• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • bitcoinBitcoin(BTC)$27,509.00-1.34%
    BITCOIN
    24H : -1.34%
    Volume : $16,387,580,090.00
    Marketcap : $532,041,390,919.00
  • ethereumEthereum(ETH)$1,737.67-1.55%
    ETHEREUM
    24H : -1.55%
    Volume : $8,464,262,725.00
    Marketcap : $209,309,783,945.00
  • binancecoinBNB(BNB)$323.78-0.02%
    BNB
    24H : -0.02%
    Volume : $650,480,010.00
    Marketcap : $51,122,634,731.00
  • rippleXRP(XRP)$0.4576.43%
    XRP
    24H : 6.43%
    Volume : $2,230,274,047.00
    Marketcap : $23,296,770,946.00
  • cardanoCardano(ADA)$0.354-2.67%
    CARDANO
    24H : -2.67%
    Volume : $280,436,783.00
    Marketcap : $12,407,333,901.00
  • dogecoinDogecoin(DOGE)$0.074-2.90%
    DOGECOIN
    24H : -2.90%
    Volume : $455,098,713.00
    Marketcap : $10,238,188,645.00
  • matic-networkPolygon(MATIC)$1.08-1.82%
    POLYGON
    24H : -1.82%
    Volume : $414,753,355.00
    Marketcap : $9,790,387,107.00
  • solanaSolana(SOL)$20.43-1.70%
    SOLANA
    24H : -1.70%
    Volume : $396,151,003.00
    Marketcap : $7,841,803,673.00
  • polkadotPolkadot(DOT)$5.93-2.45%
    POLKADOT
    24H : -2.45%
    Volume : $148,229,135.00
    Marketcap : $7,207,184,324.00
  • okbOKB(OKB)$41.52-2.89%
    OKB
    24H : -2.89%
    Volume : $30,521,778.00
    Marketcap : $2,497,028,604.00
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

Fantom has started to recover after a brief fall following major developers departure


March 11, 2022 · By MATheGooner
Fantom (FTM)

Fantom Opera’s (FTM) price plummeted by 32% to $1.14 per coin after key people affiliated with the project announced their departure, however it has since recovered.

After news broke that star developer Andre Cronje was leaving the decentralized finance (DeFi) industry, the Fantom ecosystem, not only FTM, saw a dramatic reduction in total value locked (TVL). 

According to data from DefiLlama, the Fantom DeFi ecosystem’s TVL has dropped from $11.26 billion to $8.28 billion, a decrease of nearly 26% since the tweet announcement less than a week ago.

This drop corresponds with Anton Nell, a Fantom Foundation developer, tweeting on Sunday that he and Cronje were both leaving the crypto industry, without elaborating. 

Andre and I have decided that we are closing the chapter of contibuting to the defi/crypto space.
There are around ~25 apps and services that we are terminating on 03 April 2022.
1/3

— Anton Nell (@AntonNellCrypto) March 6, 2022

The tweet below includes charts of some of the most important DeFi protocols created by these talismans when their exit was revealed. 

Andre Cronje rugging one last time#YFI#KP3R pic.twitter.com/Sm41lv3XJU

— Devchart 👨🏻‍💻 (@devchart) March 6, 2022

Cronje’s departure will not affect the project’s course, according to the Fantom Foundation on Twitter.

We're extremely grateful to Andre for all he did for crypto as a whole.

However, Fantom isn't and never was a one man team.

There are 40+ people working at Fantom.

— Fantom Foundation (@FantomFDN) March 6, 2022

Fantom (FTM) prices are starting to bounce after the gloomy mood that dominated the network ecosystem and caused a nosedive. The token is currently trading hands around $1.26 l, up by nearly 10% from its lows recorded about 12 hours ago.

Primary Sidebar

LATEST NEWS

Terraform Labs co-founder Do Kwon wanted by Interpol arrested in Montenegro

March 23, 2023

SEC sues Tron’s Justin Sun and celebrities for illegally promoting crypto securities

March 22, 2023

Texas house introduces bill supporting Bitcoin economy in the state

March 21, 2023

Belgium cryptocurrency ads must highlight risks under new regulations

March 20, 2023

Crypto Entrepreneur Justin Sun proposes to acquire Credit Suisse for $1.5 billion

March 19, 2023

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • Arbitrum Airdrop Frenzy: Super Hunters Consolidate Millions in Tokens March 24, 2023
  • Terraform Labs co-founder Do Kwon wanted by Interpol arrested in Montenegro March 23, 2023
  • SEC sues Tron’s Justin Sun and celebrities for illegally promoting crypto securities March 22, 2023

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) Decentraland (MANA) Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) FTX Token (FTT) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) Terra Classic (LUNC) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) USD Coin (USDC) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2023 · Today in Crypto · Terms & Privacy · Log in