Fantom DeFi

Fantom creates a new blockchain each time somebody wants to deploy a new project. These newly created blockchains are layer 2 solutions , which means they depend on Fantom’s mainnet while maintaining their attributes.

Investors who believe in Fantom can continue to hold and feel good about the network’s long-term prospects, and the discounted price can even be viewed as a buying opportunity . Fantom still has over $7.5 billion in total value locked in the protocol, compared to a market cap of just $3.6 billion.

Fantom is a Layer-1 blockchain that uses a scratch-built consensus mechanism and independent consensus layer, Lachesis, to facilitate DeFi and related services based on smart contracts.