tell 103,700 followers that Fantom (FTM) is defying the industry-wide downtrend by adding $1.2 billion in total locked value (TVL).
“While crypto TVLs have stagnated, @FantomFDN’s ecosystem remains vibrant.
Fantom made $1.2 billion (+20%) in TVL in the past week. ”
The TVL of the DeFi protocol represents the total capital held in its smart contracts. TVL is calculated by multiplying the amount of collateral locked in the network by the current value of the asset.
The Fantom Foundation also took to Twitter to celebrate passing the $10 billion TVL milestone.
Fantom Just Passed $10 Billion in TVL!
Big thanks to the community and all the builders!
Fantom ❤️ you pic.twitter.com/0OTwOzk2Ab
– Fantom Foundation (@FantomFDN) January 12, 2022
Just over a year ago, Fantom said in a blog post that it envisions itself as an “Ethereum helper, a solution for transferring a portion of the Ethereum load to Fantom’s high-performance network.”
At the time, FTM was valued at $0.02 while Ethereum (ETH) was priced at $638.
Today Fantom is valued at $2.96, marking a 148x gain, while Ethereum at $3,315 has pulled a little more than 5x.
Delphi Digital ends its crypto analysis by Report on findings that suggest an optimistic outlook for Bitcoin (BTC) after two difficult months.
“On-chain data shows that during January’s price drop, long-term holders accumulated Bitcoin following months of Bitcoin price decline late last year.
Together with the correlation data shown yesterday, it illustrates a shift from short-term ‘weak hands’ to long-term ‘strong hands’.
An increase in the accumulation of long-term holders can be a positive indicator for Bitcoin price. ”
At the time of writing, Bitcoin is flat and trading at $43,709.
Shaiith / andregric