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Fantom (FTM) co-founder Andre Cronje says the Solana (SOL) network is a victim of success as the smart contract platform faces criticisms due to congestion issues. In a post on social media platform X, Cronje says that Solana's recent outages are only because of its rising user activity and popularity.
In a move that could reshape the landscape of the Fantom blockchain network, Andre Cronje, the network's co-founder, has hinted at the potential integration of meme coins. This development, amid a surge of interest in meme coins across various platforms, signals Fantom's readiness to explore new horizons and take advantage of the wave.
The Solana network, known for its high throughput and low transaction fees, has been grappling with congestion issues throughout the weekend, causing transaction failures and delays. Developers are working fervently to resolve these challenges and ensure a smoother user experience.
In crypto, you have memecoins, which have become like the rebel without a cause. While it would be difficult for them to gain investor confidence, they are held together by community support and viral trends rather than fundamental value.
A recent post by Andre Cronje, who is a core developer and founder of the Fantom protocol, hinted at the potential introduction of memecoins on the highly scalable blockchain platform in the near future.
An X post from Andre Cronje, a core developer and founder of the Fantom protocol has teased the possibility of welcoming memecoins on the highly scalable blockchain platform in no distant time. Fantom Memecoins May Soon Be a Reality Cronje confirmed that the crypto project has been busy with conducting due diligence on memecoins.
Fantom is the latest Layer 1 blockchain actively courting meme coins amid the wave of explosive growth these assets have had.
Solana (SOL) network issues have escalated affecting investors' confidence and preventing the proper use of its decentralized finance (DeFi) ecosystem. In this context, Finbold selected ten Solana competitors to consider using and investing amid transaction failures affecting its experience.
The crypto markets are trying hard to recover after facing an acute pullback in the past few days. Bitcoin's price had fallen below $65,000, bringing the entire cryptocurrency market to its knees.
Fantom creator Andre Cronje referred to the Solana network as a victim of success.
Fantom's core developer Andre Cronje has come out to share his take on Solana's current network challenges, a situation that many foresaw a while ago. Taking to his official X account, Andre Cronje highlighted that he has seen many people reiterating the "I told you so" phrase about Solana, a statement emanating from the recent hiccups it has faced.
In response to the rising criticisms against Solana, Fantom's Andre Cronje steps forward to offer a nuanced perspective, characterizing the network as a ‘victim of success.' Cronje points to the overwhelming demand for blockspace within the Solana ecosystem, which he sees as a testament to its popularity and adoption.
Ethereum (ETH) rival Fantom (FTM) is launching a new “canonical” stablecoin in partnership with USDC-issuer Circle. Fantom will utilize the cross-chain messaging protocol Wormhole (W) to roll out the new stablecoin, USDC.e. Explains the Fantom Foundation, “USDC.
Fantom (FTM) finds itself at a pivotal juncture, grappling with a myriad of challenges amidst the backdrop of market turbulence. As the FTM price undergoes a significant correction since March 25, analysts and enthusiasts alike are dissecting the intricate dynamics at play, seeking to decipher the enigmatic future of this innovative blockchain platform.
Fantom will launch its canonical stablecoin, USDC.e backed by Circle and Wormhole with potential benefits to users and developers. In an April 4 announcement on X (formerly Twitter), the Fantom Foundation stated that the USDC.e stablecoin will be rolled out on April 5 with support from stablecoin giant Circle and Wormhole.
Fantom launches USDC.e stablecoin with Circle and Wormhole support, enhancing ecosystem liquidity.
The Fantom (FTM) supply on exchanges has been rising in recent times, leading to speculations for what this might mean for the price of the cryptocurrency. Going by trends in the crypto market of when the exchange balances of a particular coin goes up, there might be some pain ahead for FTM investors.
Andre Cronje warns that while "things are going great now" such a momentum in the crypto space would eventually turn.
The Fantom (FTM) price has experienced a notable correction of 32.79% since March 25 amidst signs of decreasing investor interest and potential selling pressures. This downturn is highlighted by the stagnation in the number of FTM holders since last week, pointing towards a cooling-off period.
Fantom founder Andre Cronje voices apprehension about USDe stablecoin's sustainability, invoking fears of a Terra-like collapse.
Without naming the protocol, Cronje shared his concerns about negative funding rates potentially leading to an “unbacked asset.”
With a 7% fall in the total crypto market capitalization within two days, the industry stands at $2.43 Trillion. The sharp fall marks a bearish beginning to this week and warns of a downfall in the altcoins.
Here is how some of your favorite assets concluded the week.
Bitcoin, the pioneer of cryptocurrencies, is gearing up for a significant event: the much-anticipated halving. Scheduled for April 22, this event typically triggers excitement and speculation within the crypto community.
