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$2.5T
Total marketcap
$76.65B
Total volume
BTC 50.91%     ETH 15.11%
Dominance
Fantom

Fantom FTM Price

$0.7502 6.9525%
  • BTC 0.000012
  • ETH 0.0002

Fantom Price chart

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Statistics

Fantom Price $0.7502 All-time high $3.46 Days since ATH 906
Price change $0.04876 (6.9525%) Date of ATH Oct 28, 2021 % of ATH -78.34%

Fantom Review

Fantom (code: FTM)

Founded Date: Jun 14, 2018

Founders:

Ahn Byung Ik
Ahn Byung Ik
Co-founder & CEO
Michael Kong
Michael Kong
Co-founder & CIO

Fantom(FTM) - Coin Trading Data

Fantom Price $0.7502
Ticker FTM
Market Capitalization $2.1B
Fully Diluted Valuation (FDV) $2.38B
Value 24h low $0.677
Value 24h high $0.7501
Trade Volume for 24h $163.49M
Current Circulating Supply 2.8B
Maximum Supply 3.18B
Algorithm
ICO Price and ICO ROI 0.03 USD 25.01x
Price Change 24h % 6.9525%
FTM quote $0.7502
Fully Diluted Valuation (FDV) $2.38B

Fantom(FTM) ATH - All Time High Price

Fantom ATH Price $3.46
FTM quote 906
ATH Date Oct 28, 2021
All Time High % -78.34%

Fantom Profile

Fantom is a decentralized platform that is characterized by its high performance and highest scalability. The service is designed for smart contracts based on DAG. Fantom network is compatible with Ethereum Virtual Machine and also supports smart contracts and decentralized software based on Solidity programming language.

The Fantom team has developed a platform that can be used in a wide variety of industries, including:

History of Fantom

  • In 2018, Fantom Foundation Ltd. was registered in South Korea. The author of the project is Ann Byung Ik, better known in his own country for developing the restaurant rating app named SikSin.
  • Later in 2018, private investment rounds were held, in the process of which it became possible to attract the attention of venture capital funds.
  • The public Fantom token sale was held in the summer of 2018. The FTM project announced itself as the first smart contract service based on DAG. The token sales managed to raise more than $39 million.
  • The Fantom test network was officially launched at the end of 2018.
  • Since February 2019, the project has been managed by the Fantom Foundation team, which includes several dozen programmers and managers working under the leadership of Australian blockchain developer Michael Kong. The main technical consultant of the project is Andre Cronje, the creator of yEarn Finance and Keep3r Network.
  • In fall 2021, the Fantom ecosystem ranked among the top ten blockchain platforms by amount of blockchain funds blocked, with more than a million unique addresses in the network.

FTM

FTM is the project's native coin. It is used to pay transaction fees on the network, commissions for deploying smart contracts, and is paid as a reward to validators for creating new blocks.

FTM supports more than just its own standard. The token is made in versions for Ethereum (ERC standard) and Binance Smart Chain (BEP standard). If you have reserves of other tokens in these ecosystems, you can easily exchange them for FTM using Uniswap or Pancake.

Classic mining on computers or special devices is not possible. Tokens can be earned by stacking. To get validator status, you need to block one million tokens on your balance. In addition, any user must deposit up to 15 million tokens on their node.

Fantom Technologies

Instead of the standard Proof-of-Work or Proof-of-Stake, this network uses its own consensus mechanism, called Lachesis. Lachesis is an aBFT consensus algorithm developed by the Fantom team.

Simply put, Lachesis offers third-party participants to build applications and conduct transactions on the network without validating the network itself.

BFT is the ability of any decentralized network to reach consensus and continue operating despite the wrong data or malicious presence. But PoW gets its share of criticism because of its energy consumption or slowness.

However, aBFT is first class when it comes to consensus mechanisms. The network can remain decentralized, secure and scalable at the same time, unlike classical BFT, where only 2 of 3 conditions can be implemented.

As for DeFi applications, Fantom at the moment supports:

  • Liquid staking: you can use stacked FTM tokens as collateral for DeFi applications.
  • fMin: In Fantom, you can mint dozens of synthetic assets, including cryptocurrencies, national currencies, and commodities.
  • fLend: You can lend and borrow digital assets to trade and earn interest without losing access to held FTMs.
  • fTrade: You can trade fantom digital assets without leaving your wallet. This provides a fully automated and decentralized AMM replacement.

Fantom Opera

Fantom Opera is an inclusive open-source platform that hosts dApps software. Among the distinguishing features of the Opera network we should mention an extensive range of smart contracts features.

