What is Fantom ($FTM) crypto?


What is Fantom ($FTM) crypto?

Fantom ($FTM) is a blockchain with smart contracts capabilities. Fantom competes with other blockchains like Ether ($ETH) and Solana ($SOL). It is part of the cryptos regarded as layer 1 blockchains.

Fantom token can be used for staking, governance, network fees, and payments.

Advantages

Fantom can handle thousands of transactions per second, and transactions are settled within one to two seconds. It is also very cheap to transact on Fantom.

Price and Market Cap

As of 10 January 2022 the price of FTM is $2.41 and it has a market cap of $6,138,083,470. There are 2.5 billion FTM in circulation.

Exchanges

Fantom is found on popular exchanges that include Binance, Kucoin, FTX and Gemini.