Last week, Fantom drew the attention of the crypto community. The protocol’s DeFi has exploded, with the total amount locked more than doubling in the last month. At the time of writing, FTM was trading at $1.69, up 31.77 percent in the last 24 hours and 99.59 percent in the last seven days. Since July 21, when it traded as low as $0.15, the cryptocurrency has been on a steep upward trend, reaching an all-time high of $1.74.
Fantom has been seeking to bring on new projects to its network, as evidenced by its growing interest in DeFi. FTM’s strong rally may be traced back to those efforts, particularly the decision to create a $370 million incentive programme.
Demand for the FTM token has surged since the debut of Rarity, as players need it to pay transaction fees.
Fantom has given birth to a new breed of crypto gaming. Rarity is a text-based role-playing game that is played on Fantom by interacting with smart contracts. Over 120,000 players have engaged with the smart contract and produced a summoner since the game went live on September 5. Simultaneously, the FTM token has maintained its rapid surge, gaining nearly 27% in the last 24 hours.
FTX launches its own NFT platform!
FTX, a large crypto asset exchange, is the most recent platform to launch an indigenous NFT hub. As investors remained positive about the ecosystem, the FTX token price soared to an all-time high of $82.36. This year, the price of FTT crypto has increased by almost 1,000%, making it one of the best performing coins.
The FTX cryptocurrency exchange has launched its own NFT platform. Users will be able to mint, purchase, and sell Non-Fungible Tokens on the marketplace. The business behind the token purchased LedgerX, a crypto derivatives company, last week.
Investors are cheering the company’s ventures into the non-fungible token (NFT) business, and the FTX token price is soaring. In its marketplace, the business revealed that cross-chain NFTs could be traded and mint.