Fantom was created as an alternative to Ethereum in order to overcome the original network's limitations and create a new generation of blockchain, solving the famous blockchain trilemma: scalability, security and decentralization.
Despite the depressing state of the cryptocurrency market and the industry in general, Fantom has been growing rapidly throughout the year. The network has gained more than 2,000% in the number of unique addresses since January 2022.Despite the network's fundamental growth, FTM as a financial asset has been struggling on the, losing up to 93% of its value since reaching the all-time high back in January.
However, there is nothing outstanding in this performance: the asset behaves in a manner similar to the rest of the market and may start recovering as soon as a wave of fresh funds returns to the industry. At press time, FTM is trading at $0.2 with a mild 0.09% price increase in the last 24 hours.