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The key drivers behind Fantom’s recent price rally

At the time of writing, crypto is entering a bear market as Bitcoin, Ether and most Layer-1 altcoins have dipped 20-30% from its all-time-highs. Defying these trends is the ghost-themed Fantom blockchain. In the past month, its native token FTM has seen a surging price rally of 121% to $3.02.
Statistics of Fantom’s performance is nothing short of impressive. Total-value-locked on Fantom went from $1 billion+ in September to $7 billion today.
The growth of Fantom’s total value locked (Defi Llama)
The Fantom Foundation published at the end of 2021 a list of important milestones that were hit, such as daily transaction counts of 700,000, while its unique addresses continue to increase into the 1.4 million range.

Fantom keeps growing!
$5.3b TVL
1.4m+ unique addresses
700k daily transactions
78.9k unique daily users
354k unique monthly users
$8.6B volume on @MultichainOrg
93k smart contracts
sources:@FtmScanHQ @nansen_ai
— Fantom Foundation (@Fantom

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