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Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional proof-of-stake (PoS) algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Fantom (Migrated to Sonic) launched its token sale on Jun 15, 2018, completed it on Jun 16, 2018, raised 39,400,000 USD.
As of May 13, 2026, Fantom (Migrated to Sonic) trades at $0.70.
Fantom (Migrated to Sonic) has a market capitalization of $1,953,150,176.68.
Fantom (Migrated to Sonic) has a 24-hour trading volume of $46,613,875.44.
FANTOM Pty Ltd is the registered organization associated with Fantom (Migrated to Sonic).
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