As per DeFiLlama, Fantom (FTM) is now the big daddy in the list of Ethereum-competitors as it recently toppled giants like Avalanche and Solana in terms of DeFi total-value-locked (TVL), which has crossed $12.3 billion. In the last 24 hours, Fantom’s DeFi TVL has jumped by 17%, making it the following dominating DeFi network after Etheruem. Additionally, Fantom’s TVL has shot up by a staggering 12x just over the last four months.