The efforts of Fantom to enhance its network for dApp deployment are paying off as it achieves a six-month high in transaction fees collected. The surge in fees has fueled a notable increase in the price of FTM, leaving many wondering if this growth can be sustained.
At the time of writing, FTM is on the rise with a 0.9% rally in the last 24 hours, currently trading at a price of $0.479712, according to Coingecko. This positive momentum has carried over the past seven days with an impressive 8% rally, indicating a growing interest and confidence in the blockchain platform’s potential.
With exciting developments on the horizon, the future looks promising for the innovative blockchain platform.
Fantom DeFi Ecosystem Drives Growth In Transactions, Price SurgeFantom’s cumulative value of fees collected in the last week surpassed $180,000, marking the highest since November and indicating a significant surge in trading activity on the platform. This growth has also been reflected in the price of FTM, which rose by over 6% in the last week.
$FTM just experienced the largest spike in generated fees in over six months.
Few people understand how much Fantom has going for it. pic.twitter.com/KZ0gQ4fKn1
— Emperor Osmo
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Tue, 18 Apr 2023