Fantom network has processed nearly half a million transactions since its inception, thus indicating a sharp uptick in demand amid the bullish awakening.
The layer one smart contract network with a TVL of $352 million has attracted notable attention from multichain DeFi developers amid the mass adoption of Web3 projects.
Fantom (FTM), a fast-growing layer one smart contract-oriented blockchain with a vibrant decentralized financial (DeFi) ecosystem, has been making respectable moves in the past few weeks, which is worth paying close attention to. The medium-capped altcoin ranked 61st by market capitalization has rallied about 79 percent YTD to trade around 42 cents at the time of this report amid the Bitcoin-led altcoin awakening.
As a well-funded multi-chain hub, Fantom network has been developing the necessary infrastructure to attract mass adoption of the web3 industry. Moreover, the Fantom network has been processing large transactions, which suggests heightened demand by instituti

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