Fantom Price Surges 20% amid Andre Cronje’s Unexpected Comeback

Fantom (FTM) price has seen a bullish trend, which is worth analyzing. At the time of writing, Fantom’s price was trading at $0.261536 with a 24-hour trading volume of $407,044,934, as per CoinMarketCap. Data shows that the token was up 20.28% in the last 24 hours and ranked #67, with a live market cap of $665,610,896.

Based on the below chart analysis, Fantom crossed the $3 threshold twice in 2021 while trading at $0.2-$0.4 at the beginning of the year.

During that year, FTM recorded a 10x growth, setting two all-time highs at almost the same level in a span of 12 months. The first highs were witnessed at the time of the overall market growth in February and May. The second highs were seen in September 2021 and January 2022, when Fantom was worth $3.16 and $3.3, respectively, when the crypto market recorded its peak growth.

Numerous developments contributed to the growth of Fantom’s value throughout 2021. In May last year, the Fantom Foundation supported a few native projects, such as SpiritSwap and SpookySwap, as part of the Fantom ecosystem.

Furthermore, several protocols, like Geist Finance, Scream, Reaper Farm, RoboVault, and others, appeared within the Fantom ecosystem during that year. Also, Fantom blockchain started partnering with multiple projects from different fields, such as Coti (Payment), Suterusu (Privacy), V-ID (Identity), Travala (Travel), and others.

Fantom’s price evolved and achieved its latest all-time high point in 2021; so far, the record has never been surpassed.

As it can be seen in the chart, since the early part of this year, the token experienced some significant challenges, which pointed to why it cooled its steam. On 10 March, Fantom announced the departure of one of its key developers, Andre Cronje, from the project as of the end of March 2022. Blockchain.News further reported the matter. As a result, the update caused the price of FTM to drop by over 20% over 24 hours and trade low.

Besides that, Fantom prices also have been trading low this year due to the wider crypto winter that started seriously at the end of April.

But for the last 30 days, Fantom’s price went up by 19.49%, 21.25% surged for the last seven days, and 24% up over the last 24 hours. Market report associates the latest bullishness with rumours that DeFi trailblazer Andre Cronje is returning to the industry. The total volume of assets locked in Fantom also rose 3.10% in the last 24 hours to $517.22 million, thus reacting positively to the speculation.

Rumours about Cronje’s return started last week when he published a medium post talking about various matters that led to the recent market downturn. The DeFi developer also used that opportunity to call for more regulatory reforms within the sector.

However, the crypto community members were divided based on the post, with some arguing that the publishing was not from Cronje. But early yesterday, Cronje updated his LinkedIn profile to read that he is the Vice President of Memes at the Fantom Foundation, and stated he started the position this month. He also shared a tweet via his verified Twitter account that showed he was back in the industry. All these confirm the speculation that Cronje has finally returned.

Cronje is widely regarded as the father of DeFi for his various contributions to the space. He is credited with developing several projects such as Yearn Finance, Keep3rV1, PowerPool, SushiSwap, PowerPool, CreamV2, and many more. He was Chairman of the Fantom Foundation and served as the project’s technical advisor.

Image source: Shutterstock


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Unstoppable Domains Partners with Fantom to Make Crypto Transactions Easier

To eliminate the pain points associated with cryptos like misunderstanding, trepidation, and fear, Unstoppable Domains has collaborated with Fantom to make transactions simpler and easier.

Fantom, a layer-1 blockchain platform, expects the strategic partnership to trigger a frictionless and unified crypto ecosystem. Per the announcement:

“Unstoppable Domains will support the Fantom network, and allow Fantom’s more than 3.5 million users to benefit from the simplified movement of digital assets via human-readable wallet addresses.”

Unstoppable Domains is a top platform for Web3 digital identity whose NFT domains act as a payment hub comprising human-readable addresses.


Through the partnership, the Fantom network will benefit from simplified crypto transactions, user verification, and identity ownership. 


Michael Kong, Fantom CEO, noted:

“Unstoppable Domains has been at the forefront of decentralized domains for years, and is a pioneer in the Web3 space. We are thrilled to work alongside Unstoppable Domains to bring these domain names to the Fantom Network, and to further simplify the movement of digital assets for our users.”

On his part, Sandy Carter, SVP and channel chief of Unstoppable Domains stated:

“The number of use cases for NFT domains continues to grow. We are excited to work with Fantom Foundation to help improve crypto payments, and bolster the wider Web3 landscape.”

The Fantom network recently incorporated automatic audits into decentralized applications (dApps).


Meanwhile, Unstoppable Domains recently introduced an easier way for users to purchase cryptocurrencies on MoonPay, Blockchain.News reported. 