In addition, the environment interacts with the Ethereum virtual machine and even works with the Solidity programming language, which is used for smart contracts in the Ethereum network.

Fantom developers launched the Opera network in order to overcome the limitations of old-style blockchains. Before that period, blockchains were based on the PoW mechanism with stochastic finalization, which required a significant amount of time to complete transactions. Bitcoin had an average finality rate of one hour. Ethereum had it somewhere around six minutes. At the same time, Opera FTM takes one to two seconds.

The Phantom architecture has a protocol divided into three layers, each with its own responsibilities. These are the Opera Core layer, the Opera Ware layer and the Application layer.

OPERA Core LevelOPERA WareOPERA Application Level
This is the bottom layer, which is responsible for maintaining consensus between nodes in the Lachesis protocol. It is also responsible for creating events. It uses DAG to validate transactions, and because of the use of DAG technology, nodes can process them asynchronously.The OPERA Ware layer lies in the middle of the protocol and is designed to handle such functions as issuing rewards, issuing payments, and recording "Story Data" on the platform.At the top there is the OPERA application layer, which hosts the public APIs that developers will use to allow their dApps to interact with the OPERA Ware layer. What is particularly interesting is how it interacts with what Phantom calls "Story Data".

Story Data is a way that Fantom tracks all past transactions, unlike Ethereum, where tracking past transactions is limited. Each transaction and execution of a smart contract in Fantom stores a small piece of data called Story Data, which is used in transaction tracking functions.

This separation reduces the load on the network. For example, the execution of smart contracts does not load the part of the blockchain that is responsible for block formation. As a result, Fantom can process up to 300,000 transactions per second. Moreover, the fee for transferring tokens from one wallet to another is about one ten-millionth of a cent.

These innovations are largely aimed at the development of decentralized applications and the Fantom DeFi-ecosystem. The blockchain is designed in such a way that increasing the number of applications does not overload the network. Ethereum runs all applications on a single decentralized computer. Fantom creates a new decentralized computer for each application.

Summary

Fantom is a promising project with great potential for growth. Its success will depend on how well its ecosystem develops, as well as the overall state of the market. Future growth factors include new partnerships and the planned release of the new Fantom Virtual Machine (FVM), which will make the network even more scalable. FVM development is being conducted in collaboration with the University of Ense and the University of Sydney.

How much is a one Fantom worth now?

1 Fantom worth $0.7502 now.

What is the price of FTM?

The price of FTM is $0.7502.

What is the Fantom max supply?

The max supply of Fantom is 3.18B.

What is the Fantom stock symbol or ticker?

The stock symbol or ticker of Fantom is FTM.

How many FTM coins are there in circulation?

There are 2.8B coins in circulation of FTM.

What is the exchange rate of Fantom(FTM)?

The exchange rate of Fantom is $0.7502.

What was Fantom's trading volume in 24 hours?

Fantom's 24-hour trading volume is $163.49M.

What was the highest price paid for Fantom?

Fantom reached a record high of $3.46 on Oct 28, 2021

Fantom Exchange Rates on Trading Markets

# Exchange Pair Price 24h volume Volume % Updated
1 Binance Binance FTM/USDT $0.7503 $42.6M 24.51% 21 hours ago
2 Nami.Exchange Nami.Exchange FTM/VNST $0.7464 $11.44M 6.58% 20 hours ago
3 Nami.Exchange Nami.Exchange FTM/USDT $0.7464 $11.3M 6.5% 20 hours ago
4 Bybit Bybit FTM/USDT $0.7503 $9.79M 5.64% 21 hours ago
5 CITEX CITEX FTM/USDT $0.7503 $7.32M 4.21% 21 hours ago
6 OKX OKX FTM/USDT $0.7496 $6.82M 3.92% 21 hours ago
7 Gate.io Gate.io FTM/USDT $0.7503 $5.21M 3% 21 hours ago
8 KuCoin KuCoin FTM/USDT $0.7496 $4.65M 2.67% 21 hours ago
9 HTX HTX FTM/USDT $0.7503 $4.51M 2.6% 21 hours ago
10 WhiteBIT WhiteBIT FTM/USDT $0.749 $3.77M 2.17% 21 hours ago
11 Bitget Bitget FTM/USDT $0.7496 $3.62M 2.09% 21 hours ago
12 Coinstore Coinstore FTM/USDT $0.7483 $3.07M 1.77% 21 hours ago
13 Azbit Azbit FTM/USDT $0.7496 $2.7M 1.55% 21 hours ago
14 LBank LBank FTM/USDT $0.7496 $2.68M 1.54% 21 hours ago
15 XT.COM XT.COM FTM/USDT $0.7496 $2.25M 1.29% 21 hours ago