2Bitcoins

Price Chart

Chart by TradingView

24h Volume$2.75K
7d Avg Daily$5.85K
30d Avg Daily$4.03K
365d Total$17.82M
Volume
$4Kavg/day
avg $4KMay 8May 15May 22May 29Jun 5

What is Fantom?

Fantom is a high-throughput EVM-compatible layer-1 blockchain that introduced the Lachesis directed acyclic graph (DAG) consensus protocol, enabling asynchronous Byzantine fault-tolerant finality typically within 1-2 seconds. The Fantom Foundation rebranded the chain and its associated token as Sonic in late 2024, migrating to a new higher-performance architecture while maintaining a conversion path for legacy FTM holders. Sonic (formerly Fantom Opera) is developed with a focus on DeFi and on-chain applications requiring low latency and predictable gas costs.

Fantom's original Opera mainnet distinguished itself from earlier EVM chains by replacing a traditional blockchain structure with a DAG-based aBFT consensus layer. Rather than validators agreeing on a single ordered chain, Lachesis allows each node to create event blocks that are woven together into a directed acyclic graph, with finality determined by when a sufficient number of validators have witnessed an event. This design was particularly attractive for DeFi applications where settlement speed matters — UniSwap forks, lending protocols, and yield aggregators proliferated on Fantom during the 2021-2022 DeFi boom, briefly pushing its TVL into the multi-billion dollar range.

The Sonic rebrand and technical overhaul stemmed partly from honest acknowledgment of Opera's scaling limits and partly from the fallout of key ecosystem departures: prominent developer Andre Cronje (founder of Yearn Finance and Solidly) left and returned multiple times, and his 2022 departure triggered a significant TVL exodus that exposed how concentrated Fantom's ecosystem value was in a small number of projects. The migration to Sonic introduces a new execution engine claiming ten-fold throughput improvements over Opera, a revised fee monetization model that shares transaction revenue with dApp developers, and a gateway bridge for ERC-20 assets. FTM holders can convert at a 1:1 ratio to the new S token.

Sources

Reviewed by the 2Bitcoins Editorial Team · Updated . Not financial advice.

Fantom FAQ

What is the relationship between Fantom (FTM) and Sonic (S)?+

Sonic is the rebranded and technically upgraded successor to the Fantom Opera mainnet. The Fantom Foundation launched Sonic in late 2024 with a new execution engine and fee structure. FTM token holders can convert to the new S token at a 1:1 ratio through an official upgrade gateway. The FTM ticker on exchanges is gradually being replaced by S.

How does Lachesis consensus work differently from a standard blockchain?+

Standard blockchains form a single linear chain of blocks with one leader proposing each block. Lachesis uses a directed acyclic graph (DAG) where all validator nodes continuously create and gossip event blocks, and finality is determined when enough validators have referenced an event in their own event blocks. This allows parallel event creation and typically achieves sub-2-second finality without a leader bottleneck.

Why is Fantom EVM-compatible if it uses a DAG consensus?+

Fantom separates consensus (Lachesis DAG layer) from execution (EVM layer). Transactions are finalized by Lachesis, but the execution environment is a full Ethereum Virtual Machine, meaning Solidity smart contracts deploy without modification and tools like MetaMask, Hardhat, and Ethers.js work natively. The DAG is purely a consensus mechanism, not visible to the execution layer.

Fantom key numbers

Price (USD)$0.035713
Market cap$0.00
24h low / high$0.035177 → $0.037220
24h change▼ 1.01%
7d change▼ 12.41%
Circulating supply0 FTM

Where to buy Fantom

View all exchanges →

Buy FTM on these trusted exchanges. Ranked by our rating — based on fees, security, features, and user experience.

#1
Binance
BinancePoR
4.7
$600 bonus
World's largest exchange by volume
Lowest fees with BNB discount
400+ trading pairs
Maker 0.1%|Taker 0.1%|400+ coins
#2
Bybit
BybitPoR
4.3
Up to $30,000 bonus
Market-leading derivatives and perpetual contracts
Competitive 0.1% spot and futures fees
Best-in-class copy trading platform
Maker 0.1%|Taker 0.1%|270+ coins
#3
OKX
OKXPoR
4.4
Free Mystery Gift
Competitive fees with maker at 0.08%
One of the deepest order books in the industry
Native Web3 wallet built into the app
Maker 0.08%|Taker 0.1%|340+ coins
#4
Coinbase
Coinbase
4.4
Get 40£
NASDAQ-listed, publicly regulated company
Best-in-class regulatory compliance
Simple and intuitive user interface
Maker 0.6%|Taker 1.2%|240+ coins
#5
Kraken
KrakenPoR
4.5
$10 + bonus
One of the oldest and most trusted exchanges
No breach with loss of customer funds in 15 years
Strong regulatory compliance across multiple jurisdictions
Maker 0.25%|Taker 0.4%|220+ coins
#6
KuCoin
KuCoinPoR
4.1
Up to $11,000 bonus
Massive selection of 850+ cryptocurrencies
Supports many small-cap and new tokens early
Built-in trading bot and DCA tools
Maker 0.1%|Taker 0.1%|850+ coins
#7
MEXC
MEXCPoR
3.9
$10,000 bonus
0% maker fee — among lowest in industry
1,500+ listed cryptocurrencies
Very early listings of new tokens
Maker Free|Taker 0.05%|1500+ coins
#8
Bitget
BitgetPoR
4.1
$6,200 bonus
Industry-leading copy trading with 100,000+ signal providers
Competitive spot and derivatives fees
Strong $200M protection fund for user assets
Maker 0.1%|Taker 0.1%|550+ coins
#9
BingX
BingXPoR
3.7
$6,000 bonus
One of the strongest copy trading platforms in the industry
Competitive 0.1% spot fees and low futures rates
700+ cryptocurrencies with frequent new listings
Maker 0.1%|Taker 0.1%|700+ coins

Affiliate links — we may earn a commission at no extra cost to you.

Fantom Markets

#ExchangePairPriceVolume (24h)Trust
1Bitstamp by Robinhood logoBitstamp by RobinhoodFTM/EUR$0.035735$2.68K—
2Gemini logoGeminiFTM/USD$0.039400$26.89—

Explore more on 2Bitcoins

All crypto pricesBest exchangesCompare exchangesReferral bonusesBitcoin priceEthereum priceSolana price