The partnership between MoonPay and Unstoppable Domains is intended to resolve the loss of crypto funds once sent to the wrong addresses because it is nearly impossible to recover. Furthermore, the collaboration also intended to make the onboarding of mass users into the Web3.0 space more realistic.

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Web3 Data Ecosystem Pocket Network Adds Support for the Fantom Blockchain

The Web3 blockchain data ecosystem Pocket Network adds support for the Fantom blockchain, allowing developers to mint Fantom RPC endpoints for their applications directly from Pocket Portal, earning $POKT tokens.

Remote Procedure Call is a software communication protocol that one program can use to request a service from a program located on another computer on a network without having to understand the network’s details. RPC is used to call other processes on the remote systems like a local system.

Pocket Network is a blockchain data platform built for applications that use cost-efficient economics to coordinate and distribute data at scale, enabling seamless interactions between blockchains and applications.

Fantom is a highly scalable blockchain platform for DeFi, crypto dApps, and enterprise applications.

Michael Kong, CEO of the Fantom Foundation, said that:

“Having Pocket Network’s decentralized RPC on Fantom brings us one step closer to a future built on censorship-resistant and decentralized infrastructure.”

Pocket provides RPC access to Ethereum, Polygon, and a dozen more blockchain networks. Its native blockchain protocol, cryptocurrency $POKT (a utility token), provides the second layer of full node incentives.

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Yearn Finance Founder Andre Cronje Allegedly to Stop Contributing to DeFi

Andre Cronje, the renowned blockchain developer who came to the limelight with Yearn Finance, is allegedly going to stop contributing to Decentralized Finance (DeFi) and cryptocurrencies in general. 


Anton Nell made the revelation a Fantom Foundation developer who took to Twitter to announce himself and Cronje have decided to stop contributing to DeFi and the broader cryptocurrency ecosystem. While the news has not yet been verified on the part of Andre Cronje, Anton said as many as 25 applications would be closed down from April 3. 

Amongst the applications singled out by Anton includes YearnFi, the Keep3r Network, and the recently launched Solidly Exchange that is built on the Fantom network. 

“Andre and I have decided that we are closing the chapter of contributing to the Defi or crypto space. There are around ~25 apps and services that we are terminating on April 03 2022,” Anton’s tweet reads, “Unlike previous “building in defi sucks” rage quits, this is not a knee jerk reaction to the hate received from releasing a project, but a decision that has been coming for a while now. Thank you to everyone that supported us over the past few years.” 

Following the news, the affected tokens under the Fantom blockchain have started plunging, with the Total Value Locked (TVL) of projects billed to be affected plunging considerably. At the time of writing, the FTM coin was down 3.25% to $1.36, atop a 19% plunge in the past week.

This is not the first time that rumours about Andre Cronje’s exit from the DeFi ecosystem have made the rounds, with many of these insinuations turning out to be wrong. While the developer allegedly was billed to quit the space last year, he has found some notable protocols in the past year, including the Solidly trading platform. As a result, only time will tell how legitimate this proposed exit will be.

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Cosmos (ATOM), Fantom (FTM) and 23 Other Altcoins Added to Crypto Giant Grayscale’s List of Assets Under Consideration

The world’s largest digital asset manager has provided a glimpse into which crypto investment products they’re considering offering next.

According to a new announcement, there are 25 crypto assets that Grayscale is considering for new investment products, including altcoins Cosmos (ATOM) and Fantom (FTM).

“‘Assets Under Consideration’ lists some digital assets that are not currently included in a Grayscale investment product, but that have come to our attention as part of our exploration of this sector, and that our team has identified as possible candidates for inclusion in a future investment product.”

Grayscale already has investment products for 24 digital assets, including investment products for top cryptos Bitcoin (BTC) and Ethereum (ETH). The 25 new cryptos under consideration by Grayscale include a diverse batch of big-name projects.

The biggest crypto assets by market cap on Grayscale’s list are smart contract platforms Cosmos and Fantom. Algorand (ALGO) is also under consideration by the crypto investment giant, alongside enterprise solution blockchain VeChain (VET) and play-to-earn blockchain game Axie Infinity (AXS).

Other notable altcoins newly added to Grayscale’s assets under consideration list include metaverse blockchain gaming token Gala (GALA) and virtual world The Sandbox (SAND). Other large-cap cryptos, such as Avalanche (AVAX), Polygon (MATIC) and Terra (LUNA), were already under consideration before the most recent update.

The other new assets under Grayscale’s consideration are Arweave (AR), Bancor (BNT), BitTorrent (BTT), Convex (CVX), Decred (DCR), Elrond (EGLD), Enjin (ENJ), Gelato (GEL), Helium (HNT), Holo (HOT), IOTA (IOTA), Oasis Network (ROSE), Secret (SCRT), Spell (SPELL), Stacks (STX), Universal Market Access (UMA), Yield Guild Games (YGG), and BORA (BORA).

