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This Crypto Just Surpassed Binance in Total Value Locked But Still Crashed Today

This Crypto Just Surpassed Binance in Total Value Locked But Still Crashed Today

Popular decentralized finance (DeFi) network Fantom (CRYPTO: FTM) has seen strong catalysts form but has succumbed to the will of the market, dropping more than 11% at its low earlier this morning. Reports put out earlier this morning highlighted the fact that Fantom recently surpassed the Binance Smart Chain in terms of total value locked (TVL) over the weekend. This move propelled Fantom's network into the third spot in the ranking of TVL among DeFi platforms, a big accomplishment.