{"id":56470,"date":"2022-01-24T16:35:35","date_gmt":"2022-01-24T14:35:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=56470"},"modified":"2025-09-04T06:34:06","modified_gmt":"2025-09-04T03:34:06","slug":"fantom-defi-ecosystem-becomes-third-largest-by-tvl","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/fantom-defi-ecosystem-becomes-third-largest-by-tvl\/","title":{"rendered":"Fantom DeFi ecosystem becomes third-largest by TVL"},"content":{"rendered":"

The Fantom smart-contract platform surpassed Binance Smart Chain (BSC) in total value locked (TVL) and rose to third place in the ranking, with a TVL of around $12 billion, according to DeFiLlama<\/a>.<\/p>\n

Second place is Terra, which ousted BSC<\/a> in December 2021 and continues to hold the position. Ethereum leads by a wide margin.<\/p>\n

\\\"The
Data: DeFiLlama<\/a>.<\/figcaption><\/figure>\n

As of writing, Fantom has assets locked in 129 protocols supporting the network. Over the last seven days, TVL on the blockchain rose by more than 48%, and over the past month the growth reached 162%.<\/p>\n

Dominant in the ecosystem is the cross-chain protocol Multichain with a TVL of $7.03 billion, operating on 13 other blockchains. <\/p>\n

Following the leader are the projects 0xDAO and SpookySwap with TVLs of $3.94 billion and about $976 million, respectively. These DeFi protocols support only Fantom.<\/p>\n

\\\"The
Data: TradingView<\/a>.<\/figcaption><\/figure>\n

On January 17, 2021, the native token Fantom (FTM) rose to around $3.38, approaching the October peak of $3.46 (CoinGecko<\/a>). Over the last week the asset corrected along with the market and trades around $1.92.<\/p>\n

\\\"The
Data: TradingView<\/a>.<\/figcaption><\/figure>\n

The token’s market capitalization is about $4.85 billion. In the overall cryptocurrency ranking by FTM, it sits at 28th place. The main trading volume is on Binance and OKX (formerly OKEx<\/a>).<\/p>\n

Earlier in January, a vulnerability was found in the Multichain protocol that attackers managed to exploit<\/a>. According to PeckShield, the damage amounted to no less than 450 ETH.<\/p>\n

Subscribe to ForkLog news on VK<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Fantom smart-contract platform surpassed Binance Smart Chain (BSC) in total value locked (TVL) and rose to third place in the ranking, with a TVL of around $12 billion, according to DeFiLlama.<\/p>\n","protected":false},"author":1,"featured_media":56471,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,1462],"class_list":["post-56470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-fantom-blockchain"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=56470"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56470\/revisions"}],"predecessor-version":[{"id":56472,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56470\/revisions\/56472"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/56471"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=56470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=56470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=56470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}