Chain Guides4 min read
Fantom: High-Speed DAG-Based Blockchain for DeFi
Explore Fantom is unique consensus mechanism, DeFi ecosystem, and transition to Sonic.
What Is Fantom?
Fantom is a high-performance Layer 1 blockchain using a DAG (Directed Acyclic Graph) consensus mechanism called Lachesis. It achieves fast finality and low costs while maintaining EVM compatibility.
Key Features
- 1-second finality: Transactions are confirmed almost instantly
- Low fees: Typically under $0.01
- EVM compatible: Supports Solidity smart contracts
- Lachesis consensus: Asynchronous BFT for high throughput
DeFi Ecosystem
SpookySwap, Beethoven X, Geist Finance, and Tarot are major Fantom DeFi protocols. The chain was notably boosted by Andre Cronje's contributions.
Sonic Upgrade
Fantom is transitioning to Sonic, a major upgrade that increases throughput and introduces new developer features.
Trade on Fantom
Access Fantom DeFi through Alkizen's multi-chain interface, bridging from any chain with ease.