Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Fantom Gains Momentum as Sonic Chain Hits $100M Milestone

Fantom Gains Momentum as Sonic Chain Hits $100M Milestone

Cryptodnes2025/01/12 20:55
By:Cryptodnes

Fantom (FTM) has captured market attention as its rebranded protocol, Sonic Chain, achieves significant milestones.

The cryptocurrency recently climbed past the $0.70 resistance level, fueled by growing momentum within the Sonic ecosystem.

Sonic Chain reported reaching $100 million in Total Value Locked (TVL) within six weeks of its launch, a strong indicator of user adoption. This follows an earlier milestone of surpassing 1 million blocks within just three weeks. The protocol has also expanded its capabilities, including the launch of an Ethereum bridge in late 2024, aimed at improving cross-chain connectivity.

These developments have positively impacted FTM’s price, which is currently trading at $0.72 after a recent rebound.

READ MORE:
Biden Pushes Controversial Crypto Regulation in His Final Days as U.S. President

Broader market trends may also play a role in Fantom’s trajectory. Rising confidence in altcoins, highlighted by increased activity among Ethereum and Dogecoin holders, suggests a favorable environment for other projects like Fantom. Additionally, the incoming pro-DeFi U.S. administration could further boost altcoin adoption.

With its rebranding, rapid growth, and expanding ecosystem, Fantom is positioning itself to capitalize on these trends, signaling a potentially promising year ahead.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — BARD/USDT!

Bitget Announcement2025/09/19 07:28

BTC/ETH VIP Earn Ultimate Carnival is officially here!

Bitget Announcement2025/09/18 07:12

New spot margin trading pair — FLOCK/USDT!

Bitget Announcement2025/09/18 06:55

0GUSDT now launched for pre-market futures trading

Bitget Announcement2025/09/18 05:39