Fantom (FTM) is a cryptocurrency that powers the Fantom blockchain platform, which is designed to provide decentralized finance (DeFi) services to developers ¹. It's a Layer 1 blockchain that uses a unique consensus mechanism called Lachesis, which enables fast and scalable transactions ². In fact, Fantom can process around 2,000 transactions per second, with transaction finality in under one second ³.$FTM

*Key Features of Fantom:*

- _Fast Transactions_: Fantom's Lachesis consensus mechanism allows for rapid transaction processing ²

- _Scalability_: Fantom can handle a high volume of transactions per second ³

- _Low Fees_: Transaction fees on Fantom are significantly lower than other blockchain platforms ¹

- _Decentralized Governance_: Fantom has a governance system that allows users to vote on proposals using FTM tokens ²

*FTM Token:*

The FTM token is the native cryptocurrency of the Fantom platform and is used for various purposes, including:

- _Payments_: FTM can be used to make fast and secure payments ¹

- _Staking_: Users can stake their FTM tokens to secure the network and earn rewards ²

- _Governance_: FTM tokens are used to vote on proposals for the platform's development ²

*Current Market Status:*

As of today, the market capitalization of Fantom is around $1.9 billion, with a circulating