Hey folks! With the deployment at Polygon (Matic) Network nearing and with the recent arrival of SushiSwap at xdai network, I think it makes sense to start talking about the next potential place for deploying our products, maninly HoneySwap & Agve. As I have already told some of you, during these few last weeks I have been researching quite a lot about this.
From all of them, Fantom Opera drew my attention, it is basically a Layer-1 decentralized network.
I recommend you to have a glance at the following links:
It is powered by Fantom (FTM) token, currently at 1.814.760.332 US$ (17,79 times STAKE’s one). There are 4 decentralized exchanges operating there, I will order them by usage and TVL:
This is the largest dex at Fantom, with $120,870,210.62 TVL and $23,027,827 market cap. They did a lot of airdrops to their community and their farming APYs were huge (it wa 1000% for days, around 200% on average tight now) that’s why the price of their token ($Spirit) and mcap dropped a lot during these last days.
$100.031.970 TVL and $25.968.078 market cap. They also did a lot airdrops and huge farming incentives during last these last few weeks as SpiritSwap so the price of their token ($BOO) also dropped a lot recently.
$61.281.957 TVL with almost 39 million $ volume just 8 days ago, but it has decreased and today it has been 3 million. I haven’t researched this dex yet.
They just deployed there so their TVL and volume there is very low yet (at least last time I checked)
I would like to empashize the fact that all of them just started operating there 3-4 weeks ago as the Fantom network has been getting daaps usage recently, so they achieved very high TVL very fast.
This network has been trending these last 2 weeks, I think it will be the next Polygon, as the teams behind these 2 networks are following similar paths regarding marketing. As far as I know a lot of devs are getting attracted to build at Fantom and there are a lot of projects being developed there at the moment. Just check the community-made forum for it: Opera — The Fantom Helper
They are spending huge quantities of money on marketing and I think they will probably become the next big network after BSC, just look at this: https://twitter.com/harryyeh/status/1389630138036359172?s=20, https://twitter.com/FantomFDN/status/1387043664367476741 or this https://twitter.com/harryyeh/status/1388210793309736966
I could elaborate more about why I think we should deploy there as soon as we can, but I think it will be better if you dyor. What do you think fellow bees?