In the midst of several cryptos’ massive gains in the last 24 hours, Fantom (FTM) also made a significant rise. The value of Fantom (FTM) has risen 34.31 percent in the previous 24 hours as of this writing. As per CoinMarketCap, the price has risen from $1.29 to $1.84.
The DAG-based smart contract platform has gone a long way since its introduction in 2018. The platform’s humble beginnings addressed scalability issues that plagued public Distributed Ledger Technologies (DLTs).
As more innovative, intriguing, and fascinating projects opt to debut on Fantom’s network, Fantom appears to be the name on everyone’s mind. As a result, many people have already switched to Fantom and are reaping significant benefits.
For example, Open Ocean recently confirmed a collaboration with Fantom. This is significant since the first-ever CEX and DEX aggregator picked Fantom over a variety of alternative options.
Pumpkittens are another discovery that has put Fantom on the map. Since its release in the previous month, this cute NFT game has gained a lot of traction. In just two weeks after launching, the project declared a $3 million floor cap.
To boost Fantom’s growing popularity, the founder of Yearn.finance, Andre Cronje, switched to Fantom around two weeks ago. He introduced Artion, a new NFT marketplace, on Fantom.
When it comes to operations and functionality, Artion is comparable to OpenSea. On the other hand, Fantom is much faster and less expensive due to its emphasis on scalability. This is because OpenSea is built on the Ethereum blockchain, which still has difficulties with gas fees and congestion. The much-anticipated development of Ethereum 2.0 is supposed to address this.