Messari releases Fantom Q1 report: Market value increased by 101% month-on-month, DeFi TVL increased by 59% month-on-month

Golden Finance reported that Messari recently released the Fantom 2024 Q1 status report. The key points are as follows: ·Fantom has achieved month-on-month growth in multiple key indicators, including market value (+101%), average daily active addresses (+24%), USD-denominated DeFiTVL (+59%), stablecoin market value (+39%) and average daily DEX trading volume (+64%); ·FTM’s total staked volume increased by 17% month-on-month to 1.3 billion, and the proportion of eligible supply staked volume also increased by 16% month-on-month to 44.6%; ·In March of this year, Fantom’s DEX monthly trading volume exceeded US$1 billion for the first time in the past year. The average daily trading volume of DEX in March was US$37.9 million, nearly 7 times higher than in February (US$5.7 million) and 6 times higher than in January (US$6.6 million); ·On March 25, Michael, CEO of the Fantom Foundation Kong announced the initial release plan for Sonic (scheduled for Q3 2024), which includes specification bridge, simplified staking system, builder grants, reward program, specification stablecoin, etc. Five winners of the Sonic Labs incubator project were selected in Q1. Each project will receive 200,000 FTM and receive development support before the Sonic mainnet goes live.