On Dec. 24, Andre Cronje, who rejoined the Fantom Foundation as an architect in November, posted a performance review of Fantom (FTM) in 2022. Cronje had left the crypto and decentralized finance (DeFi) world in March, sparking an uproar at the time.
As per the data from FTMScan shared by Cronje, the yearly growth of daily transactions on the Fantom network reached 131% between 2021 and 2022. This is far behind the network’s annual growth of 12,998% in 2020-2021. Daily transactions indicate the amount of activity users conduct on-chain, Cronje noted.
The yearly growth of average block size on the Fantom network reached 163% in 2022, compared to 25% in 2021. According to Cronje, the increase in block space equates to users paying more to include their transactions.
Daily gas used, which indicates how much users are willing to pay to add their transactions on the network, grew by 86% over the last year. Comparatively, daily gas used on Fantom surged by 9425% in 2020-2021.
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