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As Nansen Shows Support For Fantom Network, Price Spikes By 30% In One Day

Fantom sees massive price spike after recording 30% increase in just 24 hours. More so, this is due to the influence of Nansen announcing support for the network.

Additionally, The price of FTM is the token behind the popular Fantom Network. Also, Nansen is a data-analytics provider.

Furthermore, Fantom is a smart contracts platform using the Proof of Stake consensus algorithm. Also, its based on Direct Acylic Graph technology. More so, it’s also used by other projects like Hedera Hashgraph and IOTA. Additionally, This support news was announced in a press release by the blockchain team.

Furthermore, the total value locked is currently more than $5 billion. DeFi Lama makes this report after the massive jump.

Conclusively, This partnership sorta will bring Fantom data on Nansen’s dashboards. Which of course, will make it more accessible.

More elaboration on the issue, Fantom’s CEO, Michael Kong, says..

“Nansen analytics will bring visibility to innovative projects on the network and amplify their successes…”

“We’re excited about the increased usage Nansen will bring to Fantom and…”
“…to the incredible wealth of information that the analytics platform will make available.”

Related Post – Kava Follows Same Moves With Fantom, Algorand Announces $185 million DeFi Fund

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