The FTM Network just announced today that they have grown from 3 million transactions 2 weeks ago on mainnet to 10 million transactions today... it's an insane amount of ETH network related activity moving over to the next gen Layer 1 protocol.
twitter.com/FantomFD.../1392884366636879873
FTM is about to bend matter again as the continuation pattern is playing out from the bull flag breakout and guess what it is continuing? The prior trend where it just grew 3400% in a matter of weeks.. we will witness yet again another 3400% in the coming weeks due to the real world network adoption of FTM which is near zero fees and instantaneous compared to ETH which is highly congested atm.
twitter.com/FantomFD.../1392884366636879873
FTM is about to bend matter again as the continuation pattern is playing out from the bull flag breakout and guess what it is continuing? The prior trend where it just grew 3400% in a matter of weeks.. we will witness yet again another 3400% in the coming weeks due to the real world network adoption of FTM which is near zero fees and instantaneous compared to ETH which is highly congested atm.
Thu, May 13, 2021, 4:15 PM·2 min read
Fantom, the Highly Scalable Blockchain Platform That Revolves Around Speed and Security – Has Continued To See Exponential Levels of Growth, Putting the Network in a Position To Cross the 10 Million Total Transactions Mark Today
The Passing of This Major Milestone Comes Just Two Weeks After Fantom Reached Their Initial Target of 3 Million User Transactions
SYDNEY, AUSTRALIA / ACCESSWIRE / May 13, 2021 / Last month, in the beginning weeks of April, Fantom was experiencing numbers that were ranging between about 10 to 15 thousand transactions per day. During this period, Fantom was still cementing itself as a network that provided unique advantages in order to stand out amidst the competitive blockchain network market.
Interactions and activity within the network began to pick up traction following a major network upgrade that successfully optimized the user experience by way of increased speed and efficiency. This advancement gave Fantom an upper hand over competitors such as Bitcoin and Ethereum specifically due to the newfound opportunities that were offered to developers. The ability to quickly scale and utilize the network as a foundation for app development along with the affordable transaction rates has pushed Fantom to explode within the DeFi sphere.
The core of Fantom is supported by its permissionless aBFT consensus protocol which maximizes decentralization and speed - transactions are able to be completed within one second regardless of the greater network conditions. These characteristics have allowed the blockchain to gain a reputation as one of the most innovative and reliable systems currently offered on the global market.
- ADVERTISEMENT -
These integral aspects of the technology have attracted attention from a myriad of users and market niches, propelling the levels of unprecedented growth. This attention is evident when looking at the surge in transactions which has jumped from 10-15 thousand a day to 500-600 thousand a day in a short span of time.
Interest and support from outside parties has been a significant contributor to this exceptional growth as well. Companies such as HyperChain Capital, a leader in the digital assets marketing industry, have committed a 15 million dollar investment to the network so as to continue Fantom's expansion in the coming years. Along with this, governmental organizations such as Pakistan's Punjab Prisons Department have partnered with the company to enhance auditing procedures and monitor real time changes that are occurring within the system. An increasing number of official organizations such as this - especially those across Asia - have formulated agreements with Fantom to power the base of their operations.