https://ift.tt/3EvFgYc (FTM) All-set to Outperform its Rivals

• FTM has soared in value due to its rapid expansion.
• The platform can provide a definitive decision in one second.

Toward the end of 2021, Fantom, a scalable EVM-compliant blockchain, shows significant development. Ethereum (ETH) seems to have another “new-generation” competition besides Terra (LUNA). This week saw double-digit increases in total value locked on four of the most popular smart contract platforms (TVL). Top TVL performances include Terra (LUNA), Fantom (FTM), Solana (SOL), and Polygon (MATIC).

Fantom has overtaken Tron as the most valuable smart contract platform, with a total value locked of $5.6 billion. It may also beat MATIC, which is recognized for its cheap costs and rapid transaction processing if it attracts another $100 million from Dapp’s customers.

Sophisticated Consensus Process

Fantom Blockchain’s fundamental native asset, FTM, has soared in value due to its rapid expansion. Since December 21, 2021, it has increased by about 80% in value. Thanks to the protocol’s multiple distinguishing features, the platform has its unique attribute. This means that Fantom’s scalability, speed, and low-cost result from the DAG it employs.

Using a sophisticated consensus process, the platform can provide a definitive decision in one second. To put it in perspective, Solana’s time was 11 seconds, but Avalanche’s was just 3 seconds. The network now processes over 10,000 TPS and plans to reach 300,000 TPS. A rising spike multiple times is possible because of FTM’s lower market capital. Keeping it undervalued compared to its competitors.

The decreased market cap-to-TVL ratio further reduces its worth. The price of FTM might rise if the ratio of Solana, Avalanche, and Ethereum is similar to that of FTM. According to CoinMarketCap, the Fantom price today is $2.35 USD with a 24-hour trading volume of $1,315,393,076 USD. Fantom is up 8.70% in the last 24 hours.