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updated $0Market cap$1.35B
Volume 24h$316.39
Circulating supply2.8B88% of max 3.18B
All-time high$3.53-91% from peak · 2021-10-26
Fantom (FTM) is a blockchain platform built for fast and cheap transactions, positioned as an alternative to older networks like Ethereum. Its native coin, FTM, is used to pay fees, secure the network through staking, and take part in governance. In simple terms, it's a high-speed lane for decentralized apps and digital payments.
Frequently asked questions
What is Fantom and how is it different from other blockchains?
Fantom is a smart contract platform focused on speed and low fees, using its own consensus approach instead of the classic proof-of-work model. Unlike many older chains, it processes transactions almost instantly and finality is quick, which makes it popular for DeFi apps. Its coin FTM powers fees, staking, and network decisions.
How does Fantom's consensus mechanism work?
Fantom runs on a proof-of-stake (PoS) consensus, where validators stake FTM coins to confirm transactions and secure the network. This design avoids energy-intensive mining and allows transactions to reach finality in about a second. Anyone holding FTM can delegate their coins to a validator and earn rewards.
How is FTM issuance structured?
FTM has a hard cap of 3,175,000,000 coins, meaning no more than that will ever exist. New coins enter circulation through staking rewards paid to validators and delegators. The fixed supply makes the emission predictable, unlike coins with unlimited issuance.
How can you store and use FTM?
FTM can be stored in wallets that support the Fantom network, including official Fantom wallets, popular browser wallets like MetaMask, and hardware wallets for long-term storage. The coin is used to pay transaction fees, interact with decentralized apps, and stake for rewards. Always double-check the network when transferring, since sending on the wrong chain can lose funds.