The Fantom ecosystem is 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 Week 40.

TL;DR

  • FTM Price Analysis
  • Fantom On-chain data Highlights
  • Top Price Gainers on Fantom Last 7 Days.
  • A DeFi Hackathon with Fantom, Moralis & Google Cloud
  • Magic Craft is listed on Huobi Exchange
  • Fantom is supported by Omnisea
  • 8BIT Metaverse announced a partnership with DappRadar
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Ecosystem Update

Despite the market instability, 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.

FTM Price Analysis

Fantom Weekly Recap Week 40 (29/9 - 5/10)  - 1
(Source: TradingView)

The market tends to accumulate and move sideways for the past 7 days, after the big price drop from The Merge. Therefore, the price of FTM is also moving sideways at the moment, fluctuating between $0.21 and $0.24.

If FTM can break through the resistance at $0.23, the resistance at $0.24 will be the next target. However, with the current situation of the macro economy, we cannot expect a great breakout yet, from both the crypto market & FTM token.

Fantom On-chain Data Highlights

Fantom Weekly Recap Week 40 (29/9 - 5/10)  - 2

The market is in an accumulation state, and so is Fantom. The on-chain data of the Fantom network is going sideways at a relatively low level if we compared it to the previous quarters of 2022. However, the blockchain still has relatively high daily unique addresses & daily transactions, while maintaining a low transaction fee of $0,00002.

Top Price Gainers on Fantom Last 7 Days

Fantom Weekly Recap Week 40 (29/9 - 5/10)  - 3

Tokens on the Fantom ecosystem are also going sideways with the market trend. However, there were some tokens in the Fantom ecosystem that have significant growth, such as Starter or Growth DeFi. Some tokens still maintain their upward momentum, although not as strong as before, such as Magic Craft, Solidly or Retreeb

A DeFi Hackathon with Fantom, Moralis & Google Cloud

Fantom Weekly Recap Week 40 (29/9 - 5/10)  - 4
(Source: Fantom Foundation’s Official Twitter)

Google Cloud & Moralis – a leading Web3 API provider, have announced the ‘Defining DeFi’ Hackathon 2022. This is the perfect opportunity for you to build the DeFi project of your dreams. Prizes are given to the best overall project in the hackathon, with the prize pool being up to $155,000.

Fantom is honored to be one of three tracks that builders can choose to build their amazing DeFi dapp, besides Polygon & BNB Chain. 

The Moralis x Google hackathon runs from October 3 to November 11.

For more information, click here.

Magic Craft is listed on Huobi Exchange

Fantom Weekly Recap Week 40 (29/9 - 5/10)  - 5

Magic Craft is a PVP game, where players can join and go into battle to earn MCRT as a reward. 

Recently, the Magic Craft team has achieved many milestones, such as releasing the first gameplay trailer, introducing the first NFT heroes, listing Gate.io, etc. that make MCRT skyrocket & became one of the most traded tokens on Fantom. 

And now another milestone has been made – listing Huobi Exchange, a Tier 1 CEX on the market. The MCRT/USDT trading pair is now live on Huobi. 

Fantom is supported by Omnisea

Fantom Weekly Recap Week 40 (29/9 - 5/10)  - 6
(Source: Omnisea’s Official Twitter)

Omnisea provides users the ability to mint Omnichain NFTs from different chains without bridging or switching networks. Also with Omnisea Launchpad, you can launch your own Omnichain Collection via intuitive UI. 

Fantom is honored to be one of nine supported networks, offering one of the best services for NFT Creators – fast, cheap, and secure. Omnisea will be a notable addition to the emerging NFT ecosystem on Fantom.

8BIT Metaverse announced a partnership with DappRadar

Fantom Weekly Recap Week 40 (29/9 - 5/10)  - 7
(Source: DappRadar’s Official Twitter)

DappRadar – The World’s Dapp Store, has partnered with the 8BIT Metaverse to bring an immersive and interactive product experience to its community. In the 8BIT Metaverse, all those user-favorite DappRadar products and tools, such as Ranking, NFT Explorer, Portfolio Tracker, and more, continue to help users keep up with the latest dapp trends. But there is one interesting difference. The “8-bit DappRadar” has a fun, nostalgic visual style!

Additional Highlight Events

Fantom is building a cross-chain dApp with Etherspot

The Granary partnered with Revest Finance

Minimax has integrated with The Granary

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