Messari releases Fantom Q1 report: Market value increased by 101% month-on-month

Messari recently released the Fantom 2024 Q1 status report, with the following highlights:

·Fantom has achieved QoQ growth in multiple key indicators, including market capitalization (+101%), daily active addresses (+24%), USD-denominated DeFi TVL (+59%), stablecoin market capitalization (+39%), and daily DEX trading volume (+64%);

·FTM's total staked amount has increased by 17% QoQ to reach 1.3 billion tokens, and the proportion of qualified supply staked has also increased by 16% QoQ to 44.6%;

·In March of this year, Fantom's monthly DEX trading volume exceeded $1 billion for the first time in the past year, with a daily average trading volume of $37.9 million in March, nearly 7 times higher than February ($5.7 million) and 6 times higher than January ($6.6 million);

·On March 25th, Michael Kong, CEO of the Fantom Foundation, announced the preliminary release plan for Sonic (planned to be released in Q3 2024), including standardized bridging, simplified staking system, builder grants, incentive programs, and standardized stablecoins;

·Five winners of the Sonic Labs incubator project were selected in Q1. Each project will receive 200,000 FTM tokens and development support before launching on the Sonic mainnet.