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Decentralized finance (defi) has swelled quite a bit this year and on October 5, the total value locked (TVL) in defi protocols crossed the $200 billion mark. Since January 1, the defi TVL across various blockchains has risen almost 855% from $21.4 billion to today’s $204 billion. Total Value Locked in
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Perhaps most promising, however, is the growing number of sophisticated addresses labeled by Nansen migrating to the chain. Nansen tags certain addresses which managed to achieve various milestones: the “Flash Boys” label, for instance, is given to addresses that have made multiple decentralized exchange trades in a single transaction that
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The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies
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On September 24, 2021, the Fantom Foundation announced the launch of a new non-fungible token (NFT) marketplace that aims to compete with the myriad of NFT markets out there today. The market dubbed Artion is an NFT marketplace built on the Fantom network and claims to bolster “0% commissions, with
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ATRI, the token of Atari Chain, has recorded a big rise of 72% within hours after their announcement to start using Fantom blockchain. Atari Chain is the blockchain subsidiary created by the gaming pioneer Atari and ICICB Group Atari is most well known for being one of the first and
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The Ethereum (ETH) network continues to enjoy the status of being the top smart contract platform in the blockchain industry, but the competition is slowly gaining market share because high costs and network congestion are still challenges for the protocol. One project that has been gaining traction in the month of
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The cryptocurrency market once again finds itself waiting for some form of catalyst to get the prices moving and this week commenced with the market moving sideways as Bitcoin struggles to find its footing near $48,000. Several altcoins have managed to break free of the wider market malaise and post impressive
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After the success of stablecoins, more and more banks are developing their native Central Bank Digital Currency (CBDC) solutions. Fantom CBDC is a solution to upgrade the existing banking infrastructure. In Jan 2021, the Bank of International Settlements (BIS) surveyed 65 different central banks representing around 91% of the global economy.
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In order to encourage developers to join and build on their platform, Fantom Foundation has taken quite a few steps to ensure that developers will be comfortable creating within the platform and that issues of the past will not be a roadblock with their work on Fantom. The most notable
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Central Asian nation follows Pakistan and Afghanistan with blockchain-powered digitization initiative. Tajikistan is partnering with the Fantom Foundation to develop e-government infrastructure using Fantom’s blockchain-based IT products. Under the deal, the Ministry of Industry of New Technologies will provide Fantom with access to its data flows and documentation to develop a customized
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