Fantom Surges as Investors Seach for Next Layer 1 Bet


Wednesday’s move in FTM follows gains for tokens of other layer 1 blockchains. A basket of three leading Ethereum competitors, Solana, Terra and Avalanche – dubbed the SoLunAvax trade – has gained 400% since May. Some high-profile funds, such as Singapore-based Three Arrows Capital, have even cut back from investing in the Ethereum ecosystem to fuel bigger bets on products building on Avalanche instead.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like