 surpasses Solana (SOL) and Avalanche (AVAX) to become fourth largest blockchain thanks to Total Locked Value 6″ data-lazy-src=”https://tintucbitcoin.com /wp-content/uploads/2022/01/Ethereum-Rival-Fantom-FTM-vuot-qua-Solana-SOL-va-Avalanche.jpg”/><noscript><img loading=)
The TVL of a blockchain or DeFi protocol represents the total capital held in its smart contracts. TVL is calculated by multiplying the amount of collateral locked in the network by the current value of the asset.
With a new all-time high in TVL, Fantom managed to overtake Ethereum rivals Avalanche (AVAX) and Solana (SOL) to become the fourth largest blockchain in terms of total locked value.
DeFi Llama shows that Binance Smart Chain is currently third on the list with a total locked value of $11.74. Terra (LUNA) is in second place with a total value of $16.12 billion. Ethereum (ETH) itself remains the top blockchain with $116.23 billion TVL.
Fantom’s total increase in value is locked until the top 1,000 non-exchange Ethereum whales accumulate FTM. Whale-monitoring platform WhaleStats shows Fantom as one of the most purchased altcoins by deep-pocketed investors in the last 24 hours with an average purchase of $1,620 worth of FTM tokens. .
The whale survey website also demonstrated that Ethereum whales collectively hold over $124.64 million worth of FTM.
Pavel Chagochkin / Vladimir Sazonov