Despite similar price action, Fantom and Optimism ecosystems are moving in opposite directions and this is reflected in each token’s price.
Since the fourth quarter of 2022, the price behavior of OP and FTM tokens has been very similar. The difference is that the uncertainty of OP is high, soaring 240% so far this year, while FTM is up 180%.
The Phantom Charity Foundation has made several improvements since the fourth quarter of 2022, which has contributed to the increase in the price of tokens. However, Fantom's ecosystem is still in its infancy, and its competitors are still expanding to drive a new test case.
On the other hand, optimism shows the strong development and design of community street decentralized application software (DAPP), which should benefit from the satisfaction of Etay Fong developers and the reasonable development strategy of optimism charitable foundation in closely combining representative encouragement with regulation.
The development trend of phantom ecosystem has come to a standstill.
The Fantom ecosystem received a harmful blow in early 2022 because of the departure of Andre Cronje, the leading Defi architect. After the departure of Cronje, the ecosystem development trend of blockchain technology has stalled. In addition, Mirage's competitors, such as Polygon, Cosmos, Arirum and optimism, are once again hosting a variety of popular software.
Cronje reentered the research and development of Fantom last November, but it didn't seem to help. There is a lack of sustainable returns in a bear market, which limits the injection of liquidity into illusions.
Fantom also hopes to improve the quality of the centralization of the blockchain through the ecosystem Innovation Fund, which will reduce the burning cost from 20 per cent to 5 per cent in December. Although the total number of smart contracts established on Fantom has increased significantly since the third quarter of 2022, the quality of Dapp still needs to be improved compared with its competitors.
The advertisement for the 30-day theme event released by Nansen shows that the largest DAPP-themed event on Fantom is limited to simple swaps, which is frustrating because of the rapid growth of other activities such as derivatives trading, social platforms and NFT trading on the chain franchises of competitors such as Arirum, Polygon and Kailang.
During the period from January 20 to February 20, the most used Dapp in Fantom was Xen Crypto, a free app similar to the peppermint Ponzi scheme. The app first appeared on Etherum in October and caused a lot of excitement in the first few days. However, as many users packed the site, the mint became more and more futile, and the hot spots calmed down.
Optimist developers succeed in new test cases
In addition, optimism, after the introduction of optimism tokens and the accompanying airdrop campaign, is well positioned to attract mobile activities into its ecosystem. In April this year, the optimism elite team said it would usher in a "season of airdrop supplies" and conducted an optimism-seeking fitness exercise.
The use of second-tier Internet consumers collecting unreplaceable tokens has increased, which may give them the right to airdrop supplies. The work ended in January, and then the theme activity plummeted. However, the liquidity of defi is still sticky.
In addition, there are a variety of activities related to cheerful emotions. The most used decentralized applications in optimism include Year Platform Pool Together, derivative service platform Synthetix, and Perpetual Protocol and its leading lending platform, AAVE.
Optimism also has a decentralized blogging platform, Mirror, that allows specific content creators to publish their articles as NFT. The usage of the website is very large, and its website has been viewed 2.7 million times.
On February 24th Coinbase, America's largest trading center, unveiled its second-tier blockchain technology, which uses the same process design as optimism. The trading center is working closely with optimist groups to interconnect blockchain technologies built in the same technology stack, called the optimism ecosystem, the announcement added. This should be a big step for optimism, and other companies learn from Coinbase to join and enhance the liquidity activities of optimism.
The code science of FTM is compared with that of OP.
One of the main drawbacks of the cheerful token is that it is only a regulation token and does not entitle customers to a specific profit on gas charges. The supply of OP tokens will rise at a rate of 2 per cent a year, and investors and teams will gradually start in April.
However, the optimism elite team encourages participation in governance, which optimizes the governance of the Protocol, thus making the encouragement consistent with its intended use, that is, a higher level of voter participation.
In fact, optimist governance is more efficient than competitors such as Uniswap and Compare in promoting decentralization. According to different uses, the ecosystem of the second layer of the Internet is still expanding. Optimism will benefit from the announcement of Arirum's original tokens, which may add fuel to the second token story and push up the price of OP tokens.
For Fantom, although the Burn role is completed in the contract, the real rate of return of the site is still negative, about-0.93%. The cost and liquidity of blockchain technology must be greatly improved to enhance the value of FTM. Otherwise, it may become more and more irrelevant along with many other first-tier agreements in the market.
Technically, when FTM holds the support line above $0.38 and keeps an eye on the support line and resistance zone of $0.95, FTM can see more rising indoor space. If it falls below $0.38, it is likely to fall to $0.19.
For OP, its price has soared above its previous peak of $2.30, which will be a support point for further upside as it goes through a price discovery. On the other hand, if it falls below this level, the price of the token may fall to $1.30.