This week has been an eventful one for Fantom (FTM) as its price has been trending upwards. In the past 24 hours, it has shown an increase of 5.66%. In the last seven days, it has enjoyed a strong uptrend of 13%. Currently, it is changing hands at $0.519. This surge in price coincides with the protocol's increased activity and progress within the cryptocurrency industry. According to Wiggle Insights, it achieved higher revenue-generating milestones than some of its larger rivals, such as Optimism (OP), Internet Computer (ICP) and Arbitrum (ARB).

In addition to its financial success, Fantasy is also seeking to lower barriers for validators by introducing measures to make onboarding easier. This move is representative of its philosophy to involve a wider pool of stakeholders in its growth. Fantom was created to function as a Directed Acyclic Graph (DAG) instead of a blockchain, making it faster and more efficient that most of its equivalent. This has allowed it to gain 162% since the beginning of the year and keep on inspiring confidence in the market. As it continues to innovate and attract builders, Fantom is likely to solidify its place as one of the prominent cryptocurrencies.



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