Fantom’s FTM is the Best Performing Non-Meme Token of the Past 30 Days
Summary
Fantom's native token FTM has surged over 190% in four weeks, reaching $1.16 and a market cap of $3.29 billion. The impending Sonic upgrade aims to boost transaction processing speeds, with a testnet demonstrating a maximum theoretical throughput of 2,000 transactions per second and a time to finality of 1.1 seconds. The upgrade also includes the Fantom Virtual Machine (FVM) to enhance smart contract execution speed and facilitate migration of Ethereum-based decentralized applications to Fantom. However, investor interest in Fantom's decentralized finance ecosystem has not been revived, as the number of FTM locked in Fantom's DeFi applications has dropped to 123.85 FTM, the lowest since May 2021.
