THELOGICALINDIAN - Fantom is still aerial
Fantom has surged to new highs as the chase to defended a abode in the multi-chain approaching intensifies.
Fantom in Price Discovery
Fantom aloof hit a new best high.
The Layer 1 arrangement has kept up its multi-week rally, topping out at $2.48 Tuesday morning.
The run to new highs may accept been fueled by the barrage of a new cross-chain bridge. SpiritSwap, a arch decentralized barter on Fantom, has launched a multi-chain bridge, acceptance users to accelerate assets amid Binance Smart Chain, Ethereum, Polygon, and Fantom. SpiritSwap’s SPIRIT badge has additionally jumped today.
While the account of accessible assets varies depending on the arrangement pairing, the arch supports above stablecoins such as DAI, USDT, and USDC as able-bodied as ETH, MATIC, BNB, and abounding more. SpiritSwap’s multi-chain arch will accomplish it easier to move assets assimilate Fantom, auspicious users to booty advantage of new crop agriculture opportunities on the network.
Over the accomplished month, several highly-anticipated launches on Fantom accept fueled its brief rally. The network’s FTM badge has climbed over 82% in the aftermost 30 days, with the amplification of DeFi on the arrangement arena a above role. At the alpha of the month, the lending and borrowing agreement Geist Finance launched on Fantom, blame the FTM badge up 36%. Following that, Yearn.Finance announced that it would be accretion to the Fantom network, blame prices alike higher.
Fantom is one of several Layer 1 tokens that’s apparent huge advance this year. Solana, Avalanche, Terra, and Cosmos all rallied over the summer amidst growing acceptance in a multi-chain future, with acceptable clamminess mining programs and airdrops allowance to allure users to their ecosystems.
However, with Bitcoin currently assertive the market, added Layer 1 tokens are boring bleeding the assets they put in throughout August and September. Fantom has airy this trend, breaking out college and putting in new best highs.
Disclaimer: At the time of autograph this feature, the columnist endemic BTC, ETH, SOL, and several added cryptocurrencies.
