Fantom (FTM) is a decentralized, open-source blockchain platform that utilizes a directed acyclic graph (DAG) smart contract platform to provide decentralized finance (DeFi) services. Its native token, FTM, powers the ecosystem and is used for payments, network fees, staking, and governance ¹.$FTM
*Key Features:*
- _Directed Acyclic Graph (DAG) Smart Contract Platform_: allows for fast and secure transactions
- _Decentralized Finance (DeFi) Services_: provides a platform for developers to build DeFi applications
- _Asynchronous Byzantine Fault Tolerant (aBFT) Consensus Mechanism_: ensures the network's security and scalability
- _Staking Rewards_: users can earn rewards by locking their FTM tokens to secure the network ¹ ²
*Token Information:*
- Circulating supply: 2,803,634,836 FTM
- Total supply: 3,175,000,000 FTM
- Market capitalization: $1,884,697,442 ¹
*Use Cases:*
- _Decentralized Applications (dApps)_: Fantom provides a platform