Fantom Gains Momentum as Sonic Chain Hits $100M Milestone

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.

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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.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.