Fantom Network Daily Transactions Increase By 2000% In A Month

The Fantom Network daily transactions increased by 2000% in about 30 days while the blockchain platform is making waves in the market and records one of the best growth in the industry as we can see in our crypto news.

Fantom is ensuring scalability, security, and speed which is why it is getting so popular in the blockchain industry. Also, because of that, the Fantom network daily transactions increased by 2000% in a month. On Fantom, the transactions are completed in 1 second and cost a fraction of a cent and it is also EVM compatible with the developers having the ability to deploy smart contracts similarly to Ethereum.

Network upgrade started.

We started performing the last part of the Go Opera upgrade. It will take around 2 hours.

Wallets, explorers and metamask will not be accessible until the upgrade is completed.

— Fantom Foundation (@FantomFDN) April 29, 2021

In the past 30 days, Fantom saw a huge uptick in demand for the platform, and all of this brought plenty of attention to the platform with the transactions increasing to 200,000 in a day, marking an increase from the previous 8000 in the past month. The founder of HyperChain Capital Stelian Balta said that the platform’s growth hasn’t just come to luck and there are many features that are attractive to those wanting to try out something new:

“Having a good platform is one thing and having actual transactions is a whole other thing. Fantom is an Ethereum helper platform. One issue with Ethereum is that transactions are slow and fees are so high. Ethereum is trying to bring a layer 2 solution to fix this issue, but it will take at least another year. This is one big reason why people are loving Fantom; because it already works like Ethereum and has great speed and extremely cheap transaction fees. So any project that’s built on Ethereum can easily deploy on Fantom blockchain too and do better already without having to wait for Ethereum 2.0.”

Network upgrade complete!

FTMscan and wallet delegations are syncing up and will finish in about one hour.

Metamask and https://t.co/fwfx2Dja38 are fully functional.

To learn more about the upgrade, check out this article:https://t.co/css4IkldLd

— Fantom Foundation (@FantomFDN) April 29, 2021

The project saw major attention from global leaders in the past few weeks including Formula 1 driver Pierre Gasly who announced a new partnership with Fantom this week. Gasly said that he is very happy to be a part of the Fantom Foundation along with the Quantum FinTech Group:

“Fantom is the world’s first smart contract platform ready for mass adoption, allowing instant transactions and nearly zero cost.”

Fantom is attractive to users due to its ease of use and affordability but the platform is also secure and environmentally friendly. The network is secured by Proof of Stake which prevents centralization and saves electricity. What’s more to it, it doesn’t only provide users the ability to exchange digital currencies but gives the users the ability to build applications and securely send payments, store sensitive information and track the supply chain.