In an exciting development for the crypto space, the price of Fantom (FTM) has garnered considerable attention as the recently rebranded Sonic Chain achieves a notable milestone.
What Milestone Did Sonic Chain Achieve?
Sonic Chain has announced that it has reached a Total Value Locked (TVL) of $100 million, a remarkable feat accomplished within just six weeks after its launch. This achievement highlights the protocol’s rapid growth and acceptance within the DeFi sector.
How Does Sonic Chain Affect Fantom’s Price?
While Sonic Chain operates with its native token S, the developments within its ecosystem are proving to have a more substantial impact on Fantom’s valuation. Currently, FTM is trading at $0.7206, reflecting a 2.82% increase over the last 24 hours. This rise follows a previous dip, showcasing signs of stabilizing in the market.
Future of Leading Tokens
Recent progress by both Fantom and Sonic Chain positions them favorably within the competitive crypto landscape. The anticipated altcoin season could benefit both Fantom and Sonic Chain.
As traders watch closely, expectations mount for further positive developments that could propel FTM’s value even higher, reinforcing their positions in the crypto space.
