Was Fantom [FTM]’s performance all smoke and no fire? This report suggests…

ambcrypto.com:

Fantom [FTM], an EVM-compatible smart contract blockchain platform, had created multiple headlines going into 2022. In fact, of all the L1s, Fantom has had the most dramatic activity in Q1 2022. Around 4,677 verified contracts deployed representing an increase of 42x from February 2021.

But as Q2 reports came into the picture, did they reveal a similar fate?

Fantom’s most significant change to the ecosystem was the launch of fUSD, the network’s first native stablecoin. The Fantom Foundation also released an update on 20 May that included information on the highest collateral factor and minting cap for each type of supporting collateral.

Furthemore, the update also boasted of a thriving ecosystem of dApps, such as Automated Market Maker SpookySwap, and Balancer fork Beethoven X.

We've just published our @FantomFDN Q2 ecosystem report