Phantom (FTM) is poised to surpass popular altcoin Polygon (MATIC) in total value. Maybe (AVAX) is next. High-performance blockchain Fantom is witnessing a rapid increase in the total value locked across all active dApp protocols. Detail cryptocoin.com‘in.
This altcoin project is performing high
The scalable EVM-compatible blockchain Phantom is showing remarkable progress in late Q4 2021. It looks like Ethereum (ETH) has one more dangerous “next generation” competitor alongside Terra (LUNA). The phantom dApps ecosystem is gaining strength. Over the past seven days, four top smart contract platforms have witnessed double-digit increases in terms of total value locked (TVL), i.e. the market value in USD of all crypto assets deposited by their customers. Terra (LUNA), Phantom (FTM), Solana (SOL), Polygon (MATIC), TVL ranking top performers.
With a total unlocked value of $5.6 billion, Fantom has surpassed veteran smart contracts platform Tron (TRX). It could also surpass Polygon Network (formerly Matic Network, MATIC), which is known for its low fees and fast transaction processing, if it pulls another $100M from its dApps clients. The price of FTM rose 70% in just five days. At the same time, Phantom needs to increase his TVL by more than 100% to beat his next opponents Solana (SOL) and Avalanche (AVAX). The price of FTM, the core native token of Phantom Blockchain, reflects its explosive growth. It has increased by almost 70% since December 21, 2021. At the time of writing, FTM is changing hands at over $2.32 on major spot platforms.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.