Fantom ($FTM ) is a Layer 1 blockchain platform designed to provide fast, secure, and scalable solutions for decentralized applications (dApps).
Over the past week, FTM has experienced a decline of approximately 25.20%, underperforming the global cryptocurrency market, which is down about 4.50% in the same period.
FTM's all-time high was $3.36, indicating that the current price is approximately 78.35% below this peak.
The circulating supply of FTM is around 2.8 billion tokens, with a maximum supply of 3.175 billion tokens.
Fantom utilizes a novel consensus mechanism known as Lachesis, which is an asynchronous Byzantine Fault Tolerant (aBFT) protocol. This design enables high throughput and fast finality, making it suitable for a wide range of dApps and digital assets.
As with all cryptocurrencies, FTM's market performance is subject to volatility. Investors should conduct thorough research and consider current market conditions when evaluating potential investments.
