Fantom Weekly Recap Week 32 (04/08 – 10/08)

Aug 2022

Fantom Ecosystem Weekly Recap Week 32 Featured Image

Fantom and the Fantom ecosystem are always growing and moving forward. To help you not miss any news & movements of the ecosystem in the last 7 days, here is your Fantom Weekly Recap.

Key Takeaways

Fantom Highlight On-chain Data
Fantom Price Analysis
Top Price Gainers on Fantom Last 7 Days
Fantom announced partnership with Blockdaemon
Hector Network announced partnership with Borussia Dortmund
Felix Exchange is now live on mobile
Spooky Swap $BOO has been added to Hector Institute
Fantom New Governance Proposal: Reduce Validator/Staking Rewards

Ecosystem Update

Despite the market turmoil, developers & community always strive to enrich the Fantom Ecosystem constantly. There are some major updates and news this week on the Fantom Ecosystem, which are listed below.

Fantom Highlight On-chain Data

Fantom Ecosystem Weekly Recap Week 32 (04/08 - 10/08) - 1

The bullish signal from the cryptocurrency market also leads to some on-chain data of Fantom following the trend. The Fantom Opera network maintains a relatively high active user & daily transaction, which proves our chain is still very active & the faith of Fantomians is still on despite any market sentiments!

Fantom Price Analysis

Fantom Ecosystem Weekly Recap Week 32 (04/08 - 10/08) - 2 — (source: Trading View)

After going sideways in the range of $0.36 to $0.39, FTM has had a breakout out of this accumulation zone as well as above the resistance at $0.39 and rallying to the highest point recording at $0.4172.

This breakout was affected by the announcement of the U.S CPI in July, which is at 8.5 – lower than the expectation. This is the positive news as the inflation may have peaked, and this news leads to the whole market being bullish.

Can we expect a short-term bull run for FTM after this breakout?

Top Price Gainers on Fantom Last 7 Days

Fantom Ecosystem Weekly Recap Week 32 (04/08 - 10/08) - 3

With the fact that last week was a bullish week for the market in general and FTM in particular, many tokens on the Fantom ecosystem have also increased in price. The Top 3 Price Gainers on Fantom of this week are Magic Craft, Solidly & Popsicle Finance.

Fantom announced partnership with Blockdaemon

Fantom Ecosystem Weekly Recap Week 32 (04/08 - 10/08) - 4

Blockdaemon provides total “node stack” support for the Fantom network, including both validators and full nodes. With Blockdaemon, Fantom network users can take advantage of Blockdaemon’s validator-as-a-service capability.

Blockdaemon will allow Fantom to expand its node-service offerings significantly. They provide a solution to builders and validators who want to avoid the time and cost expenses associated with node maintenance.

The Blockdaemon partnership underscores Fantom’s commitment to push decentralization across its rapidly growing network.

For more detail, read here.

Hector Network announced partnership with Borussia Dortmund

Fantom Ecosystem Weekly Recap Week 32 (04/08 - 10/08) - 5

Borussia Dortmund is one of the biggest & most traditional football club in the world.

This Champion Partner will provides Hector Network massive mainstream exposure through the team’s live televised matches, merchandises, enormous social media presence and over 270 million worldwide fans. A partnership of this magnitude opens many further business opportunities for Hector Network in the future.

Felix Exchange is now live on mobile

Fantom Ecosystem Weekly Recap Week 32 (04/08 - 10/08) - 6 — (source: Felix.com)

Felix Exchange – the one and only CEX on the Fantom Ecosystem, is now LIVE on Mobile. Users now can download Felix.com app on Android – Google Play & IOS – Apple Store. Now users can:

Having Advanced Tools, Deep Liquidity, & Advanced Security in the palm of your hand
Trade favorite DeFi tokens on the go

Link: Google Play | Apple Store

Spooky Swap $BOO has been added to Hector Institute

Fantom Ecosystem Weekly Recap Week 32 (04/08 - 10/08) - 7 — (Source: Hector Network)

Hector Institute is the lending & protocol belonging to the Web3 Ecosystem from Hector Network, powered by Ola Finance. Another great lending platform for Fantom users!

Users are now able to supply and borrow $BOO – the native token of Spooky Swap, the biggest DeFi protocol on Fantom. There are already over $500k in $BOO supplied on Hector Institue – an unbelievable number for a new lending protocol.

You can access Hector Institute here.

Fantom’s New Governance Proposal: Reduce Validator/Staking Rewards

Fantom Ecosystem Weekly Recap Week 32 (04/08 - 10/08) - 8

Fantom Foundation has just released a new governance proposal, in purpose to reduce the validator/staking rewards.

Fantom’s dApp community and users adopting the network have shown strong growth. This proposal seeks to adjust staking rewards to resemble the market-rate & increase emission run-rate.

Considering this current trend, the network is in a position of strength to provide a longer emission rate, enabling more time to take into consideration community feedback, internal analysis and macroeconomic conditions for the structuring of a post-emissions network.

For more information & voting, click HERE.