I was busy over the weekend, but still wanted to write something about
$FTM -
@FantomFDN .
One of the OG blockchains that held expectations similar to
@solana is
@FantomFDN , which has yet to significantly perform although developers are still "cooking."
I believe
#Fantom is a compelling choice for investors looking to tap into the early phase just before a bullish trend begins
A brief history of
$FTM:
» Fantom initiated the
#DeFi Summer bull run cycle from 2020-2022
TVL increased >10x from $700M to $7B within 6 months
During the DeFi Summer, TVL was a key indicator
» Andre Cronje Effect - Pioneer of DeFi ideas: Solidly ve(3;3) → Today, the success of Velodrome (OP) and Aerodrome (Base) continues to resonate ve(3;3) model
Boosted weekly Volume up to ~$6B, with TVL continuing to grow additional 2x
Below are my bullish theses at the current moment:
→
@FantomFDN is developing a new Layer1 called Sonic Network
$FTM →
$S with a ratio of 1:1
New Airdrop
Part of the a narrative
After Sonic officially launches its mainnet, the development team is expected to introduce improvements such as:
[1] Implement Sonic Rollup
The project plans to deploy Sonic Rollup, a key component in the validator, to completely decentralize the bridge.
Sonic's consensus mechanism is Sequencing Layer, which provides fast, secure, and convenient usage, while significantly reducing fees and confirmation times.
[2] Support for Staking and Liquid Staking
The project plans to simplify Staking so that the APR no longer depends on the lock-up period but instead applies a fixed 14-day unlock period.
This will open up a $1B opportunity for LST Token, significantly increasing DeFi and TVL activity.
[3] Funding program
The project will continue to expand and accelerate Sonic Labs' funding program for projects in fields such], as GameFi, DeFi, SocialFi, AI,...
[4] Airdrop campaign
The project will launch a large Airdrop campaign for Opera network users.
[5] Introducing Supersets
When Sonic is active, Supersets will not be activated; they are scheduled for a soft-Fork upgrade at the end of 2024. Superset will increase the performance of FVM.
[6] Parallel FVM
Professor Bernhard Scholz and team will integrate parallel execution features into FVM to significantly increase Sonic's performance.
TPS recorded on testnet is >2000 and completion time under 1 second
Speed surpassing Solana, but of course needs validation on mainnet
[7] Scalability through ZK technology
Andre Conje will continue his research on off-chain execution and on-chain verification to scale the network through ZK technology.
[8] Stablecoins
For both Opera and Sonic, stablecoins are an essential ingredient for DeFi success. The project will launch Fantom's own stablecoin in the near future.
[9] Phantom Witnesses Reduction in Selling Pressure
Fantom’s supply on CEX has declined steadily since it climbed to a year-to-date peak of 674M on April 4. Since then, it has fallen by 5%.
This may be because investors are moving their holdings away from exchanges into private wallets for long-term holding.
This move is often considered a bullish signal because it leads to a drop in selling pressure.
The reason for this is simple: with fewer coins available for sale on exchanges, there is less downward pressure on the price, potentially driving up an asset’s value.
I believe
$FTM will be bullish in the long term.