Fantom News

Fantom Foundation has received approval to reduce the burn rate from 20% to 5%, so as to allocate the remaining as reward to high-performing dApps.

In a yearly review, Andre Cronje said that Fantom's growth has slowed in 2022 compared to previous years, but it's still '"very high."

Ethereum-based DeFi projects have a combined TVL of  $45.96 billion — 65.6% of all TVL in DeFi across crypto, according to data from DeFiLlama.

Andre Cronje said Fantom had over 450 million FTM tokens ($96.43 million), $100 million worth of stablecoins, $100 million in other crypto assets, and $50 million in non-crypto assets.

Stripe fires over 1,100 of its employees due to financial troubles, Andre Cronje's tweet spikes Fantom by 24% in a day, and much more in this edition of CryptoSlate Wrapped Daily.

Changes on Cronje's verified Twitter account and LinkedIn account has sparked rumors that he is back in the industry.

Deus' team might have contributed to the decline as the developers had halted a mechanism that allowed investors to exchange their DEI for other tokens.

Scream had hardcoded the value of these affected stablecoins, Fantom USD (fUSD) and DEI to $1, meaning their decline didn’t reflect on its platform.