DeFi

Fantom

Coin

<ul class="news-points">
 <li><strong>According to Dune Analytics data, the volume of most DEXs on Fantom nearly doubled in the past week.</strong></li>
 <li><strong>Fantom’s monthly active addresses during the DeFi summer of 2020 remained above 400,000.</strong></li>
 <li><strong>Increased activity in the Fantom ecosystem has seen FTM gain over 200% in less than one month.</strong></li>
</ul>
<p>A crypto data analyst at Hashed, Subin An on X, has spotted notable developments in the Fantom decentralized ecosystem. According to An, since the DeFi summer of 2020, decentralized exchange (DEX) volume on Fantom has significantly decreased. However, he observed that the monthly active addresses (MAU) during the same period remained above 400,000.</p>
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   <p lang="en" dir="ltr">Can <a href="https://twitter.com/FantomFDN?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@FantomFDN</a> lead the DeFi bull market again? Since the DeFi summer, DEX volume has significantly decreased, but MAU have maintained over 400K. it can be observed that the volume of most DEXs has nearly 2X in the past week. 2024<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;">?<a href="https://twitter.com/AndreCronjeTech?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@AndreCronjeTech</a> <a href="https://t.co/2apgO3Hpq9" target="_blank" rel="noopener noreferrer nofollow">https://t.co/2apgO3Hpq9</a> <a href="https://t.co/33auouQmdV" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/33auouQmdV</a></p>— Subin An | Hashed (@subinium) <a href="https://twitter.com/subinium/status/1770698782637797529?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 21, 2024</a>
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<p>The data analyst further noted that the volume of most DEXs on Fantom nearly doubled in the past week, signifying a potential rally for the ecosystem in the coming months. He also asked if …</p>
<p>The post <a href="https://coinedition.com/dex-volumes-surge-on-fantom-will-ftm-lead-the-bull-run-in-2024/" rel="noopener noreferrer nofollow">DEX Volumes Surge on Fantom, Will FTM Lead The Bull Run in 2024?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

DEX Volumes Surge on Fantom, Will FTM Lead The Bull Run in 2024?

Coin Edition

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