Fantom General Update | May 23 2022
Get up-to-date with everything that happened in the Fantom ecosystem in the last two weeks 👇
Snapsync is live
The next major upgrade of the Fantom network has been rolled out!
Snapsync allows new nodes to join the network faster. On testnet, the syncing time could be reduced from 24 hours to 7 hours.
- Better network reliability
- Improved scalability
👉 For more details, check out our article
The road ahead for fUSD and sFTM
fUSD is Fantom’s native, over-collateralized stablecoin which in the past could be minted only against staked FTM (sFTM). The Foundation is proposing changes regarding new collateral assets, loan-to-value ratios, liquidations, and how to repay the outstanding debt. The goal is to make fUSD a thriving, Fantom-native stablecoin that allows Fantom stakers and token holders of Fantom projects (e.g. BOO, SPIRIT, BEETS, LQDR) to borrow stables in a capital efficient and safe manner.
The team is currently waiting for the audit results and is putting on the finishing touches before deployment.
Fantom: Key Differentiators
To put the coming improvements of Fantom in context, read this overview of what our strengths are that we are building on.
Unmarshal integrates Fantom
Blockchain data indexing protocol Unmarshal has integrated Fantom. Unmarshal provides you with
- Multichain data on token assets, transactions, and token holders
- Historical data on token price and holders
- PnL data by address
- Data visualization dashboards
- Real-time notifications
Gitcoin comes to Fantom
Fantom’s new incentive program will be driven by our community via quadratic funding. To make the process easier for everyone, Gitcoin will deploy on Fantom.
Timeline to be announced. Stay tuned!
How to analyze data with Blockpour
Blockpour brings data analytics tools to Fantom which help you become a better trader and investor. Learn the basics with our quick start guide.
XP Network brings NFT bridging to Fantom
You can bridge your NFTs from other Layer 1 blockchains to Fantom with XP Network.
Apex Node integrates Fantom
Node-as-a-Service provider Apex is building the first fully insured bridge from Avalanche to Fantom, slated for launch in July 2022.
How to get started playing Warp Game
Fantom GameFi project Warp Game released an intro tutorial on its mechanics. Warp Game brings DeFi, NFTs, and Blockchain-based multiplayer battle games in one epic sci-fi multiverse. Fight other NFT starships in a battle arena!
Fantom usage by the numbers
- Unique addresses active in the last 7 days: 129,000
- Total unique addresses: 3,000,000+
- Daily transactions: ~750,000
🔦 Our recent ecosystem spotlight features JulWallet, an easy-to-use crypto wallet with an integrated crypto debit card.
🔊 Chainlink Tech Talks: How Fantom is pushing the DeFi frontier.
🐦 Twitter Space summary with Atlas DEX and Fantom CEO Michael about the future of DeFi.
🐦🐦 Twitter Space with Fantom CMO Simone and Sturdy Finance about current events.🏊♂️ Orion Protocol releases a deep dive into Fantom. We also joined Orion’s Twitter Space to discuss the new Orion integration.