Fantom’s FTM token is up 12.72% within the final 24 hours and is buying and selling at $0.285 on the time of this writing, per CoinMarketCap knowledge. The FTM token can also be recording spectacular features within the final seven days, up 33% on the week.
Since Dec. 30, after the value shaped a double backside close to the $0.195 stage, FTM has steadily ticked larger. Fantom has since marked 11 inexperienced days out of 13, with the value reaching its highest in over a month. An intraday excessive of $0.293 was reached on Dec. 13 earlier than the FTM worth barely eased.
In a Jan. 13 tweet, Andre Cronje, Fantom cofounder and creator of Yearn.finance and Keep3rV1, makes a compelling case for builders to construct on Fantom. He wrote, “Why construct on Fantom?” and posted a screenshot highlighting the quite a few benefits this may convey.
Why construct on Fantom? https://t.co/mkJX06irOr pic.twitter.com/q9WWUVHJrr
— Andre Cronje (@AndreCronjeTech) January 13, 2023
He highlights Fantom’s legacy, saying “Fantom was the oldest EVM chain after ETH, Fantom has been working for 4 years with 99.9% uptime.”
The Fantom cofounder discusses some upcoming developments that can profit builders.
Cronje expects fuel subsidies that enable customers to onboard without having FTM to launch between Q2 and Q3 of 2023. Like base-layer account abstraction, which permits wallets to be owned by regular Web2, this may launch between Q3 and This fall of 2023. Cronje additionally talked about fuel monetization, which might introduce a brand new income supply to Fantom builders by monetizing the amount of transactions generated by their dApps.
Fantom’s governance proposal to convey fuel monetization to profitable dApps simply handed at the beginning of 2023, as reported by U.At present.
Cronje’s publish is a sequel to that made in late December, the place he highlighted the targets and priorities for the Fantom ecosystem in 2023. Within the December publish, he additionally disclosed that he was formally nominated and thus accepted a place as a member of the Board of Administrators for each Fantom Basis Ltd and Fantom Operations Ltd.