While the downward trend continues in the crypto money market Ethereum rival Phantom (FTM) continues to break new records.
According to new data provided by DeFI Llama, the Fantom (FTM) altcoin has created a new ATH as the total locked value (TVL). TVL valuea decentralized finance (DeFi) It shows the total amount of capital invested in the application. The TVL value is found by multiplying the prices of different digital assets on the network by the total number of these digital assets.
TVL Amount Owned by Fantom Increased by 362,333%!
Fantom stands out as a highly scalable Blockchain platform for DeFi, decentralized applications (DApps) and enterprise applications. According to DeFi Llama data, Fantom, which had a TVL value of $ 2.90 million in April 2021, has achieved a total TVL value of $ 12.26 billion, showing an increase of 362.300% since this date.
Having set a new record in TVL value, Fantom has become the third largest blockchain in the world, surpassing other Ethereum competitors Avalanche (AVAX), Solana (SOL) and Binance Smart Chain (BSC).
DeFi Llama data currently Binance Smart Chain It represents the fourth largest blockchain in the world with a total locked value level of $12.08 billion. with a TVL value of $16.91 billion terra (LUNA) is in second place, while Ethereum is in first place with a TVL value of $117.51 billion, by a wide margin.
The increase in Phantom’s total locked value came as 1,000 off-exchange Ethereum whales accumulated FTM tokens. WhaleStats data shows that the FTM token is one of the most bought altcoins by whales in the last 24 hours. The average amount of coins purchased by whales was recorded as $ 1,620 FTM. However, the data shows that Ethereum whales have a total of about $124.64 million in FTM tokens.