Fantom’s (CRYPTO: FTM) native token was the top gainer among cryptocurrencies last week, followed closely by Synthetix Network’s (CRYPTO: SNX) native token, which recorded a similar uptick in price.
Both tokens gained 24% over the last seven days, outperforming coins like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE).
| Fantom (FTM) | +24.5% | $3.46 On Oct 28, 2021 | -90.8% |
| Synthetix Network (SNX) | +24.1% | $28.53 On Feb 14, 2021 | -88.5% |
| Apecoin (APE) | +18% | $26.7 On Apr 28, 2022 | -76% |
| Curve DAO (CRV) | +17%% | $15.37 On Aug 14, 2020 | -91.6% |
| Ethereum Classic (ETC) | +14.5% | $167.09 On May 06, 2021 | -85.2% |
Deflation Updates on @FantomFDNThe blockchain also recorded an 87% uptick in daily transactions year-to-date — a significant percentage change compared to competing blockchains. The number of daily transactions on the Fantom blockchain stood at 1,012,742 as of July 18.Total amount of burned $FTM is 7,742,437 at the moment, which is equivalent to $2,384,831. In the purge phase in the crypto space, the #Fantom team still keeps creating huge efforts for the upcoming BIG BANGs of the ecosystem@FTMAlerts #FTM pic.twitter.com/N4ChzlvVGa
— Fantom Insider (@fantom_insider) July 21, 2022
Daily transactions change compared to 1/1/2022Synthetix Partners With Jump Crypto On July 21, Synthetix announced a partnership with trading firm Jump Crypto. Synthetix DAO said that Jump would be working closely with its ecosystem to support liquidity across the board.Fantom +83.2%
Near +25.3%
Ethereum +6.7%
Polygon -22.6%
BSC -29.1%
Avalanche C-chain -74.1%
Celo -78.7%
Undoubtedly, #Fantom is still growing well.$FTM pic.twitter.com/SlZYU8jzFV
— Fantom News (@fantomnews) July 19, 2022
Synthetix DAO and Jump Crypto are excited to announce a renewed partnership.The DeFi protocol’s sUSD bridge to Ethereum, which was enabled last week, facilitates sUSD transfers between the mainnet and Optimistic Ethereum.Jump Crypto’s experience in data-driven trading and liquidity provisioning will complement Synthetix’s mission to become the liquidity backbone for on-chain derivatives.
— Synthetix (@synthetix_io) July 21, 2022
Another point of interest for SNX stakers is Kwenta’s launch of Futures trading on Optimism L2. This feature brings additional fees to SNX token stakers.
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