Fantom, a highly scalable blockchain platform, has seen exceptional growth in its network this year compared to other industry leaders like BNB Chain. Its network growth of 2,108% stands out as particularly impressive, whereas BNB Chain’s growth in 12 months is about 87%.
Unlike what most people expected, the year has been bearish, with leading platforms collapsing and most digital currencies erasing their gains from 2021 in only a few months. Some, such as Fantom’s smart contract platform, have gained momentum this year.
According to a Coin98 Analytics tweet, among non-BTC addresses, BNBChain has the most unique addresses, while Fantom has the fastest address growth.
In a recent Medium post, Andre Cronje, who is a member of both the Fantom Operations and Fantom Foundation boards, shared the company’s plans for future development.
Cronje emphasized that the company has not been impacted by the difficulties that have been affecting the cryptocurrency market over the past year.
According to the blog post statement:
We have been consistent; consistent in terms of our tech; consistent in terms of our deliverables, and consistent in terms of our growth.
One of the planned updates for the company includes the implementation of gas monetization, which will enable dapps to earn a revenue share based on the amount of gas they use. It is also working on introducing gas subsidies.
The company will also continue the development of the Fantom Virtual Machine. Additionally, it has also proposed a new funding scheme for dapp developers that aims to support those who are already self-sufficient but could benefit from additional support.
Fantom (FTM) Price Review
Fantom (FTM) was a standout in the blockchain industry in 2021 and showed great potential for success. However, the ongoing bear market has presented challenges for its native token, FTM.
This has left many FTM investors in a difficult position, as they are unsure whether to hold onto their investment or sell it. Some investors have already chosen to sell their holdings in it and are seeking out other high-growth investment opportunities.
According to the data from CoinGecko, FTM’s price is down by 91.0% in the course of a year. However, it is currently trading at $0.202032, but there are no significant gains in daily and weekly charts.
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