Fantom has managed to knock Binance Smart Chain (BSC) down a notch, as it now holds the third-largest share in the world of DeFi.
The defi and smart chain blockchain projecthas officially surpassed BSC in terms of TVL in defi protocols this week. On January 24, 2022, Fantom currently holds $11.73 billion, increasing by 46.62% in seven days.
While year-to-date, Fantom’s native token fantom is up 4,671.7% against the U.S. dollar, over the last two weeks, FTM has lost 18.6%. Today, there’s $1.6 billion in FTM trade volume and the project has a market valuation of around $4.9 billion. The total value locked across all the decentralized finance blockchains on January 24, 2022, at 9:50 a.m. .
Out of the $1.6 trillion crypto economy, the defi token fantom’s overall valuation represents 0.31% of the aggregate. In terms of the $510 billion smart contract platforms, Fantom is the 13th largest blockchain, below Tron and above Stellar.
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