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Fantom DeFi Users Aren’t Spooked by Rocky Market

Key Takeaways

  • Fantom’s DeFi ecosystem has soared to new all-time highs in total value locked, trailing only Ethereum and Terra.
  • The boom has been fueled in part by Andre Cronje and Daniele Sestagalli’s forthcoming Solidly project.
  • Several DAOs have formed in the lead-up to Cronje and Sestagalli’s project launch.

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Fantom, one of the leading Ethereum-compatible smart contract platforms, is experiencing rapid growth in its DeFi ecosystem despite shaky market conditions.

Fantom DeFi Ecosystem Soars

Fantom is on a tear.

The Layer 1 smart contract blockchain’s DeFi ecosystem is growing despite uncertainty following a selloff across the broader crypto market.

According to DeFi Llama, Fantom’s 129 DeFi platforms have attracted $12.35 billion in total value locked, placing the Layer 1 chain third in total value locked behind Ethereum and Terra.

Fantom is an outlier to other leading Layer 1 blockchains as its total value locked has jumped over 50% over the last week. The total value locked for other networks like Ethereum, Avalanche, Solana, and Harmony has plummeted in the same period. The DeFi dip can be attributed partly to market volatility; ETH and other assets have followed Big Tech stocks into the red over the last week amid fears over the

Fantom’s DeFi ecosystem has also been boosted by the upcoming launch of a new project from Andre Cronje and Daniele Sestagalli. Solidly, is it’s been dubbed, is set to launch imminently. The project will feature an automated market market that will prioritize compatibility with other protocols. It will also utilize a “ve(3,3)” tokenomics model, operating a vote escrow model popularized by Curve Finance, as well as a (3,3) staking mechanism that OlympusDAO pioneered in 2021.

The project will let users deposit a base token in exchange for a non-transferable token in order to receive transferable token rewards. Users who lock up tokens will receive an NFT.

Similar to other projects Cronje has been involved with, Solidly is taking a “fair launch” strategy. Two million tokens will be distributed as incentives per week, and the rewards will be distributed to the top 20 projects on Fantom by total value locked until voting weight can determine token distribution (there will initially

Two million new tokens will be distributed as incentives per week, and these rewards will be distributed to the top 20 DeFi projects by total value locked on Fantom until voting weight can determine token distribution (no voting will exist initially).

Solidly might be the most anticipated DeFi launch of 2022 so far. In the lead-up, several new projects have emerged on Fantom. veDAO, for example, formed with the specific goal of making it into the top 20 projects on Fantom in order to receive Solidly’s token rewards. DeFi users looking to acquire veDAO’s WEVE token had to engage in yield farming; the protocol now holds over $174 million in locked value.

Going against veDAO’s hyper-focused mission to acquire Solidly’s tokens, another DAO called 0xDAO has formed. 0xDAO bills itself as a “community-centered” project that hopes to bring “long-term value for the entire Fantom ecosystem.” Its fundamental goal is to build decentralized infrastructure that will create a liquidity “free market” on Fantom. 0xDAO already has a total value locked of nearly $4.3 billion after launching this month.

FTM has also fared well relative to the rest of the market over the last 24 hours. Despite suffering from the recent market decline, it’s up 20.5% today, far outpacing every other leading Layer 1 coin.

Disclosure: At the time of writing, the author of this feature owned BTC, ETH, and several other cryptocurrencies. Andre Cronje is an equity holder in Crypto Briefing. 

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Here’s What’s Ahead for Ethereum Rivals Cardano (ADA), Fantom (FTM) and Harmony (ONE), According to Analyst Michaël van de Poppe

Popular crypto strategist Michaël van de Poppe is mapping out what he thinks is in store for Ethereum competitors Cardano (ADA), Fantom (FTM) and Harmony (ONE).

The crypto analyst and trader tells his 564,600 Twitter followers that smart contract platform Cardano must reclaim a key level to ignite a 25% rally.

“This one made a fake breakout above $1.50. Dumped back towards the range. If it wants to retest the $1.50 area, then I’d be looking at a flip and reclaim of $1.20 first.”

Source: Van de Poppe/Twitter

At time of writing, Cardano is exchanging hands at $1.04.

Next up is Fantom, a highly scalable blockchain platform for decentralized finance (DeFi), decentralized applications (DApps) and enterprise applications. Trading against Bitcoin (BTC), Van de Poppe says the FTM/BTC pair managed to hold support at 0.00005 BTC ($1.81) and must now take out resistance at 0.000068 BTC ($2.48) to launch a breakout rally.

“Crucial area to hold to avoid a nuke was the 6800 sats zone. Didn’t hold, nuke towards support and a strong bounce from that region already. Support between 5100-5400 sats (0.00005 BTC – 0.000054 BTC), resistance at 6800 (0.000068 BTC) sats. If that breaks -> new impulse wave.”

