Fantom in review

Andre Cronje
3 min readDec 24, 2022


The signal-to-noise ratio in crypto is incredibly low. The noise frequency is incredibly high.

Simply put, it is easy to get caught up in the latest narrative, and it is easy to forget to look at data objectively.

Crypto time, just like everything else in crypto, (I believe) is distorted.

I was watching Patrick Boyle’s “A Crazy Year in Finance!” and was surprised at how many events (that in my mind happened years ago) happened this year.

It made me decide to go back, and look at the data, without the noise, without the chaos, how did Fantom perform?

Daily Transactions (source;

The amount of activity users perform on-chain

2020–2021 yearly growth: 12,998%
2021–2022 yearly growth: 131%


Average Block Size (source;

Block space is an economic driver, as it increases, users are paying more to include their activity.

2020–2021 yearly growth: 25%
2021–2022 yearly growth: 163%


Daily Gas Used (source;

Gas used is the economic cost, it shows how much users are willing to pay to include their activity.

2020–2021 yearly growth: 9425%
2021–2022 yearly growth: 86%


Daily Verified Contracts (source;

Verified contracts is the amount of developers verifying new contracts, its a bit of a jump to translate this to developer activity, however it is a proximity thereof.

2020–2021 yearly growth: 1400%
2021–2022 yearly growth: 70%


Total Value Locked (source;

Simply the amount of economic liquidity on the chain, this isn’t a metric of activity or amount of users, but rather shows the total economic value as a measurement.

2020–2021 yearly growth: 49,089%
2021–2022 yearly growth: 216%


Fantom Price Chart (source;

Price has two important metrics, the first is the economic value to attack the network, the second is how much users are willing to pay for economic activity.

2019–2020 yearly growth: 167%
2020–2021 yearly growth: 2025%
2021–2022 yearly growth: 18%


Daily active users (source;

Simply a measure of daily active users.

2019–2020 yearly growth: 3329%
2020–2021 yearly growth: 5589%
2021–2022 yearly growth: 41%


Monthly average active developers (source;

This is a measure of team growth, it is less a metric of chain adoption, and more a metric of chain support.

2018–2019 yearly growth: 100%
2019–2020 yearly growth: 300%
2020–2021 yearly growth: 50%
2021–2022 yearly growth: 41%



While growth metrics have decreased from the previous 2020–2021 term, growth metrics are still in the high double and triple digits, this is very high for any tech or growth industry.

If we look at some other data points;

Circulating supply 88%
2023 FTM inflation: 1.87%
Total staked 70.86%

We can see that Fantom has been able to achieve this growth with very low incentives and can continue to achieve this sustainable growth.