The bear market also heavily affects Fantom

By MakeItReal | MakeItReal | 5 Jul 2022


Hello HODLers!

Today I would like to update you on a layer 1 blockchain that was the protagonist of the last bull run, but that seems to be in great difficulty right now.
With the fall in prices, the frenzy of capital and yields also decrease, but among the layer 1 that are faring worse there is undoubtedly Fantom.
In May there were capital on the run and the situation has not changed. Fantom is in total decline. Liquidity is very low and in sharp decline.
In the image we see deposits and withdrawals of the main deck in the last 30 days:

fantom.jpegAccording to DeFi Llama, and therefore without considering liquid staking etc., the Total value lockded went from $ 8.2 billion to $ 734 million
https://defillama.com/chain/Fantom

According to Nansen, there were only 44.7k unique active addresses in the past 24 hours.

Data that how clearly the volumes on Fantom fell in this phase of the bear market.
What do you think of it? Are you aiming to accumulate Fantom waiting for the next bull market or are you investing in something else?

 

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MakeItReal
MakeItReal

🎓Master's degree in Strategic Management 👑Torum Ambassador 📳Admin of Torum Official Italian Group on Telegram 📳Admin of Hard Rock Crypto on Telegram


MakeItReal
MakeItReal

Welcome to my blog! 🚀 Crypto HODLer 🎓 Master's degree in Strategic Management 👑 Torum Ambassador

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