↝ Fantom Universe in a Snapshot: Rebranding, Controversies, and Future Prospects

Fantom has prominently surfaced in various advancements, updates, and controversies. Notably, FTM, Fantom's token, rebranded to Sonic (S), causing a buzz in the crypto sphere. Major exchanges like Binance and Bitvavo are supporting the token swap. Sonic's Layer-1 is live, hailed for speed and scalability, crucial factors for DeFi dominance. Further, staking was disabled for Sonic's mainnet launch. The Sonic TVL showed an impressive 66% increase post-rebranding, signaling user adaptation success. Multichain's $200M exploit is demanding attention, with Fantom aiming to recover funds. Amid forecasters suggesting a potential 50% price gain post-rebranding, others speculate a further decline, heightened by a weak whale sentiment and a strengthened bearish momentum. Variants such as the Rolland Fantom-08 workstation and an electric sports boat from Frauscher x Porsche influenced named after fantom radiate positive associations around the brand. Andre Cronje vocalizes Fantom's potential longevity, citing DeFi as the savior, and also invites developers to join Sonic's upgrade. On the negative side, Fantom's $2m obligation to crypto bridge Multichain under an exploit circumstance stands as a challenge.

Fantom News Analytics from Wed, 20 Jun 2018 07:00:00 GMT to Sat, 29 Nov 2025 05:45:00 GMT - Rating 1 - Innovation 8 - Information 6 - Rumor -1