what's Fantom?
Fantom is a highly scalable layer-1 blockchain platform built for DeFi, decentralized applications, and enterprise solutions. It employs a unique consensus mechanism based on a Directed Acyclic Graph (DAG) called Lachesis, enabling asynchronous Byzantine Fault Tolerance (aBFT) for rapid transaction finality under 1 second and high throughput exceeding 10,000 TPS. The platform supports EVM-compatible smart contracts, allowing seamless deployment of Ethereum-based dApps. Fantom has undergone upgrades, including a migration to Sonic, enhancing performance to over 20,000 TPS with sub-second finality and optimized EVM support, while maintaining low fees and security.
Fantom's Opera Testnet is scheduled for sunset on 2026-05-01.
Fantom Opera Testnet will be sunset on 2026-05-01.
Integrated with Otto AI agent coordination platform for cross-chain DeFi workflow automation across Ethereum, Arbitrum, Base, Optimism, Polygon, BSC, Avalanche, Cronos, Gnosis, and Celo.
Temporary CEO is leaving the project.
Comb Finance's FTM-USDC pool reached $1.09M TVL with 100.53% APY.
$S token down 90% from $1 to $0.12 with TVL following the decline; Binance announced delisting $FTM without specifying $S migration.
Fantom no longer ranks in the top 10 chains by DeFi TVL as of November 2nd, 2025, down from the #10 position three years ago on November 2nd, 2022.