[[{“value”:”The Fantom blockchain saw mixed performance in the second quarter (Q2) of the year, with key financial metrics cooling amid the broader cryptocurrency market downturn and the Fantom Foundation’s announcement to rebrand as Sonic Labs, according to a new report from data intelligence firm Messari.
FTM Market Cap, Revenue, And Token Economics
After outperforming in Q1, Fantom’s circulating market cap decreased 41% quarter-over-quarter (QoQ) from $2.8 billion to $1.7 billion. However, the token’s market cap is still 94% higher year-over-year (YoY) compared to Q2 2023.
Revenue, which measures gas fees collected by the network, fell 42% QoQ from 1.8 million FTM to 1.0 million FTM. In USD terms, revenue decreased 38% QoQ from $1.2 million to $0.8 million.
This decline follows a spike in Q3 2023 due to activity around non-fungible token (NFT) inscriptions, but according to Messari, revenue is expected to rebound as on-chain activity picks up across the broader crypto spa
We współpracy z: https://www.newsbtc.com/news/fantom/fantom-q2-performance-financial-metrics-react-to-sonic-blockchain-anticipation/
