Fantom is a blockchain with smart contract functionality designed for high throughput and scalability. Its open-source, decentralized platform supports dApps and digital assets which need higher levels of scalability, security and decentralization than Ethereum can offer.
FTM is the native token of the Fantom network, which can be used to interact with dApps. In addition, it also supports staking and governance functions within the Fantom ecosystem.
Fantom is not only a smart contract platform that can run decentralized applications but it also offers users a convenient way for users to send and receive payments. The high throughput and low transaction fees make transactions extremely efficient on the Fantom network.
Due to its unique features, Fantom is an attractive ecosystem for dApps, especially in the DeFi space. As of February 2023, Fantom is the eighth largest blockchain ecosystem by total value locked in DeFi protocols.