Categories: MarketsMenafn

Fantom Price Soars 46% in 14 Days

Fantom price has experienced significant growth, rising 12.2% in the last 24 hours alone.

Over the past two weeks, the coin has surged by 46.1%, according to CoinGecko. Starting at $0.298768 on Aug. 8, Fantom’s price climbed steadily, reaching $0.361331 by Aug. 11. At the time of writing, FTM has hit $0.459012.

Fantom price history for the last 14 days. Source: CoinGecko

What’s Driving Fantom Price Growth?

The Fantom network has been in the spotlight due to several significant developments in the past three months. On May 20, Fantom’s trading volume in Decentralized Finance (DeFi) skyrocketed by 109% within a week, driven by the announcement of the Sonic Network’s launch.

Sonic Network, a new blockchain from Fantom, is set to release its $S token, which is expected to be distributed to FTM holders. One of Sonic Network’s standout features is its functionality as a Layer 2 (L2) bridge for Ethereum.

On Jun. 22, Fantom introduced additional offerings for Sonic Network, including a grant system and a token-burning mechanism, further fueling interest in the network.

Recent Developments in the Fantom Ecosystem

According to Token Terminal, the number of active users on Fantom has surged by 40.1% over the past month, positioning it as the second-highest chain in terms of user growth. In contrast, Polymarket, ranked 8th, saw a 6.5% increase in active users.

Ranking chains by active users for the month. Source: Token Terminal

However, despite the rise in active users, Fantom’s Total Value Locked (TVL) in DeFi has not seen similar growth. Data from DeFiLlama shows that Fantom is currently ranked 40th in total TVL, with $98.82 million. Over the past week, Fantom’s TVL has dropped by 23.7%, and in the month, it has declined by 6.02%.

Ranking by TVL in DeFi. Source: DeFiLlama

Interestingly, within the Fantom ecosystem, Wrapped Bitcoin (WBTC) ranks second in trading volume, following the stablecoin USDC, according to CoinGecko. The native token FTM ranks 7th, trailing behind Aave (AAVE), which has also been showing growth over the past week.

Ranking of coins by trading volume in Fantom Ecosystem. Source: CoinGecko
Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

$1 Memecoin Hits 66.5% Diamond Hands Milestone – Second Only to SPX6900

London, United Kingdom, 31st July 2025, ZEX PR WIRE, The $1 memecoin has hit a…

1 hour ago

SunnyMining Empowers Users to Grow Stablecoin Holdings with Daily Earnings in USDC, USDT, and DA

Los Angeles, California, 30th July 2025, ZEX PR WIRE, As global investors increasingly seek both stable…

13 hours ago

As Ripple and the SEC enter a new phase, a large number of XRP holders flock to Find Mining in search of stable daily passive income

San Francisco Bay Area, California, 30th July 2025, ZEX PR WIRE, Sources have revealed that…

13 hours ago

A New Revolution in Crypto Income: Ripplecoin Mining Makes XRP Easily Convertible into Daily Cash

Bolton Gardens, London, 30th July 2025, ZEX PR WIRE, Are you still storing your cryptocurrency…

13 hours ago

Invro Mining Redefines Crypto Extraction with AI-Enhanced Cloud Platform for XRP and More

London, UK, 30th July 2025, ZEX PR WIRE, Invro Mining, the world’s leading provider of…

13 hours ago

Stable Profits in a Shaky Market: How JA Mining Makes Crypto Income Predictable

While digital asset markets remain uncertain, JA Mining delivers fixed, transparent daily returns through its…

13 hours ago