Partnered With:

These potential projects on Fantom are worth watching

Read this article in 6 Minutes

Fantom is democratizing the way developers build great Dapps.

原文标题：《发掘宝石｜Fantom 上的这些潜力项目值得关注》

Original article by Viktor DeFi, DeFi Researcher

0x11, Foresight News

The Fantom ecology is growing rapidly and many exciting opportunities are emerging. If you're reading this, you're still one of the early explorers. This tweet will be a brief introduction to Fantom and some promising gems in ecology.

overview

Fantom is a L1 public chain that uses a single consensus layer to support the creation of multiple execution chains. Fantom, founded in 2018, is one of the oldest public chains after Ethereum and has been up and running 99.9% of the time since its inception.

Quick overview

Fantom is led by @michaelfkong, @AndreCronjeTech, @Quan6888 and @theotherpomp

Fantom Ecology has more than 200 Dapps and counting.

FTM is listed on about 65 trading platforms and 127 markets

According to @DefiLlama, Fantom's TVL is about $515 million

Fantom offers the fastest transaction confirmation time (under 900 ms).

Fantom's unique address has been growing steadily since October 2022

FVM could theoretically process about 400m transactions a day, four times as many as VISA

technology

Fantom's PoS consensus mechanism is called Lachesis. With Lachesis, each validator has its local block DAG, batching transactions into an event block and adding them as vertices to its DAG structure.

Essentially, Lachesis enables Fantom to deliver high transaction speeds, low transaction costs, and final certainty. At the same time, Lachesis can be scaled to many nodes around the world in an open environment without permission, providing a good degree of decentralization.

progress

Fantom recently adopted a governance proposal to initiate a Gas monetization structure to reward high quality DApps. Under the proposal, developers would earn 15% of the Gas consumed by the contract as revenue.

In addition, Fantom's Ecosystem Vault went live last month. Vault is an on-chain and community-driven fund, in which Fantom offers a 10% grant on network transaction fees, designed to support new projects and ideas. To date, Vault has attracted more than 130,000 FTMS.

Promising new projects

SpookySwap

SpookySwap is a one-stop protocol for all DeFi activities on Fantom - from trading to mining and more. You can mortgage BOO for passive rewards.

Equalizer Exchange

The Equalizer Exchange's dual AMM design connects StableSwap pools with standard "kxy" liquidity pools. The Equalizer recently reached $44 million TVL. In addition, they are one of the top safes on Famtom.

Beethoven

Beethoven used Balancer to offer its users auto-rebalancing index funds.

Morpheus Swap

Morpheus Swap is an innovative revenue farming and aggregator protocol that will soon be launched.

Other items worth mentioning:

Tarot Finance

COMB Financial

Mummy Finance

Personal opinion

Fantom is building quality DApps in a democratizing way with solid infrastructure. At the current rate, it promises to be the most exciting base layer in 2023 and beyond, and I'm firmly bullish on it.