Ethereum Rival Fantom (FTM) Beats Solana (SOL) and Avalanche (AVAX) To Become Fourth-Largest Crypto


The rise in Fantom’s total value locked comes as the leading 1,000 non-exchange Ethereum whales accumulate FTM. Whale-monitoring platform WhaleStats reveals that Fantom is among the top altcoins that have been purchased the most by deep-pocketed investors in the last 24 hours with a typical purchase amount of $1,620 worth of FTM tokens.

The whale-surveilling site also shows that Ethereum whales jointly hold more than $124.64 million worth of FTM coins.

DeFi Llama shows that Binance Smart Chain is currently 3rd on the list with $11.74 in total worth locked. Terra (LUNA) comes in at number two with $16.12 billion in overall worth locked. Ethereum (ETH) itself stays the leading blockchain with $116.23 billion in TVL.

Source: DeFi Llama.

The TVL of a blockchain or DeFi procedure represents the overall capital held within its wise contracts. TVL is calculated by increasing the quantity of security locked into the network by the current worth of the possessions.

New information from DeFi Llama, an analytics platform focused on decentralized finance (DeFi) and non-fungible tokens (NFTs), reveals that Fantom printed a brand-new all-time high in regards to total value locked (TVL).

Ethereum competitor Fantom (FTM) is setting brand-new basic records amidst the continual price decrease across the crypto markets.Ethereum

With a brand-new all-time high in TVL, Fantom has actually managed to surpass fellow Ethereum rivals Avalance (AVAX) and Solana (SOL) to end up being the fourth-largest blockchain in overall value locked.

Fantom is a highly scalable blockchain platform for DeFi, decentralized applications (DApps) and enterprise applications. According to DeFi Llama, Fantom struck a record high in TVL at $10.51 billion, an incredible ascent of over 362,300% from its TVL of $2.90 million in April 2021.