Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Fantom Gains Momentum as Sonic Chain Hits $100M Milestone

Fantom Gains Momentum as Sonic Chain Hits $100M Milestone

Cryptodnes2025/01/12 20:55
By:Cryptodnes

Fantom (FTM) has captured market attention as its rebranded protocol, Sonic Chain, achieves significant milestones.

The cryptocurrency recently climbed past the $0.70 resistance level, fueled by growing momentum within the Sonic ecosystem.

Sonic Chain reported reaching $100 million in Total Value Locked (TVL) within six weeks of its launch, a strong indicator of user adoption. This follows an earlier milestone of surpassing 1 million blocks within just three weeks. The protocol has also expanded its capabilities, including the launch of an Ethereum bridge in late 2024, aimed at improving cross-chain connectivity.

These developments have positively impacted FTM’s price, which is currently trading at $0.72 after a recent rebound.

READ MORE:
Biden Pushes Controversial Crypto Regulation in His Final Days as U.S. President

Broader market trends may also play a role in Fantom’s trajectory. Rising confidence in altcoins, highlighted by increased activity among Ethereum and Dogecoin holders, suggests a favorable environment for other projects like Fantom. Additionally, the incoming pro-DeFi U.S. administration could further boost altcoin adoption.

With its rebranding, rapid growth, and expanding ecosystem, Fantom is positioning itself to capitalize on these trends, signaling a potentially promising year ahead.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Crypto Flow Technology Secures HK$11.6M for On-Chain Analytics

Crypto Flow Technology raises HK$11.6M to develop an on-chain data analysis platform and DEX aggregator.Crypto Flow Technology Expands into On-Chain AnalyticsEnhancing Blockchain Data AnalysisDEX Aggregator for Efficient TradingA Strategic Move for DeFi Innovation

Coinomedia2025/03/02 19:55

Top Crypto Assets: Why Theta Missed the Mark and How Qubetics is Shaping the Future of Crypto

The world of cryptocurrency is buzzing louder than ever as 2025 continues to unfoldTheta: The Missed OpportunityQubetics: The Future of Interoperability in CryptoConclusion: Don’t Miss Out on Qubetics’ Presale

Coinomedia2025/03/02 19:55