
What Is Fantom? The Fast Blockchain Taking on Ethereum
Fantom (FTM) is the latest smart contract blockchain protocol aiming to take on Ethereum, with a combination of speed and low costs.

Fantom (FTM) is the latest smart contract blockchain protocol aiming to take on Ethereum, with a combination of speed and low costs.
Coins
Crypto-stealing malware Inferno Drainer remains in operation despite publicly shutting down—and has has been used to snatch over $9 million from crypto wallets over the past six months. According to cybersecurity firm Check Point Research, over 30,000 crypto wallets have been drained by the resurgent malware campaign, whose developers claimed to have ceased operations in November 2023. Deep Dive into Inferno Drainer Reloaded: tracing malicious smart contracts, decrypting drainer configs, and fu...
DeFi
Decentralized lending platform Polter Finance suffered a devastating exploit on the Fantom blockchain, essentially wiping out most of its assets. The breach, discovered early Sunday, involved the manipulation of the platform’s token pricing mechanisms, leaving its users in shock. The attacker began by funneling funds through Tornado Cash, an Ethereum-based coin mixer that conceals the origin of funds. These assets were then bridged—transferred from Ethereum to the Fantom network—where the exploi...
Coins
The native token of Fantom, FTM, is up 8% today, making it the best performing crypto among the Top 100 coins by market cap today following the announcement of its USDC.e stablecoin launch and an upcoming network upgrade. Fantom is a directed acyclic graph (DAG) smart contract platform. FTM has been jockeying with Toncoin for preeminence, with TON leaping into the Top 10 earlier today. Fantom focuses on providing decentralized finance (DeFi) services to developers using its bespoke consensus alg...
Markets
It would seem Fantom (FTM) hodlers have mastered the Zen mindset and don’t want to know about corrections, market FUD, or any of the scary news filling today’s market analysis. Launched in 2018, Fantom is a Layer 1 meant to compete with Ethereum. It uses a single consensus layer, called Lachesis Protocol, to support the creation of multiple execution chains. The FTM token has registered a remarkable 13.7% spike in the last 24 hours and is the best performing token of the top 100 by market capita...
Technology
Fantom co-founder Andre Cronje is hoping to give blockchain technology as we know it a facelift. "Blockchain technology is stuck in the eighties," he told Decrypt. "The internet and tech back then were predominantly used for financial applications simply because financial transactions were the only thing that made economic sense to digitize." Cronje added that today's standards mean those kinds of transactions now cost a fraction of a penny, something that "would cost you much more" on networks...
Coins
Over the past week, FTM has soared roughly 35%. Chatter around a new stablecoin for the project alongside a host of new updates have likely been the key motors behind the latest move. These developments also suggest that DeFi developer Andre Cronje’s return to crypto is much more than just a phase. After saying goodbye to the game (again) last March, then returning in November, it now looks like the mind behind Yearn Finance and Keep3r (and numerous other high-profile projects) is rolling up his...
DeFi
There are currently over 20,000 blockchain projects on the market, each competing with the others to gain market share and dominance. And Since the onset of the crypto bear market, the price of these tokens have tanked across the industry. For now, Fantom is among the relatively better-known chains. Its FTM token (No. 67 by market cap) is down 93% since its all-time high of $3.46 on October 28, 2021, and currently trading at $0.22, according to CoinGecko. But the down market and crowded field...
Coins
The price of Fantom (FTM), the token underpinning the eponymous blockchain network, surged by 12% over the past 24 hours, hitting a daily high of $0.502 in the early hours on Monday. As data from CoinMarketCap shows, FTM is also up an impressive 45% over the last seven days, making it the top-performing cryptocurrency among the industry's top-100 largest assets. Fantom's latest price action may have been driven by speculation that Andre Cronje, a prolific decentralized finance (DeFi) developer,...
The Projects
Use an Ethereum protocol on a particularly congested day and you'll surely balk at the fees, which can easily surpass the value of your trade if you are, say, swapping crypto worth no more than the change in your pocket. Help is at hand in the form of alternative layer-1 blockchains like Solana, Avalanche, and the subject of today’s lecture: Fantom. Fantom is a smart contract-supporting blockchain, powered by its native FTM token. Following a $40 million raise, Fantom launched its mainnet in Dec...