The total transaction fees collected in the last week were the highest since November. Despite the promising growth in transactions, network growth dipped 74% over the previous month. Fantom’s [FTM] recent attempts at making the network more conducive for deployment of dApps have started to show results. As per a 10 April tweet, the layer-1 […]
A major push behind the growth in transactions could be coming from Fantom’s decentralized finance ecosystem. As per data from, the largest decentralized exchange on the chain, SpookySwap, registered a total value locked growth of over 8% in the last 30 days.
Equalizer Exchange, which had a contribution of over 8% to Fantom’s TVL, was another success story. Over the last week, the DEX grew by over 18% while its monthly expansion rate stood at 32.44% at press time. Equalizer’s twin-AMM design unites StableSwap pools with Standard ‘kxy’ liquidity pools.The layer-1 blockchain has undertaken important steps of late to entice users and projects.
To add another layer of security to the DeFi transactions, Fantom integrated the Web3 defense suite of the crypto security companylast week. With incidents of hacks continuously rising on DeFi platforms, the added measure could have spurred transactions on the platform. Before that, Fantom announced the launch of its Ecosystem Vault, which was intended to support builders by providing a decentralized channel for funding projects and ideas. As of this writing, the vault held
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