Fantom broke off and became the third largest public channel.

According to data from Defi Llama as of January 24 at 5:00 p.m. on the 24th, the shadow channel's total lock volume reached approximately $12.2 billion, beating BSC to become the third-largest public channel. Currently, the top five markets for hard stocks are Ethereum ($115.6 billion), Terra ($16.61 billion), Phantom ($1.2 billion), BSC ($118.18 billion) and Avalanche ($82 billion).

Fantom's rapid growth has benefited from the rapid development of the DeFi 0xDAO protocol in the ecosystem. 0xDAO, after releasing its theme at 4 p.m. on January 22, has reached $3.91 billion on TVL, the second largest in the Phantom ecosystem.

Founded in January 2018 by Korean creator Byung-Ik Ahn, Phantom is a smart contract-based Directed Acyclic Graph (DAG). Significant expansion in Fantom development will be possible with Ethereum Virtual Machine EVM by the end of 2019. Modular configurations allow developers to streamline Ethereum-based dApps on Fantom's Opera mainnet.

Fantom is better known as Senior DeFi Architect Andre Cronje (AC for short). As the founder of yearn.finance, he endorsed Fantom with personal recognition, and the positive effects of Keep3r, Cream, Sushiswap, Yearn and others contributed to Fantom's. Ecological development, transport and investment.

Additionally, the Phantom Foundation announced on August 30, 2021 that it would invest 370 million FTM to support ecological improvement, and nearly $260 million of the proceeds would be used to fund ecological use with more than 200 TVL. . million bucks. Following the announcement of this plan, retailers Phantom and TVL launched the contest.

In addition to breaking new records for TVL to welcome the new year, other Phantom members also created one by one. On January 1, AC tweeted that a new test would be unveiled for Fantom this month. On January 18, FTX announced that it is supporting the Phantom mainnet and launching FTM mainnet deposits and withdrawals.