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Coin Watch: Fantom (FTM)

What is Fantom (FTM)?  

Fantom (FTM) is a blockchain platform designed for fast, scalable, and secure transactions.  

It uses an innovative DAG-based consensus protocol called Lachesis to achieve unparalleled speed, security, and scalability. Fantom is also EVM compatible, allowing developers to deploy and run their Ethereum dApps on the platform.  

The platform has been expanding beyond high-yield protocols and DeFi, moving towards dApps and gaming during the bear market. Fantom has over 200 dApps already deployed on the platform. These include things from DEXs to NFT platforms, and gaming tools.  

Activity on the rise

The daily active users on the Fantom network have increased by 52% in the past six months, while network fees are also up 144% in the past 90 days.

Fantom & gaming  

In addition to its past focus on apps and DeFi, Fantom has also been building out infrastructure for the gaming industry. With its fast and scalable DAG consensus protocol, Fantom is well-suited for handling the complex, high-throughput transactions that are inherent in gaming, but is only one of a number of players emerging to target this market.  

Why we’re watching 

The platform has partnered with a number of gaming companies to develop gaming tools, including companies like SuperFarm and Gala Games. Fantom’s gaming infrastructure provides an opportunity for game developers to create new gaming experiences that are more secure, transparent, and truly owned by the players.  

FTM token is the primary token of the Fantom ecosystem. With its fast and secure platform, versatile ecosystem, and growing focus on gaming infrastructure, Fantom is potentially positioned to be a leader in the blockchain gaming sector. 

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