocurrency “FTM”, which is one of the main assets of the “Fantom” blockchain, reflects its explosive growth.

Since December 21, 2021, the coin has added nearly 70% to its value.

At the time of publication, the FTM cryptocurrency is valued at $2.39 on spot trading platforms.

Read:The expected upgrade of the Cardano network “vasil” enters its final stage…details here

Read also:

The founder of Ethereum talks about the future of Ethereum and sees decentralization going beyond money

The CEO of “CryptoCom” Criticizes “CoinMarketCap” for Providing Wrong Trading Volumes


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