Thread by @GrandApeLodge

1/ #Fantom is a fast growing L1 with almost instant transaction time and super cheap transaction fees. With an actively growing developer base, NFT community, and DeFi presence, here’s everything you need to know about #ftm coming from #eth, #sol, or #avax. 🧵 👇

2/ @FantomFDN is Cosmos SDK & EVM compatible, open source, and easy to build on. It’s built on the ‘Lachesis’ consensus mechanism, allowing devs to easily connect & communicate with Fantom. If you want to learn about Lachesis’ other advantages -> bit.ly/3HA2uyF

3/ What separates Fantom from some of the top 10 chains? Transactions are near instant and cost pennies. Building on Fantom would require little additional knowledge coming from Ethereum, but opens you to a completely new demographic and new possibilities due to the low fees

4/ Solana currently has ~2.4M unique addresses with a Mcap of ~35B. Fantom currently has ~2M unique addresses with only a Mcap of ~5B. Solana has ~8.4B in TVL, and Fantom has ~8.9B. They both offer similar value to users in terms of usability yet one is valued at 7x the other. 🤔

5/ Fantom ranks #1 for the lowest Mcap/TVL amongst the DeFi chains at ~0.65. Its YTD TVL growth trumps the likes of #sol, #luna, #one, and #eth. You can see more defi stats at defillama.com/chains

6/ There are so many great DeFi plays to be made on Fantom. From earning 41% APR single staking $ftm on @PotluckProtocol to earning +300% APR providing liq. for reputable Ftm tokens on @TarotFinance, there are many yield farming opportunities for all types of degens.

7/ Dapps on Fantom like @Spookyswap and @Spirit_Swap have become community staples by offering fast and cheap exchanges between tokens and by providing an easy bridge to and from Fantom: Ethereum, BSC, Avalanche, Arbitrum and Polygon.

8/ Our favorite resources for Fantom are @Ftm_ecologist @milesDeutscher @FtmAlerts and @deficryptofarm. By providing insight on new DeFi strategies and dissecting the busy world of crypto and DeFi, they have become staples and trusted voices in the community

9/ The NFT scene on Fantom is still very young. One of the largest NFT marketplaces @paint_swap has only reported 60,000 total sales and $20,000,000 in volume, a fraction of the popular Solana and Ethereum marketplaces.

10/ However there has recently been a sense of new growth with over 5,000 sales in the last week, and over $1,500,000 in weekly volume. With this volume comes a huge feeling of community and excitement for NFTs being built on Fantom. @PotluckLabs @TEENSONACID

11/ It’d be unfair to cover Fantom NFTs and not mention the bluechip project @worldofumans. She’s created 3 beautiful projects across Fantom and Ethereum that encapsulate and lead the ftm art scene. For a great all-in-one NFT resource, check out @TinFoilRealist

12/ Fantom has shown us time and again that it has something to prove. As a trader, artist, developer, or hodler, Fantom is shaping up to be a safe place for you to settle down to collect some sweet yield, and an important place to capture some alpha. 😁 😉