Fantom Transactions Surpass Ethereum as Users Look to Farm Yields

Analysts say newer products and high yield rewards are fuelling growth on the Fantom network. “Many projects like Radial, veDAO, and 0xDAO came up with liquidity mining launches that vampire attacked other protocols to gain TVL. These projects share a lot of resemblance to defi summer projects in 2020,” wrote crypto research firm Delphi Digital in a note on Tuesday. Liquidity mining refers to users supplying liquidity to DeFi applications and receiving rewards for doing so.

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