10 times + a month, a hidden cross-chain player fantom who is more fragrant than the bsc chain


Hi everyone, I'm @ michael-k3 . Ether congestion and high gas costs in the past month have provided ample opportunity to appear in the ecological chain beyond ether, especially defi mining on the replication chains of major multiple platforms, bsc Binance, and api. Heco and ok coins were described as "infertility" in online rumors. There seems to be some rumors and expectations from the okexchain cross-chain mining project recently. Affected by this, okb drew a wave yesterday. Some of the main platforms Coins also became friends' talk after dinner.

However, it is in this currency circle where anything is possible, it is often the hottest and most eye-catching trends, or trends that everyone can see. It's not necessarily the best performing one. Today I'm going to talk about a project that Can be considered a magic coin is also a hot spot, but seems a bit low on the phantom.

IMG_20210224_121604.jpg

Coin World-Ten times a month +, hidden cross-chain player phantom that is more fragrant than the bsc chain "/>

The image above is the recent market performance of the phantom family FTM tokens, which have increased 12-fold in the last 30 days, and if you want to talk about the last year, have increased nearly 200-fold from last year's 312 low to now.

You shouldn't be too surprised by this. FTM was born in the last bull market, which is considered an old coin. From the end of last year to the current situation, most of the old coins with an extraordinary trend are also a kind of trash without a lower limit FTM If you calculate the crowdfunding fee, the number is a little more than ten times now, you can think of what you've experienced before.

Fantom was first considered a Korean project. It takes the public linking path. The banner is for building a smart contract platform based on DAG. I found that the consensus algorithm seems to have gotten somewhat out of the bull market this year. Haha, the structure of the DAG is still a little different from the blockchain, but the goal is to achieve fast, low-cost transactions.

This project has been transformed almost since the last year and added many defi elements. The background that I would like to mention here is also a highlight of this project, namely Andre Cronje, founder of YFI, and the great god that everyone in the ether circle has been counted on, Is the technical consultant:

IMG_20210224_121709.jpg

Coin World-Ten times a month +, hidden cross-chain player phantom that is more fragrant than the bsc chain "/>

It's not just behind the scenes, but AC's recent tweet has also posted some technological advances in the defi layer 2 network across the Fantom chain, which may also factor into currency prices.

I feel that the current phantom business scope is a bit complicated. There are several main aspects, one of which is the voting of the original public chain POS mortgage for income, according to the official annualization of this section around 13%:

Coin World-Ten times a month +, a hidden cross-chain player phantom that is more fragrant than the bsc chain

The circulating ftm is 2.5 billion, and currently about 54% is mortgaged in the network.

The others are synthetic assets. There was a wallet app launched last year, which is similar in function to SNX. This earns fUSD by staking an amount of FTM:

Coin World-Ten times a month +, a hidden cross-chain player phantom that is more fragrant than the bsc chain

You can use fUSD to buy and sell on the platform. At the same time, it also has fLend, which seems to integrate the mortgage lending function, but data from synthetic assets generally:

Coin World-Ten times a month +, a hidden cross-chain player phantom that is more fragrant than the bsc chain

The total number of FTMs mortgaged was 87 million, and the holding address was only 1,600. The total synthesis target ether length is only 160 eth. I don't think so much:

Coin World-Ten times a month +, a hidden cross-chain player phantom that is more fragrant than the bsc chain

There is another direction, namely the layer 2 cross-chain network. This has been mentioned repeatedly by AC recently. One of the subcoat features of the phantom is that it can be EVM compatible (there is more than one compatible chain, as atoms can also be compatible). It's similar to playing with the bsc chain, as long as you adjust the settings in the little fox wallet, you can play with various applications such as in the ether chain:

Coin World-Ten times a month +, a hidden cross-chain player phantom that is more fragrant than the bsc chain

The chain is called an opera. According to several test interfaces that AC has recently provided, it is possible to realize a simple and convenient transfer of assets from ether to the opera chain in the future:

Coin World-Ten times a month +, a hidden cross-chain player phantom that is more fragrant than the bsc chain

Opera is equivalent to a two-layer network, where various defi applications can be used faster and cheaper. According to the previous AC description, users can use applications such as sushi in the future, but they will not know what kind of bottom layer it uses. Or a Layer 2 network.

Therefore, one of the potential phantom is that it will also be one of the solutions for various defi platforms on ether as a second layer network before ether performance problems are resolved If platforms such as sushi, crv and other platforms choose to use them as the bottom layer of the Agreement and additions a new layer of liquidity pool will benefit ftm fundamentals, with the help of air conditioning. There is still a certain possibility in this. It is also a major key factor in the expected growth in market value.

At the same time, judging from the current market situation, modes that only need to change the settings of the little fox and other UI interfaces consistent with Ethereum are still more widely accepted than other separate high-performance public chains. This is also something that looks like it could be noticed.

Lately, the bsc chain is very popular, but there have also been a lot of complaints about the controls. The market may need a product that is relatively less centralized and can account for performance. In addition, many of the big players in ether will not easily move their butt. It is still a good direction to choose to be rooted in the ether ecosystem and cooperate with the application rather than become a competitor.

In addition, I read a little on social media at home and abroad, the attention is not very high, the more experienced among the people will find out, but for most new leeks, there is no one hundred times currency concept, which is probably a good thing.

However, in terms of problems, the effect of AC is not as good as last year, and the market value has increased sharply, but there has been no actual implementation. Whether it can be a layer2 mainstream solution or not is unknown. It is necessary. to pay attention to the risk of its hype.

Conclusion

Today, I will briefly talk about phantom. On the one hand, the phantom has increased too much lately. On the other hand, it can also be included in second layer networking solutions. Layer2 is also an area that more ether circles will explore this year.

In a bullish market, we can only briefly talk about various targets, because the market value is breaking out, and valuations are no longer possible. From the perspective of this project, one thing I want to say is that when the home market is good, many people are looking for wealth codes, but there is no standard answer. Many of the targets discussed during this period have in common. They had been fluctuating and suffering a long time before, when other currencies shot up.

Another reason is that many projects are constantly changing. For example, phantom used to be a DAG concept, and is now a cross-chain definition, and there are several different growth logics, so you may not be able to see each target with a constant eye. And sometimes, the fundamentals may have changed for a long time, and the price will appear. Sometimes I think, for a small village, the team is fine, more resilient, maybe there will be a surprise at any time, not only phantom, like domestic Tpt / hoo / key recently also broke.


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