Fantom’s TVL grew impressively in 2021 and early 2022, but the departure of key contributor Andre Cronje coincided with a ~50% drop in TVL and daily new user growth. Developer activity and transaction volume have also declined.
Fundamental metrics like revenue, price to sales, and TVL to market cap remain strong relative to peers, but it remains to be seen if these metrics were driven in large part by Andre’s influence. Fantom will be an interesting protocol to watch.
