‘Multichain was a big blow,’ says Andre Cronje as Fantom TVL slumps

by Aurelia Butler 16 July 2023, 12:40 169 Views

According to data from DefiLlama, Fantom’s total value locked (TVL) dropped from over $364 million in early May to about $70 million on July 14. At its peak in 2022, Fantom’s TVL topped $7.5 billion. The price of its native token, Fantom (FTM), declined from $0.41 to $0.28 in the same period.

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Source: Cryptocurrency - investing.com

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‘Multichain was a big blow,’ says Andre Cronje as Fantom TVL slumps

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