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On December 24, Andre Cronje, who returned to the Phantom Foundation in November as an architect, said, Posted 2022 Fantom (FTM) performance review. Cronje left the cryptocurrency and decentralized finance (DeFi) world in March, causing a stir at the time.
According to FTMScan data shared by Cronje, the annual growth rate of daily transactions on the Fantom network has reached 131% between 2021 and 2022. This is far behind the network’s annual growth rate of 12,998% from 2020 to 2021. According to Cronje, daily transactions show the amount of activity users do on the chain.
The average block size growth rate of the Fantom network reached 163% in 2022 compared to 25% in 2021. According to Cronje, the increase in block space equates to users paying more to include transactions.
Daily gas usage, which indicates whether users are willing to pay to add transactions to the network, increased by 86% last year. By comparison, the daily gas used by Fantom surged by 9425% from 2020 to 2021.
Contracts Confirmed Daily measures the number of new contracts confirmed in Fantom. “It’s a bit of a jump to translate this into a developer activity, but it’s close to it,” he writes Cronje. According to FTMScan data, Fantom’s daily confirmed contracts increased by 70% in 2022 compared to his 1400% in 2021.
Citing data from DefiLlama, Cronje noted that Fantom’s Total Value Locked (TVL) jumped 216% from 2021 to 2022. However, this growth pales in comparison to his 49,089% annual TVL growth from 2020 to 2021.
Fantom’s daily active users (DAU) jumped 41% from 5589% the year before from 2021 to 2022. Additionally, the monthly average of active developers on the network increased by 41% in 2022 compared to 50% in 2020-2021.
Finally, Cronje said FTM prices have increased by 18% from 2021 to 2022, compared to an annual growth rate of 2025% from 2020 to 2021. At the time of writing, FTM has him trading at $0.203, down 94.21% from his all-time high of $3.526. crypto slate data
Cronje said that despite growth slowing amid the crypto winter, Fantom’s growth metric remains in the “double digits to high triple digits,” which is very high for “any technology or growth industry.” concluded. he added:
Fantom has been able to achieve this growth with very low incentives and we know they can continue to achieve this sustainable growth.
