Fantom's futuristic, user-and-developer-friendly DeFi platform is witnessing significant growth in its TVL. As the only layer 1 solution that enables users to do transactions in a second, Fantom's simplicity and security attract thousands of new users onboard every day! As of July, Fantom's total value of assets locked across its DeFi has surpassed $340 million, an increase of over 800% in the past three months.
NEW YORK, NY / ACCESSWIRE / July 21, 2021 / Even when the market is going through a bear season, Fantom has experienced a vast and continuous increase in its total value of assets locked across various DeFi platforms. Fantom has built a reputation for itself by enabling users to quickly onboard and utilize the platform. Aside from accessibility, the Fantom blockchain offers users low transaction fees and instantaneous transactions. The team strives to deliver a high-performance platform that could bring real-world solutions and provide users with a futuristic experience.
In a modern digital world, people want platforms to scale up projects efficiently and cost-effectively. Fantom succeeded in scalability, one major issue every other blockchain failed to solve, and one of the reasons why the platform has experienced massive growth, bringing thousands of new users daily.
Despite Fantom being a fully comprehensive ready-to-go platform that analysts often call a ‘completed blockchain solution,' its creators and developers teams do not settle. Instead, they constantly update and innovate to ensure optimal user satisfaction, making the chain operate smoothly at any network load.
Fantom is both flexible and secure, as it enables users to do cross-chain interactions with other networks while maintaining its layer of security. Versatile and diverse platforms thrive in the blockchain ecosystem, and Fantom is a fine example of building solutions for regular people, not just for the tech-savvy.
Fantom currently hosts hundreds of smart contracts and dozens of platforms with huge user bases. These projects include Curve Finance, SpookySwap, SpiritSwap, Beefy Finance, Tomb Finance, Reap Farm, CREAM Finance, SushiSwap, Waka Finance, and HyperSwap. The common theme amongst these projects is low cost, stability, speed, and decentralization. Like in any other industry, users want easy-to-use, quick solutions. By using Fantom, developers can provide this experience for their users in a transparent, secure way.
Platforms like Fantom are what could innovate the DeFi space and the future of blockchain technology. Fantom's impressive growth is a clear sign of the platform's acceptance among blockchain enthusiasts, providing the competitive edge for FTM, among other cryptocurrencies. This increase in developer activity and mainstream user traffic will help the industry, in general, towards greater adoption. As developers build creative solutions and services without the hassle of scalability issues or substantial transaction costs, Fantom will remain a significant player in the DeFi space.
SOURCE: Fantom Foundation