{"id":526580,"date":"2023-04-12T10:33:49","date_gmt":"2023-04-12T10:33:49","guid":{"rendered":"https:\/\/uniquehot.com\/?p=526580"},"modified":"2023-04-12T10:34:34","modified_gmt":"2023-04-12T10:34:34","slug":"fantom-transaction-fees-hit-6-month-high","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/fantom-transaction-fees-hit-6-month-high\/","title":{"rendered":"Fantom Transaction Fees Hit 6-Month High – Exploring Price Impact Of The Surge"},"content":{"rendered":"

The efforts of Fantom to enhance its network for dApp deployment are paying off as it achieves a six-month high in transaction fees collected. The surge in fees has fueled a notable increase in the price of FTM, leaving many wondering if this growth can be sustained.\u00a0<\/span><\/p>\n

At the time of writing, FTM is on the rise with a 0.9% rally in the last 24 hours, currently trading at a price of $0.479712, <\/span>according to Coingecko<\/span><\/a>. This positive momentum has carried over the past seven days with an impressive 8% rally, indicating a growing interest and confidence in the blockchain platform’s potential.<\/span><\/p>\n

With exciting developments on the horizon, the future looks promising for the innovative blockchain platform.<\/span><\/p>\n

Fantom DeFi Ecosystem Drives Growth In Transactions, Price Surge<\/strong><\/h2>\n

Fantom\u2019s\u00a0 cumulative value of fees collected in the last week surpassed $180,000, marking the <\/span>highest since November<\/span><\/a> and indicating a significant surge in trading activity on the platform. This growth has also been reflected in the price of FTM, which rose by over 6% in the last week.<\/span><\/p>\n

\n

$FTM<\/a> just experienced the largest spike in generated fees in over six months.<\/p>\n

Few people understand how much Fantom has going for it. pic.twitter.com\/KZ0gQ4fKn1<\/a><\/p>\n

\u2014 Emperor Osmo\ud83e\uddea (@Flowslikeosmo) April 10, 2023<\/a><\/p><\/blockquote>\n

A key factor behind this growth in transactions could be attributed to Fantom’s decentralized finance (DeFi) ecosystem. Data from DeFiLlama reveals that SpookySwap, the largest DEX on the chain, experienced a total value locked (TVL) growth of more than 8% in the last 30 days.\u00a0<\/span><\/p>\n

Meanwhile, Equalizer Exchange, which contributed over 8% to Fantom’s TVL, also saw remarkable success, with its growth rate standing at 32.44% at press time and a solid 18% growth in the last week alone.\u00a0<\/span><\/p>\n

The success of these DEXs is a testament to the thriving DeFi ecosystem on Fantom’s blockchain, which could further drive the platform’s growth and popularity.<\/span><\/p>\n

FTM’s Price Action, DeFi Growth Impress Investors But Dev Activity Drops<\/strong><\/h2>\n

Despite the optimistic sentiment surrounding Fantom’s FTM due to its strong price action and growing DeFi landscape, there are some concerns about the network’s growth. <\/span><\/p>\n

Recent data shows that <\/span>development activity has dropped<\/span><\/a> considerably, which could potentially delay important upgrades in the near future.<\/span><\/p>\n

Related Reading: Bitcoin Price Poised To Hit $50,000, This Crypto Expert Predicts<\/a><\/div>\n

<\/p>\n

FTM total market cap now at $1.36 billion on the daily chart at TradingView.com<\/a><\/pre>\n
Related Reading: Solana Sparkles With Highest 24-Hour Gain Among Top 10 Cryptos<\/a><\/div>\n

Furthermore, while the growth in transactions is promising, the network’s overall growth has dipped by 74% over the previous month, raising concerns about user adoption. On a positive note, the 30-day MVRV Ratio indicates that FTM holders could realize profits if they sell their tokens.<\/span><\/p>\n

While there are some challenges ahead, the positive momentum of FTM’s price action and DeFi growth continues to impress investors. As the platform continues to develop and improve, it will be interesting to see how these factors impact FTM’s performance in the long run.<\/span><\/p>\n

