Fantom's fundamentals remain strong despite recent setbacks, with three major developments set to drive the ecosystem forward.
Fantom gained massive popularity last year as its DeFi ecosystem exploded with hundreds of applications. The price of FTM skyrocketed during that period, with Fantom becoming one of the top 3 blockchains by total value locked. But then, in the last month, the project has seen a sizable drawback because of the withdrawal of Andre Cronje and some other baseless FUDs.
Watch video: https://www.youtube.com/watch?v=mV_xNiGuOX8
But what many don't realise is that the fundamentals of Fantom have not changed. In fact, they are only getting better. The departure of a single developer, however influential, does not undo the technical infrastructure that has been built. The network continues to process transactions, the DeFi protocols continue to function, and the community continues to grow. What matters now is what comes next.
In this video, let's talk about 3 development updates, the three major things confirmed to happen to Fantom, that are big, powerful and going to bring positive changes to the ecosystem and to the value of FTM.
The first one is the big network upgrade that the team promised to bring to tackle the network congestion and to improve speed and performance. It has started already and that's the main reason why you are seeing a green price action for FTM right now. This upgrade will smooth transactions and increase scalability, creating an ideal environment for greater market adoption, even faster transactions with more reasonable gas fees.
For a network that has already built a reputation for speed, improving performance further is a statement of intent. It signals that the team is not resting on past achievements. They are actively addressing the issues that come with growth, which is exactly what you want to see from a project at this stage.
The second development is bigger than any other update Fantom has ever had. It is the implementation of the Fantom Virtual Machine, FVM.
The Fantom Virtual Machine adds a new element of innovation surpassing the Ethereum Virtual Machine. This includes utilising automatic checking for smart contracts, increasing efficiency and security. The EVM has been the industry standard for years, but it comes with limitations that developers have long had to work around. The FVM aims to solve those problems at the foundational level.
The team is already working on it full time and plans to bring the first version by the end of the year. If delivered on schedule, this could fundamentally shift how developers approach building on Fantom, making it a more attractive option for projects that currently default to Ethereum or its layer-two solutions.
The last but not least of the upcoming developments is the inevitable listing of FTM on Coinbase.
So far the team has been focused on building a fantastic platform, transforming Fantom into one of the most used DeFi ecosystems in the space. The numbers speak for themselves. How much longer do you think it is going to take the US exchange to finally list it? It won't be long at all. Despite all the FUD and drawbacks caused by individuals, the demand and popularity of Fantom keeps increasing. Sooner or later, Coinbase will have to finally decide to list FTM.
A Coinbase listing would open the door to a massive wave of retail investors who currently have no easy way to access FTM. Historically, Coinbase listings have served as catalysts for price appreciation and broader market awareness. For a project already ranked among the top blockchains by usage, it is not a question of if, but when.
Fantom is rapidly moving in a positive direction with easy to begin infrastructure and user friendly DeFi applications. The road ahead looks promising, with each of these three developments addressing a different piece of the puzzle: performance, developer tools, and market access. It's in these moments you should remember the famous quote of Warren Buffett: "Be greedy when others are fearful, and fearful when others are greedy."
