In August, Fantom's 24-hour trading volume increased by 1,250% to a new high of $1.26 billion. Fantom blockchain now has a total value of $657 million. Between August 4 and August 23, Fantom's TVL increased from $269 million to $510 million. The start of a 370 million FTM reward programme, a large increase in social media engagement, and ongoing increase in the amount of value locked on protocol are three reasons for Fantom's increasing momentum.