Summary
TLDR: Fantom’s native token FTM has surged over 190% in four weeks, reaching $1.16 and becoming the best-performing non-meme cryptocurrency in the top 100 by market value. The token’s market cap is now $3.29 billion, making it the 44th largest digital asset. The upcoming Sonic upgrade, expected to improve transaction speeds, has sparked investor interest. The testnet has shown a maximum throughput of 2,000 TPS and a time to finality of 1.1 seconds, far surpassing the current Opera mainnet’s 3.2 TPS.
Key Points
1. Fantom’s native token, FTM, has gained over 190% in four weeks, making it the best-performing non-meme cryptocurrency among the top 100 digital assets by market value.
2. FTM’s price surged to $1.16, the highest since April 2022, and its market capitalization jumped to $3.29 billion, making it the 44th largest digital asset in the world.
3. Fantom’s impending Sonic upgrade, which is expected to boost transaction processing speeds, has attracted investor interest in the cryptocurrency. The Sonic mainnet will replace the existing Opera mainnet in the next few months, with the testnet demonstrating a maximum theoretical throughput of 2,000 transactions per second and a time to finality of 1.1 seconds, compared to Opera’s processing speed of just 3.2 TPS.