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TürkçeArbitrum Bridged WBTC (Arbitrum One) VS Fantom
VS
Arbitrum Bridged WBTC (Arbitrum One)
Arbitrum Bridged WBTC on the Arbitrum One network brings the liquidity of Bitcoin to the layer-2 scaling solution, enhancing the speed and efficiency of transactions. This bridging process allows users to access Bitcoin's value while leveraging Arbitrum's lower gas fees and quicker settlement times. By integrating Wrapped Bitcoin into the Arbitrum ecosystem, it opens up new possibilities for decentralized finance applications seeking to capitalize on Bitcoin's market dominance.
more informationFantom
Fantom is a high-performance, scalable, and secure blockchain platform designed to overcome the limitations of older blockchain systems. With its unique consensus mechanism, Lachesis, Fantom ensures fast transaction times and near-instant finality. This makes it an attractive option for developers seeking to build decentralized applications that require speed and efficiency.
more information
Arbitrum Bridged WBTC (Arbitrum One)
Fantom
General Information |
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Title
Arbitrum Bridged WBTC (Arbitrum One)
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Title
Fantom
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Symbol
wbtc
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Symbol
ftm
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Whitepaper
-
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Whitepaper
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Website
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Website
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Community
-
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Community
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Last Updated
2025-01-21 23:51
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Last Updated
2025-01-12 23:58
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Price Data |
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Current Price $
105586
$
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Current Price $
0.699578
$
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High 24h
106795
$
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High 24h
0.720464
$
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Low 24h
100227
$
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Low 24h
0.692894
$
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Price Change 24h
4372.31
$
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Price Change 24h
-0.018856362550915
$
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Price Change % 24h
4.31987
%
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Price Change % 24h
-2.62464
%
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Market Data |
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Market Cap
880809842
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Market Cap
1961569766
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Total Volume
314468371
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Total Volume
82345016
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Market Cap Change 24h
24342032
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Market Cap Change 24h
-52364850.379944
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Market Cap Change % 24h
2.84214
%
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Market Cap Change % 24h
-2.60013
%
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Return on Investment (ROI)
-
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Return on Investment (ROI)
2231.9281530718
%
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Supply and Availability |
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Circulating Supply
8333.18181196
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Circulating Supply
2803634835.5266
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Total Supply
8333.18181196
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Total Supply
3175000000
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Max Supply
-
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Max Supply
3175000000
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Historical Data |
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All Time High (ATH)
108397
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All Time High (ATH)
3.46
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ATH Change %
-2.48753
%
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ATH Change %
-79.83506
%
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ATH Date
2025-01-20 09:11
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ATH Date
2021-10-28 05:19
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All Time Low (ATL)
49594
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All Time Low (ATL)
0.00190227
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ATL Change %
113.13142
%
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ATL Change %
36562.47581
%
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ATL Date
2024-08-05 13:30
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ATL Date
2020-03-13 02:25
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Arbitrum Bridged WBTC (Arbitrum One)
Introduction to Arbitrum Bridged WBTC (Arbitrum One)
Arbitrum Bridged WBTC (Arbitrum One) is the wrapped Bitcoin (WBTC) adapted for the Arbitrum blockchain. It provides users with the opportunity to utilize Bitcoin's value on the Ethereum-compatible Arbitrum network. This enables transactions with faster processing times and lower fees compared to the traditional Bitcoin network.
Understanding the Mechanism Behind WBTC
WBTC is an ERC-20 token backed 1:1 by Bitcoin. Through a process involving custodians and merchants, Bitcoin can be converted to WBTC, facilitating its integration into the Ethereum and Arbitrum ecosystems. This bridging expands the utility of Bitcoin by allowing it to participate in decentralized finance (DeFi) platforms and other decentralized applications (dApps).
Advantages of Arbitrum Bridged WBTC
The primary advantage of utilizing Arbitrum Bridged WBTC is its ability to bring Bitcoin liquidity to the Arbitrum network, enabling enhanced transaction speed and reduced gas fees. In addition, it offers increased interoperability by allowing Bitcoin assets to participate in Ethereum-based DeFi protocols without requiring users to liquidate their Bitcoin holdings.