Source: Van de Poppe/Twitter

At time of writing, the FTM/BTC pair is trading at 0.00006 BTC or $2.17.

The last coin on the trader’s radar is Harmony, a blockchain focused on powering a decentralized economy. According to Van de Poppe, Harmony may be positioning for a bounce against Bitcoin (ONE/BTC) after respecting support at 0.000005 BTC or $0.18.

“If you’d want to enter ONE, this is probably the region you’ve been looking for.”

Source: Van de Poppe/Twitter

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Bitcoin Rebounds 10% From Yesterday’s Bottom, Crypto Markets Gain $120B (Market Watch)

The past 24 hours were quite turbulent throughout the cryptocurrency field, but this time around, bulls managed to catch a break and recovered some of the previous losses. The total market capitalization increased by about $120 billion since yesterday’s bottom as many coins managed to bounce back.

Bitcoin Price Bounces 10%

Right off the bat, it’s worth looking into Bitcoin’s price, which went on a massive roller coaster throughout the past 24 hours.

Yesterday, the cryptocurrency plunged in a vicious downwards spiral and ended up hitting a price slightly below $33K (on Binance). This was followed by the entire market. However, bulls stepped in and defended the level with multiple consecutive hourly candles, which ultimately led the price to reach $37,550.

Source: Binance

At the time of this writing, Bitcoin’s price hovers around $36K, which is an estimated 10% increase since yesterday’s bottom. Whether or not this is some sort of a relief rally or the beginning of a recovery, we have yet to see.

Total Market Cap Gains $120 Billion

With the bounce in BTC came the overall market recovery as the total capitalization increased by about $120 billion throughout the past 24 hours.

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This came on the back of considerable gains coming from leading altcoins such as Solana, which is up 9% in the past 24 hours, much like Polkadot (DOT).

Source: Coin360

As seen in the above heatmap, the majority of the market is in the green today, trying to patch the wounds from the past few days. Some of the more notable gainers include Fantom, which is up over 16%, ATOM – up 18%, and so forth.

On the other hand, there are cryptocurrencies like DASH, as well as CVX, which failed to chart any considerable increases and are slightly down or breakeven compared to 24 hours ago.


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Fantom Network’s DeFi Ecosystem Is Now Crypto’s Third-Largest

With over $12.2 billion is total value locked (TVL) across its ecosystem, Fantom has overtaken the Binance Smart Chain (BSC) to become the third-largest crypto protocol in decentralized finance (DeFi), according to data from DefiLlama.

Fantom belongs to the new generation of proof-of-stake blockchains looking to compete with Ethereum by solving scalability problems like the cost of transactions, throughput, and time to finality.

For example, Fantom’s distinguishing feature is that a transaction needs just a single confirmation, meaning that as soon as a block is written to the chain, it is final and irreversible. Bitcoin needs six confirmations and Ethereum 12.

Of the total $194 billion across all of DeFi, the Fantom Network controls over 6.19%, compared to BSC’s 6.04%. It is also not too far behind the second-placed Terra, which covers 8.40% of the DeFi space.

Ethereum, the industry’s largest smart contract platform, continues to dominate market share, however, making up roughly 60% of all DeFi activity.

Source: DefiLlama.

Amid the overall market slump, which saw the price of Bitcoin tank below $35,000, Fantom’s native token FTM is down 15% over the last day and as much as 37% in the past seven days, per CoinGecko.

Still, one can’t deny the growing activity on the network.

The network’s TVL is up 53% over the past seven days, making Fantom the only distinguished major network to post positive numbers over the span.

Over the last day, Fantom’s TVL has increased by 16%, outperforming Ethereum, which is up 13% over the same period of time.

What’s behind Fantom’s rise

There’s a flurry of activity happening on the Fantom network at the moment, with several projects utilizing its blockchain all posting gains in terms of TVL.

These include the newly launched 0xDAO, a decentralized exchange (DEX) protocol created by Fantom builders, which is already boasting over $4 billion in TVL, and Multichain, a cross-chain router protocol that allows users to swap tokens between different blockchains using a bridge.

With about $9.5 billion in TVL, Multichain is currently the largest DeFi project on the Fantom blockchain.

Laying up an exciting foundation for future advancements, there’s also Solid Swap, the recently announced automated market maker (AMM) built on the Fantom network.

Built by Andre Cronje and Daniele Sestagalli, Solid Swap is expected to implement a novel tokenomics model called ve(3.3), potentially opening up new opportunities for the broader DeFi space.


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Bitcoin (BTC) $ 25,688.88 3.14%
Ethereum (ETH) $ 1,743.33 5.50%
Litecoin (LTC) $ 76.46 14.42%
Bitcoin Cash (BCH) $ 101.76 8.52%