FTM has gained 13% in the last week, and total value locked in Fantom briefly hit $200 million.
Investors look favorably upon the blockchain's continuing Sonic upgrade, as well as an increase in the TVL of many decentralized apps.
The Fantom blockchain's FTM is one of the best-performing non-meme tokens of the past week as the market looks favorably on the roll-out of its Sonic upgrade and increases in the total value locked on the protocol. FTM has gained 13% in the past seven days to about 81 cents, according to CoinDesk Indices data, while theIn the past few weeks, the Fantom Foundation has been pushing out its latest upgrade, codenamed Sonic. Currently, 25 out of the 60 nodes have completed the upgrade,Sonic is expected to boost transaction speeds to 2,000 transacations per second with a 1.1-second finality. That compares with just over 2.
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