Fantom growth in high ‘triple digits’ despite crypto winter

1 year ago

On Dec. 24, Andre Cronje, who rejoined the Fantom Foundation arsenic an designer successful November, posted a show reappraisal of Fantom (FTM) successful 2022. Cronje had left the crypto and decentralized concern (DeFi) satellite successful March, sparking an uproar astatine the time.

As per the information from FTMScan shared by Cronje, the yearly maturation of regular transactions connected the Fantom web reached 131% betwixt 2021 and 2022. This is acold down the network’s yearly maturation of 12,998% successful 2020-2021. Daily transactions bespeak the magnitude of enactment users behaviour on-chain, Cronje noted.

The yearly maturation of mean artifact size connected the Fantom web reached 163% successful 2022, compared to 25% successful 2021. According to Cronje, the summation successful artifact abstraction equates to users paying much to see their transactions.

Daily state used, which indicates however overmuch users are consenting to wage to adhd their transactions connected the network, grew by 86% implicit the past year. Comparatively, regular state utilized connected Fantom surged by 9425% successful 2020-2021.

The regular verified contracts measurement the fig of caller contracts verified connected Fantom. While “its a spot of a leap to construe this to developer activity, however, it is simply a proximity thereof,” wrote Cronje. Daily verified contracts connected Fantom accrued by 70% successful 2022 compared to 1400% successful 2021, arsenic per FTMScan data.

Citing information from DefiLlama, Cronje noted that Fantom’s full worth locked (TVL) jumped by 216% successful 2021-2022. This growth, however, pales successful examination to the 49,089% yearly TVL maturation achieved successful 2020-2021.

Daily progressive users (DAU) connected Fantom surged 41% successful 2021-2022 compared to 5589% the erstwhile year. In addition, the monthly mean progressive developers connected the web accrued by 41% successful 2022 compared to 50% successful 2020-2021.

Lastly, Cronje said the terms of FTM grew by 18% successful 2021-2022 compared to the yearly maturation of 2025% successful 2020-2021. At the clip of writing, FTM was trading astatine $0.203, down 94.21% from its all-time precocious of $3.526, according to CryptoSlate data

Cronje concluded that contempt a slowdown successful maturation amid the crypto winter, Fantom’s maturation metrics stay successful the “high treble and triple digits,” which is precise precocious for “any tech oregon maturation industry.” He added:

“We tin spot that Fantom has been capable to execute this maturation with precise debased incentives and tin proceed to execute this sustainable growth.”

The station Fantom maturation successful precocious ‘triple digits’ contempt crypto winter appeared archetypal connected CryptoSlate.

View source