Fantom (FTM) price is $1.22

Fantom (FTM) Live Price Data

The live Fantom (FTM) price is $1.22, with a 24 hours Blynex trading volume of 69.96 K. The price of FTM changed by +11.25% in the past 24 hours. With a circulating supply of 2.80B FTM and a maximum supply of 3.17B FTM coins. FTM currently ranks #52 in market cap. You have the option to purchase Fantom (FTM) on the Blynex exchange.

Market	Price	24h %	24h High	24h Low	24h Volume
FTM/USDT	$1.21548	+11.25%	1.26952	0.98506	78.86 K	Trade

Market

Price

24h %

24h High

24h Low

24h Volume

FTM/USDT

$1.21548

+11.25%

1.26952

0.98506

78.86 K

Trade

About Fantom (FTM)

Fantom (FTM) is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm. Buying FTM on Blynex Exchange is easy: create an account, verify your identity, deposit funds, and start trading. Check out our guide on How to Buy Fantom (FTM).

What is Fantom (FTM)?

Fantom is a directed acyclic graph (DAG) smart contract platform that delivers decentralized finance (DeFi) services to developers through its innovative consensus algorithm, Lachesis. Designed to overcome the limitations of traditional blockchains, Fantom offers high scalability, low transaction costs, and near-instant finality, making it a strong alternative to Ethereum. The platform, governed by the Fantom Foundation, launched its mainnet, OPERA, in December 2019, aiming to balance scalability, security, and decentralization in the blockchain ecosystem.

Lachesis Protocol: Fantom’s Core Innovation

The Lachesis protocol is Fantom’s asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake (PoS) consensus mechanism. Unlike traditional consensus models, Lachesis operates asynchronously and leaderlessly, enabling the network to process data independently and reject malicious behavior without compromising efficiency. Transactions are finalized in 1-2 seconds and cost only fractions of a cent. This leaderless design enhances security and decentralization while maintaining high speed, making Lachesis one of the most efficient consensus mechanisms in the blockchain space.

Opera: Fantom’s Application Development

Opera, Fantom’s EVM-compatible mainnet, is a permissionless and open-source platform designed for hosting decentralized applications (DApps). By supporting the Solidity programming language, Opera ensures seamless interoperability with Ethereum-based platforms while leveraging Fantom’s superior transaction processing capabilities. Developers can deploy DApps with minimal cost and enjoy the scalability and speed that Fantom provides. This layer underscores Fantom’s commitment to creating a robust and developer-friendly ecosystem.

The Utility of FTM Tokens

Fantom’s native token, FTM, is central to the network’s functionality. It powers payments, staking, governance, and transaction fees within the ecosystem. FTM holders can participate in on-chain governance, where each token equates to one vote, and users express their opinions on a scale from 0 to 4, allowing nuanced feedback. Additionally, staking FTM enables users to secure the network and earn rewards, further driving engagement and decentralization.

A Vision for Global Interoperability

Fantom’s overarching mission is to enable compatibility between all transaction systems worldwide. With its aBFT consensus mechanism, scalable architecture, and low-cost transactions, Fantom provides a robust platform for DeFi, payments, and DApp development. By removing block leaders and implementing a leaderless PoS model, Fantom enhances both security and decentralization, positioning itself as a leading solution for developers and users in the blockchain industry.