-Featured image from Analytics Insight<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The efforts of Fantom to enhance its network for dApp deployment are paying off as it achieves a six-month high in transaction fees collected. The surge in fees has fueled a notable increase in the price of FTM, leaving many wondering if this growth can be sustained.\u00a0 At the time of writing, FTM is on the rise with a 0.9% rally in the last 24 hours, currently trading at a price of $0.479712, according to Coingecko. This positive momentum has carried over the past seven days with an impressive 8% rally, indicating a growing interest and confidence in the blockchain platform’s potential. With exciting developments on the horizon, the future looks promising for the innovative blockchain platform. Fantom DeFi Ecosystem Drives Growth In Transactions, Price Surge Fantom\u2019s\u00a0 cumulative value of fees collected in the last week surpassed $180,000, marking the highest since November and indicating a significant surge in trading activity on the platform. This growth has also been reflected in the price of FTM, which rose by over 6% in the last week. $FTM just experienced the largest spike in generated fees in over six months. Few people understand how much Fantom has going for it. pic.twitter.com\/KZ0gQ4fKn1 \u2014 Emperor Osmo\ud83e\uddea (@Flowslikeosmo) April 10, 2023 A key factor behind this growth in transactions could be attributed to Fantom’s decentralized finance (DeFi) ecosystem. Data from DeFiLlama reveals that SpookySwap, the largest DEX on the chain, experienced a total value locked (TVL) growth of more than 8% in the last 30 days.\u00a0 Meanwhile, Equalizer Exchange, which contributed over 8% to Fantom’s TVL, also saw remarkable success, with its growth rate standing at 32.44% at press time and a solid 18% growth in the last week alone.\u00a0 The success of these DEXs is a testament to the thriving DeFi ecosystem on Fantom’s blockchain, which could further drive the platform’s growth and popularity. FTM’s Price Action, DeFi Growth Impress Investors But Dev Activity Drops Despite the optimistic sentiment surrounding Fantom’s FTM due to its strong price action and growing DeFi landscape, there are some concerns about the network’s growth. Recent data shows that development activity has dropped considerably, which could potentially delay important upgrades in the near future. Related Reading: Bitcoin Price Poised To Hit $50,000, This Crypto Expert Predicts FTM total market cap now at $1.36 billion on the daily chart at TradingView.com Related Reading: Solana Sparkles With Highest 24-Hour Gain Among Top 10 Cryptos Furthermore, while the growth in transactions is promising, the network’s overall growth has dipped by 74% over the previous month, raising concerns about user adoption. On a positive note, the 30-day MVRV Ratio indicates that FTM holders could realize profits if they sell their tokens. While there are some challenges ahead, the positive momentum of FTM’s price action and DeFi growth continues to impress investors. As the platform continues to develop and improve, it will be interesting to see how these factors impact FTM’s performance in the long run. -Featured image from Analytics Insight<\/p>\n","protected":false},"author":557,"featured_media":526590,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[10923,9376,86580,4735],"class_list":["post-526580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-crypto-market","tag-fantom","tag-ftm-price","tag-price-action"],"acf":[],"yoast_head":"\nFantom Transaction Fees Hit 6-Month High<\/title>\n<meta name=\"description\" content=\"The efforts of Fantom to enhance its network for dApp deployment are paying off as it achieves a six-month high in transaction fees collected. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Fantom Transaction Fees Hit 6-Month High – Exploring Price Impact Of The Surge","url":"http:\/\/uniquehot.com\/news\/fantom-transaction-fees-hit-6-month-high\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/fantom-transaction-fees-hit-6-month-high\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/04\/a-37.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/04\/a-37.png?fit=769%2C527"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto market","fantom","ftm price","price action"],"dateCreated":"2023-04-12T10:33:49Z","datePublished":"2023-04-12T10:33:49Z","dateModified":"2023-04-12T10:34:34Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Fantom Transaction Fees Hit 6-Month High – Exploring Price Impact Of The Surge\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/fantom-transaction-fees-hit-6-month-high\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/fantom-transaction-fees-hit-6-month-high\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-37.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/04\\\/a-37.png?fit=769%2C527\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto market\",\"fantom\",\"ftm price\",\"price action\"],\"dateCreated\":\"2023-04-12T10:33:49Z\",\"datePublished\":\"2023-04-12T10:33:49Z\",\"dateModified\":\"2023-04-12T10:34:34Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/04\/a-37.png?fit=769%2C527","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/526580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=526580"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/526580\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/526590"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=526580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=526580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=526580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}