In five short months, FTM, the native coin of the Fantom Network, has been in free fall. In summary, the token is down a massive 70% from March highs but is presently stable, following a stream of supportive fundamentals. A big part of the recent turnaround is due to a recovery in DeFi and capital flowing into the sector. According to DeFiLlama data, all DeFi protocols across multiple blockchains manage over $84 billion worth of assets. Though Ethereum leads, over $128 million of digital assets are tied to the interoperable Fantom Network reading from DeFiLlama. Sonic (Formerly Fantom) Appoints Andre Cronje As CTO As DeFi TVL stabilizes in the Fantom Network, though significantly lower than in 2021, attention has been paid to the change in leadership at Sonic (previously Fantom) Labs. Related Reading: Crypto Guru Arthur Hayes Bets On This Under-The-Radar Altcoin According to a press release, Andre Cronje, the founder of Yearn.Finance and an experienced DeFi developer is now the new Chief Technology Officer (CTO). The DeFi founder takes over from Quan Nguyen. Cronje will spearhead the ..
Support the originator by clicking the read the rest link below.
