Key Takeaways

  • A Week on Fantom Review
  • Fantom On-chain Data Highlights.
  • Minimum fees of Fantom Bridging on Multichain reduced to $0.19
  • Gitcoin Protocol Grants Round 1 is now open for voting
  • Dune Analytics has integrated with Fantom 
  • Fantom announces the partnership with Blockpit 
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Ecosystem Updates

The bullish signal of Fantom has cooled down last 7 days. However, this does not stop the Fantom ecosystem from growing. Many major partnerships were made, and many projects on Fantom had significant growth. The news of the CPI was better than expected (7,1% instead of 7,3%) two days ago also brought the positivity back to Fantom

A Week on Fantom Review

Fantom Weekly Recap Week 50 - 1

The excitement has cooled down on the Fantom Ecosystem last 7 days, as we have seen some decreases in Fantom Price, TVL & Social Metrics. However, there are still many projects on Fantom that have been against the trend & have some significant increases. The Top TVL Gainers of the week is Equalizer. The No.1 Price Gainer last 7 days is Morpheus Swap, and the Most Influential Project is still Floki Inu.

Fantom On-chain Data Highlights

Fantom Weekly Recap Week 50 - 2

The Fantom Opera Chain still shows positive signals regardless of any market signal. Although there are slight decreases in Price, Market Cap & TVL, a rally in Daily Transactions & Unique Addresses still have been maintained. 

A new milestone in Unique Addresses has also been achieved, at 26M Total Unique Addresses. Fantom has also still maintained a cheap gas fee of $0.00005 and a stable FTM burning rate. Currently, nearly 8,4M FTM has been burned.

Minimum fees of Fantom Bridging on Multichain reduced to $0.19

Fantom Weekly Recap Week 50 - 3
(Source: Multichain Official Twitter)

Multichain is the leading name in the cross-chain bridge category. Secured by MPC, Multichain envisions being the ultimate router for Web3, supporting 70+ different blockchains. 

This news is a part of the Cross-chain Fee Reduction campaign from Multichain, which reduces the minimum fee for bridging USDT, USDC & ETH from $0.9 to $0.19 in 10+ different chains, including Fantom

Gitcoin Grants Protocol Round 1 is now open for voting

Fantom Weekly Recap Week 50 - 4
(Source: Fantom Foundation)

The voting for Gitcoin Grants Protocol Round 1 is now open. Now users can donate to their favorite Fantom projects, among 85+ approved projects. Users’ donations will decide where grants will flow into. Users can donate multiple projects at a time, by their FTM or WFTM. 

In case you do not know, The Gitcoin Grants Protocol will allow teams building on Fantom to present their work to the broader community and crowdsource financial support. The grants will be allocated to projects through quadratic funding.

To donate to your favorite Fantom projects, click here.

Dune Analytics has integrated with Fantom

Fantom Weekly Recap Week 50 - 5

Dune Analytics is a community-driven platform that makes accessing crypto analytics & data free & seamless.

This integration helps Fantom users from now on can search for themselves interesting on-chain data, analytics & statistics related to Fantom, or even create a dashboard by themselves & sharing to the Fantom community.

Check out the first Fantom Overview dashboard on Dune here.

Fantom announces the partnership with Blockpit 

Fantom Weekly Recap Week 50 - 6
(Source: Fantom Foundation)

Blockpit provides users with a simple solution for reporting crypto taxes at the highest level of legal compliance.

This partnership will enable Fantom users to effortlessly sync all of their Fantom transactions by simply entering their wallet addresses. Blockpit’s crypto tax application supports liquidity mining, staking, NFTs, and other on-chain activities.

Check out Blockpit here

Additional Highlight Events

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