Fantom
Fantom is a high-performance, scalable blockchain platform designed for DeFi, crypto dApps, and enterprise applications.
Overview
Fantom is a Layer 1 blockchain platform optimized for decentralized finance (DeFi), non-fungible tokens (NFTs), gaming, and enterprise-grade decentralized applications (dApps). It offers a highly scalable and fast smart contract environment called Opera, which supports around 2,000 transactions per second with approximately one-second finality. Fantom’s asynchronous Byzantine Fault Tolerant (aBFT) consensus mechanism enables this high throughput and low latency without relying on additional layer 2 solutions. The platform’s native token, FTM, is used for staking, governance, and transaction fees.
Developers benefit from Fantom’s low transaction costs (typically under $0.01) and instant finality, which together provide a user experience comparable to Web2 applications but with blockchain-level security and decentralization. Fantom supports a rich ecosystem of over 250 active dApps spanning DeFi protocols, NFT marketplaces, and gaming projects. The platform also offers developer tools, comprehensive documentation, and grant programs to encourage ecosystem growth. Bridges such as LayerZero, Wormhole, and Squid Router facilitate asset transfers to and from Fantom, enhancing interoperability.
Fantom recently migrated its Opera chain to a new chain called Sonic, which continues to support the existing FTM token holders with a 1:1 token exchange. This upgrade aims to further improve scalability and performance. Developers can get started by bridging assets to Fantom, deploying smart contracts on Opera, and leveraging Fantom’s gas monetization program that allows dApps to earn 15% of the gas fees they generate. The platform also supports running validator nodes to secure the network and participate in staking rewards. Comprehensive onboarding resources and active community channels are available to assist new users.
The Problem
Many blockchain platforms struggle to deliver high throughput and fast transaction finality while maintaining decentralization and low costs. This limits the user experience and scalability of DeFi, NFT, and gaming dApps. Additionally, interoperability and sustainable developer incentives remain challenges.
The Solution
Key Features
Opera Smart Contract Platform
A scalable EVM-compatible chain optimized for fast and cheap transactions.
Staking and Validator Support
Users can stake FTM tokens to secure the network and earn rewards.
Comprehensive Developer Tools
Includes SDKs, APIs, documentation, and tutorials to facilitate dApp development.
Cross-Chain Bridges
Multiple bridges enable asset transfers between Fantom and other blockchains.
Key Strengths
How Developers Use Fantom
Building High-Performance DeFi Protocols
DeFi developers leverage Fantom’s fast finality and low fees to create scalable lending, borrowing, and yield farming platforms.
Launching NFT Marketplaces
NFT platform developers use Fantom to mint, trade, and manage digital assets with minimal transaction costs.
Developing Blockchain Games
Gaming developers build immersive, fast, and cost-efficient blockchain games that require instant transaction confirmation.
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Pricing
Free | |
|---|---|
| Price (Monthly) | Free |
| Price (Annual) | Free |
| Messaging | N/A |
| Support | Community support via Discord and GitHub |
| Analytics |
Resources
Fantom provides extensive resources including detailed documentation, developer tutorials, API references, and community channels to support onboarding and development on the platform.