Blockchain Technology Review:
Fantom FTM vs Polygon Matic
Blockchain Technology review: Fantom vs Polygon (Matic). Fantom an old project created by the Fantom Foundation located its headquarters in tax haven Cayman islands managed to increase its team in the last few years by 25%. Also the ratio of the Fantom team shows that they are mainly focused in engineering rather than marketing technology first.
The blockchain technology behind the Fantom Team shows that they are heavily invested in the tech of smart contracts. On the other hand, Polygon (Matic) has grown a lot more since Founded project back in 2017, currently having 204 employees like incredible growth Polygon (Matic) had is obvious and they managed to grow up also the last two years by 334%.
That’s a big company, that’s a big company that has currently six times the size of Fantom. The Polygon (Matic) team gives emphasis on all three business areas including marketing development and engineering the tech.
Ethereum Blockchain Issues
The key selling points of Fantom are scalability and modularity. The Foundation of the Fantom Foundation offers both permissioned and permission-less chains to its clients and it markets itself. As a consensus for distributed ledgers, and as a blockchain service (CaaS). Fantom created an innovative consensus mechanism named Lachesis and an extra layer dedicated to developers named opera Lachesis. This makes Fantom chain faster, decentralized and DeFi friendly. The original Fantom project’s goals focused on payments.
Polygon (Matic) on the other hand, has high modularity and has scalability too both are smart contract platforms that use proof of stake (PoS).
Therefore eco-friendly and not destroying the environment like Bitcoin. We need to save those trees, save those bees, we need to save those crypto whales.
The difference is that Polygon (Matic) is a layer 2 solution that provides inter-operability to ethereum ecosystem, meaning that it bridges other project to ethereum chain.
Fantom provides inter-operability only to its own chain.
Polygon (Matic) on the other hand, cannot co exist on its own. From business perspective it needs Ethereum; it needs Ethereum to survive from business perspective. I think technologically, I’m not so sure Polygon (Matic) have already been building a standalone chain.
Fantom vs Polygon Defi Review
The Fantom ecosystem is composed of multiple different applications including DeFi, NFTs and many more total value locked (TVL). In Fantom the DeFi ecosystem is 8.3 billion. Polygon (Matic) seems to lose ground against Fantom as far as its TVL is concerned for their DeFi ecosystem with a total value locked of 5.3 billion, the highest daily number of transactions for Fantom has risen to 1.8 million.
On the other hand, Polygon (Matic) ecosystem has bigger diversification in the ecosystem compared to Fantom. Emphasis is given by the project to their development tools, which appear to be better.
Both blockchain ecosystems have similar partners which compete in Defi. Polygon (Matic) has double number of validators compared to Fantom. They manage to execute 5x the transactions then Polygon. This proves us that Polygon (Matic) has scalability.
So basically; Fantom can perform more transactions with less blockchain validators. This has proven that the scalability over Polygon (Matic). The selling point of Polygon is It’s Ethereum scalability. Fantom has the selling point of scalability over what Polygon (Matic) has proven to us.
Fantom vs Polygon Tokenomics.
CoinMarket cap for Polygon (Matic) is at 50 billion. The fully diluted valuation meaning if all the circulating supply was alive then Polygon (Matic) would worth 20.4 billion. The circulating token supply for Matic (Polygon) is 7.3 billion. And the max supply is at 10 billion.
Fantom market cap of Fantom is less at 7.3 billion at this moment. The fully diluted valuation is 8.9 billion, meaning that if all the supply of FTM Fantom was alive. The project would be worth 8.9 billion. Circulating token supply at this moment is a 2.5 billion FTM. The maximum space for growth is geared toward FTM token. The maximum token supply is at 3.1 billion for FTM.
So more than 70% of supply circulating is for both projects is sold out. This means and this is very attractive for big crypto players because there are no surprises.
Fantom Vs Polygon
Cryptocurrrency Investing Inflation Rate
Inflation rate for Polygon (Matic) is 13.2% per year, which is pretty good for a project of two years plus.
And Fantom has practically similar number of 13.8% per year. The interesting thing is that release schedules of the tokens, the which has the Polygon (Matic) has better distributions. It seems that FTM tokens held for rewards are way more than Matic. But this isn’t necessarily bad because every project has different incentive strategy and as it seems it works for both which is interesting.
Staked Crypto Fantom vs Polygon
Total Matic staked Polygon (Matic) basically is at 31%; based on Messari.io the source for crypto research on the Blockchain. If we compare that to the Fantom stake, Fantom is at 52%, it is way more. From a cryptocurrency investor’s perspective, It means the investors for FTM token are larger compared to Matic.
They are both proof of stake. This is great for security.