Messari releases Fantom Q1 report: Market value increased by 101% month-on-month, DeFi TVL increased by 59% month-on-month

Messari recently released the Fantom 2024 Q1 Status Report, the key points are as follows: -Fantom has achieved month-on-month growth in multiple key indicators, including market capitalization (+101%), daily average active addresses (+24%), USD-denominated DeFi TVL (+59%), stablecoin market capitalization (+39%), and daily average DEX trading volume (+64%); -FTM total staked increased by 17% month-on-month to 1.3 billion, and the proportion of eligible supply staked also increased by 16% month-on-month to 44.6%; -In March this year, Fantom's DEX monthly trading volume exceeded US$1 billion for the first time in the past year, with an average daily DEX trading volume of US$37.9 million in March, nearly 7 times higher than February (US$5.7 million) and 6 times higher than January (US$6.6 million); -On March 25, Michael Kong, CEO of the Fantom Foundation, announced Sonic Initial release plan (scheduled for Q3 2024), plans include specification bridge, simplified staking system, builder grants, reward program, specification stablecoin, etc.; -Five winners of Sonic Labs incubator project were selected in Q1. Each project will receive 200,000 FTM and receive development support before the Sonic mainnet goes live.