Fantom

<ul><li>Despite declining daily active addresses, Fantom launched a 750k FTM Vault Round.</li><li>FTM token shows resilience with a 2% uptick and strong demand in the future.</li><li>The blockchain&#39;s falling fees and revenue signal an urgent need for new initiatives.</li></ul>Over the past few weeks, the Fantom blockchain has faced challenges with dwindling network fundamentals, particularly a decline in daily active addresses. After reaching a peak, the trend began to wane starting last month. Moreover, the blockchain&#39;s Total Value Locked (TVL) has also been experiencing a downward trajectory, adding more concerns about the ecosystem&#39;s overall health.In an effort to counter the declining metrics and reinvigorate its network, the blockchain recently rolled out its first-ever Vault Round, allocating 750,000 FTM to fund the most promising projects on its platform.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/83070643f0304961b906bf51d70083cc.png" />Currently, Fantom&#39;s price is at $<a href="https://coinmarketcap.com/currencies/fantom/" rel="noopener noreferrer nofollow">0.201111</a>, up by 0.66% from the previous day. The bulls have taken control of the market and pushed up Fantom&#39;s price. The total market capitalization has pushed to $563,843,051, and its 24-hour trading volume is at $26,095,933.Interestingly, while the number of active addresses has declined, daily transaction activity on the Fantom network has yet to follow suit. This incongruence hints at underlying potential, where the Vault Round could provide the stimulus required for a renaissance. Moreover, some financial metrics, such as the MVRV Ratio, indicate that Fantom is looking up. Last week alone, the MVRV Ratio showed slight improvement, signaling that the platform’s native token, FTM, still holds latent value. Read full article at <a href="https://cryptotale.org/fantoms-new-vault-round-initiative-counters-decline-in-network-activity/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Fantom's New Vault Round Initiative Counters Decline in Network Activity

CryptoTale

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