Drawbacks and Considerations
Despite these benefits, there are notable risks and limitations associated with Arbitrum Bridged WBTC. Users are required to trust third-party custodians to manage the Bitcoin reserves backing the WBTC, which introduces counterparty risk. Moreover, the bridging process and its dependence on smart contracts can expose users to potential security vulnerabilities.
Historical Performance and Market Dynamics
Since its inception, Arbitrum Bridged WBTC has generally mirrored Bitcoin’s market trends, demonstrating high market cap volatility and price fluctuations. Recently, it reached an all-time high of $69,437 on October 21, 2024, but has since experienced a slight decrease in value. Its ability to maintain a substantial market capitalization indicates a strong position within the crypto space, buoyed by consistent demand for WBTC in DeFi applications.
Future Prospects
The future outlook for Arbitrum Bridged WBTC remains promising, particularly as interest in layer-2 solutions grows and the DeFi sector expands. The continued development of the Arbitrum ecosystem and its scaling solutions may bolster the utility and adoption of WBTC. However, users should remain mindful of the inherent risks linked to bridging and wrapped tokens as crypto regulations evolve.
As of the latest updates, Arbitrum Bridged WBTC trades at around $67,030, demonstrating resilience despite recent market corrections. Moving forward, its role in providing Bitcoin liquidity coupled with the growing adoption of layer-2 solutions on Ethereum could solidify its position as a crucial asset within decentralized finance. The key to its persistent success lies in maintaining robust security measures and fostering trust among its user base.
Fantom
An Introduction to Fantom: The High-Performance Blockchain
Fantom (FTM) is a highly scalable blockchain platform designed to provide fast, secure, and cost-effective transaction solutions. With its primary focus on DeFi services, Fantom has garnered significant attention within the crypto community since its launch. This article explores the strengths and weaknesses of Fantom, its historical performance, and future outlook in the ever-evolving cryptocurrency landscape.
The Technical Backbone of Fantom
Fantom uses a directed acyclic graph (DAG) for its blockchain infrastructure, which differs from the typical linear blockchain design. This architecture allows for asynchronous and independent transaction processing, leading to faster transaction times and lower fees. Fantom also employs a unique consensus mechanism called Lachesis, which is a variation of the proof-of-stake (PoS) system. Lachesis ensures scalability and maintains security without sacrificing decentralization.
Advantages of Fantom
One of the primary advantages of Fantom is its speed. Transactions on the Fantom network typically finalize within a couple of seconds, making it an attractive option for developers looking to build decentralized applications (dApps) and services that require quick confirmation times. Additionally, Fantom boasts low transaction fees, which are a fraction of what users might experience on other major blockchain platforms, such as Ethereum. This cost-effectiveness makes Fantom an appealing choice for users and developers alike.
Potential Drawbacks
Despite its advantages, Fantom does face some challenges. As with any emerging technology, there are risks in terms of security and network integrity that come with innovation. While Fantom’s technology is promising, it is still relatively new compared to more established networks. Additionally, the platform needs to continue building its ecosystem and developer community to compete with larger, more established networks in the space effectively.
Historical Performance and Market Position
Fantom has demonstrated remarkable growth since its all-time low of $0.0019 in March 2020, achieving an all-time high of $3.46 by October 2021, representing a staggering increase. However, like many other cryptocurrencies, Fantom has experienced volatility, with prices currently around $0.69, marking a significant pullback from its peak.
The Future of Fantom
Fantom’s future looks promising, driven by its innovative technology and potential to disrupt traditional financial systems. The platform is continually expanding its partnerships and collaborations, aiming to increase adoption across various sectors, including DeFi, NFTs, and beyond. As blockchain technology continues to advance, Fantom’s high-performance network positions it well to capitalize on new opportunities.
In conclusion, Fantom is a noteworthy project within the crypto space, offering speed, affordability, and robust technology. While there are risks involved, as with any investment, Fantom's unique platform and strategic vision provide a strong foundation for potential growth and adoption in the blockchain industry.