About Wrapped Fantom
Wrapped Fantom (WFTM) is a cryptocurrency and operates on the Fantom platform. Wrapped Fantom has a current supply of 2,192,372,101.14675162. The last known price of Wrapped Fantom is 0.49242108 USD and is up 3.02 over the last 24 hours. It is currently trading on 1724 active market(s) with $239,156.31 traded over the last 24 hours. More information can be found at
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Sign me upMarket Stats
Market Cap
$1,168,298,868.29
FDV
Not enough data
Circulating Supply
2,191,419,295.823 WFTM
Max Supply
Not enough data
Total Supply
2,191,419,295.823 WFTM
Performance
Popularity
Not enough data
Dominance
0.04%
Volume (24H)
$106,967.43
-0.19%
Volume (7D)
$863,271.41
Volume (30D)
$3,116,617.30
All time high
$3.36
Overall Price Change (1Y)
-0.26%
Additional info about Wrapped Fantom
Recent trends
The price of Wrapped Fantom has increased by 0.46% in the last hour and increased by 1.76% in the past 24 hours. Wrapped Fantom’s price has also risen by 9.86% in the past week. The current price is $0.54 per WFTM with a 24-hour trading volume of $106.97K. Currently, Wrapped Fantom is valued at 84.03% below its all time high of $3.36. This all-time high was the highest price paid for Wrapped Fantom since its launch. The current circulating supply of Wrapped Fantom is 2,191,419,295.823 WFTM which means that Wrapped Fantom has as total market cap of $1,168,298,868.29.
Market details
WFTM vs markets
↘ 42.77%
WFTM vs BTC
↘ 50.28%
WFTM vs ETH
↗ 31.22%
Tags
rehypothecated-crypto
Network & Addresses
Network | Address | |
---|---|---|
ADA | 0x332730a4f6e03d9c55829435f10360e13cfa41ff | |
Milkomeda C1 | 0x332730a4F6E03D9C55829435f10360E13cfA41Ff | |
Fantom | 0x21be370D5312f44cB42ce377BC9b8a0cEF1A4C83 | |
Crypto.com Coin | 0xb44a9b6905af7c801311e8f4e76932ee959c663c |
Price history
Time | Price | Change |
---|---|---|
Today | $0.54 | ↗ 1.76% |
1 Day | $0.52 | ↗ 1.76% |
1 Week | $0.49 | ↗ 9.86% |
1 Month | $0.56 | ↘ 5.55% |
1 Year | $0.72 | ↘ 25.75% |
FAQ
Wrapped Fantom (WFTM) is a wrapped token of the FTM token, though the FTM token is the native token of the Fantom platform. A wrapped token simply means that the token’s value is pegged or attached to another. With wrapped tokens, it becomes easier to connect between different blockchains, enabling interoperability and bypassing the limitation of transferring native tokens, i.e., tokens that reside on native blockchains, between platforms.
Since the Fantom Opera mainnet blockchain is compatible with Ethereum, WFTM is a wrapped version of the FTM token on the Ethereum blockchain. To wrap FTM tokens, users can use the fswap option in the official Fantom wallet under the DeFi (decentralized finance) tab, and they will get WFTM tokens.
Fantom aims to be an open-source, high throughput, and fast smart contract platform designed for digital assets and DApps. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. Fantom aims to provide increased transparency in their services. Additionally, the platform employs Lachesis, a revolutionary asynchronous Byzantine fault tolerance (aBFT) consensus mechanism that seeks to allow Fantom to overcome the limitations of the older blockchains and make it faster and cheaper. The Byzantine fault tolerance refers to a computer system's ability to continue working even if some of its nodes fail or act maliciously. Consequently, aBFT is a property of Byzantine fault-tolerant consensus algorithm and seeks to allow honest nodes of a network to agree on the time and order of a group of transactions securely and fairly. The transactions on the platform seek to get finalized within seconds and cost less.
Fantom is scalable and aims to process thousands of transactions in seconds. The platform can scale to thousands of nodes. Moreover, Fantom is Ethereum compatible. Hence, users can run their Ethereum DApps on Fantom effortlessly.
Apart from that, Fantom seeks to be secured by a proof-of-stake mechanism, an energy-efficient variant to reach consensus on the platform, making it an environment-friendly solution.