Fantom community co-founder Andre Cronje stated Multichain’s current debacle was a “huge blow” to the good contract platform, which has seen a pointy drop in exercise in current weeks.
In accordance In response to DefiLlama knowledge, Fantom’s whole worth locked (TVL) fell from over $364 million in early Could to round $70 million on July 14. At its peak in 2022, Fantom’s TVL exceeded $7.5 billion. THE value of its native token, Fantom (MTF), fell from $0.41 to $0.28 over the identical interval.
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