Fantom is a growing blockchain project allowing users to create bespoke decentralized apps (Dapps) and non-fungible tokens (NFT). Fantom Foundation sought a more democratic and efficient future while older blockchain initiatives like Bitcoin confront difficulties. The project aims to improve decentralized cryptocurrency performance, security, and scalability. The scalability of Fantom has increased to 300k transactions per second. As per DeFi Llama, the Fantom DeFi ecosystem is worth $1.3 billion.