Numbers don't lie.
Fantom is now the 4th most used decentralized network in the world.
cryptofees.info
Simone
@theotherpomp
Joined December 2019
- 1/ I wanted things to settle down before chiming in. So what happened? In one word, miscommunication. The market reacted to the wrong message. Fantom will be fine – nothing changed. A thread:
- Replying to @elonmuskSounds like Fantom (FTM) would be ideal for you guys. It uses Proof-of-Stake so it's very eco-friendly. Also transactions cost a fraction of a cent. Happy to talk about it Elon
- In the past 3 days, $1B moved from Ethereum to Fantom using @MultichainOrg. source: @uniwhalesio Probably nothing.
- So this happened. Fantom is now the 5th largest chain by TVL. It also has the lowest mcap/TVL ratio among the top20+ chains. 👻
- Fantom is in the top 5 networks for generated fees. Caveat: all the top 4 chains have more expensive fees than Fantom Source: cryptofees.info
- Unlike Bitcoin and Ethereum, Fantom uses a very efficient Proof-of-stake system to validate transactions. A transaction on Fantom consumes: - 52 times less energy than a Visa tx - 6.6 million times less energy than an Ethereum tx - 47 million times less energy than a Bitcoin tx
Fantom's ethos is to create a technology that has the lowest impact on the planet. Yearly, Fantom: 🔹 consumes less than one single US home 🔹 11 million times less than Ethereum Also, a single tx on Fantom consumes 52x less energy than a Visa tx. fantom.foundation/blog/fantom-th… - First they ignore you, then they laugh at you, then they fight you, then you win. $FTM
