Fantom FTM

1. Summary

Ranks

Liquidity

100

Developer

19

Social

99

Momentum (beta)

78

Stack Rank™

61

Price

$0.46 +5.3%

Market Cap

$1.29B (#62)

Supply

2.80B / 3.18B

Tags

Smart Contracts Binance Smart Chain Ecosystem Infrastructure Fantom Ecosystem Harmony Ecosystem Ethereum Ecosystem BNB Chain Ecosystem Moonriver Ecosystem Layer 1 (L1) Alameda Research Portfolio

More Metrics

Price
52W High price	$1.13
52W High date	23rd Mar 2024 (4 months ago)
All Time High (ATH) Date	28th Oct 2021 (2 years ago)
ATH Price	$3.46
% From ATH	-76.77%
All Time Low (ATL) Date	13th Mar 2020 (4 years ago)
ATL Price	$0.001902270000
% From ATL	42140.37%

Supply & Trading Volume
Trading Volume (24h)	$107.14M
Total Supply	3.18B
Max Supply	3.18B
Circulating Supply	2.80B

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Description

Fantom Overview

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Fantom Overview

Fantom is a DAG-based smart contract platform that aims to solve the scalability issues of traditional public distributed ledger technologies. The platform distinguishes itself by using a unique consensus mechanism called the “Lachesis Protocol,” which is integrated into the Fantom OPERA Chain.

Key Features

• Instant Transactions: Fantom enables instant transactions and near-zero transaction costs for users.
• Interoperability: It supports interoperability between various transaction bodies, allowing for real-time transactions and data sharing.
• Scalability: Fantom aims to provide high scalability without deploying additional blockchain infrastructure.
• Energy Efficiency: It is designed to be energy efficient.

Components of the Fantom Ecosystem

• Development Team: Responsible for platform development.
• Community: Contributes to the platform's growth and adoption.
• Applications: Various applications are built on top of Fantom.
• Validators: Stake FTM tokens to enhance network security.
• Partnerships: Formed to promote interoperability and develop new applications.
• Token (FTM): Used for transaction fees, rewarding validators, and as a means of exchange.

Lachesis Consensus Protocol

• Leaderless and Non-Linear: The Lachesis protocol is asynchronous and Byzantine fault-tolerant.
• DAG Data Structures: It uses Directed Acyclic Graph data structures.
• Proof of Stake (PoS): Validators must stake FTM tokens as collateral to participate in the validation process.

Fantom History

• Founders: Dr. Ahn Byung Ik and Matthew Hur.
• Launch Date: June 2018.
• Key Milestones: Collaboration with Binance Chain for interoperability and the introduction of Fantom Sonic, an upgrade to the OPERA layer.

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