Fantom growth in high ‘triple digits’ despite crypto winter

2022-12-25 02:00

On Dec. 24, Andre Cronje, who rejoined the Fantom Foundation as an architect in November, posted a performance review of Fantom (FTM) in 2022. Cronje had left the crypto and decentralized finance (DeFi) world in March, sparking an uproar at the time.

As per the data from FTMScan shared by Cronje, the yearly growth of daily transactions on the Fantom network reached 131% between 2021 and 2022. This is far behind the network’s annual growth of 12,998% in 2020-2021. Daily transactions indicate the amount of activity users conduct on-chain, Cronje noted.

The yearly growth of average block size on the Fantom network reached 163% in 2022, compared to 25% in 2021. According to Cronje, the increase in block space equates to users paying more to include their transactions.

Daily gas used, which indicates how much users are willing to pay to add their transactions on the network, grew by 86% over the last year. Comparatively, daily gas used on Fantom surged by 9425% in 2020-2021.

The daily verified contracts measure the number of new contracts verified on Fantom. While “its a bit of a jump to translate this to developer activity, however, it is a proximity thereof,” wrote Cronje. Daily verified contracts on Fantom increased by 70% in 2022 compared to 1400% in 2021, as per FTMScan data.

Citing data from DefiLlama, Cronje noted that Fantom’s total value locked (TVL) jumped by 216% in 2021-2022. This growth, however, pales in comparison to the 49,089% yearly TVL growth achieved in 2020-2021.

Daily active users (DAU) on Fantom surged 41% in 2021-2022 compared to 5589% the previous year. In addition, the monthly average active developers on the network increased by 41% in 2022 compared to 50% in 2020-2021.

Lastly, Cronje said the price of FTM grew by 18% in 2021-2022 compared to the yearly growth of 2025% in 2020-2021. At the time of writing, FTM was trading at $0.203, down 94.21% from its all-time high of $3.526, according to CryptoSlate data

Cronje concluded that despite a slowdown in growth amid the crypto winter, Fantom’s growth metrics remain in the “high double and triple digits,” which is very high for “any tech or growth industry.” He added:

“We can see that Fantom has been able to achieve this growth with very low incentives and can continue to achieve this sustainable growth.”

The post Fantom growth in high ‘triple digits’ despite crypto winter appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Fantom (FTM) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.2476
Капитализация $0 Rank 99999
Цена в час новости $ 0.2037 (-100%)

fantom crypto winter despite digits growth high

fantom crypto → Результатов: 73


Криптоаналитик рассказал, на какой альткоин стоит обратить внимание

Популярный криптотрейдер раскрыл составляющие своего инвестиционного портфеля на конец 2021 года, добавив, что открыл для себя очень перспективный альткоин. Аналитик The Crypto Dog сообщил своим 719 500 подписчикам, что хранит биткоины (BTC) и такие альткоины первого уровня, как Near (NEAR) и Fantom (FTM).

2021-12-30 17:04


Фото:

Growth DeFi On Fantom: Expanding A Novel Cross-Chain Ecosystem For Sustainability And Maximum Benefits

Growth DeFi is ramping up at a rapid pace to maximize capital efficiency and value by leveraging the power of DeFi protocols. With a vision to completely redefine the cross-chain ecosystem, Growth DeFi has revealed plans to launch on Fantom (FTM),  a highly scalable blockchain platform for DeFi, crypto dApps, and enterprise applications. This expansionRead More

2021-12-28 14:00


Pierre Gasly Partners with Fantom to Become the First Formula 1™ Driver to Offer One of a Kind NFTs for Fans

Blockchain technology is coming to Formula 1™ as Pierre Gasly partners with Fantom to bring NFTs to the world’s fastest sport Non Fungible Tokens (NFT) have taken the world by storm in 2021. The previously maligned sector of the cryptocurrency market which was known for clogging the Ethereum network with CryptoKitty’s has emerged as the fastest-growing subset of the crypto market with billions of dollars in transactions happening monthly.

2021-10-19 19:47


Фото:

Fantom uses Band Protocol’s (BAND) price oracles to launch Liquid Staking

Fantom — a scalable, fast, and secure platform for DeFi, supply chains, and even crypto payments — just launched a new DeFi protocol called Liquid Staking. The service combined its own technology with Band Protocol’s (BAND) decentralized price oracles to bring liquidity to stake assets on its layer-1 protocol, and being the first project in crypto history to ever do so.

2020-12-13 12:41