Wrapped Fantom


WFTM is a DeFi-compatible version of FTM. FTM is the native currency of the Fantom chain used for gas fees and security.

Risk Rating
What we like
WFTM is a wrapped version of FTM that enables it to be more easily used within DeFi. FTM is the native blockchain token used to pay for transaction fees on the Fantom network. A portion of fees (~30%) from network operations are burned to reduce the supply and increase FTM scarcity for token holders.
What we like less
There are centralization concerns as the Fantom network consists of less than 100 validators.
What it means for you
FTM has risen to a top alternative Layer-1 token with intrinsic value given its utility to pay for transaction fees, decent network usage, and deflationary mechanisms.

Ready to earn 15% yield or more with Exponential ?

  • Fantom
Key Metrics
  • Volume (24H): $2.4M
  • ATH: $3.47 (10/26/2021)
  • ATL: $0.15 (07/20/2021)
Risk Assessment
Asset Strength

Wrapped is a mid-cap asset that represents the protocol`s native governance or utility token.

Asset Tokenomics

Wrapped has a fixed supply. FTM is "wrapped" to make it compatible with DeFi smart contracts. 1 Wrapped FTM is always equal to 1 FTM.

Asset Volatility

Wrapped FTM is moderately correlated to the overall market.


Wrapped Fantom has no dependencies.

Things to know about WFTM

What is FTM used for?

The FTM token has two main use cases: to pay for gas fees on the network and for staking to secure the blockchain. The Fantom network requires a small amount of FTM to execute transactions on the blockchain. Validators on the network are required to stake FTM to process network activity in return for staking rewards and transaction fees (paid in FTM).

FTM tokenomics

The total supply of FTM is capped at around 3.175B tokens. Prior to mainnet launch, the entirety of the FTM supply was pre-mined. Of this amount, about 40% of the supply was sold to private investors in three separate rounds. Founders, the project team, and advisors collective received roughly 20% of supply. The remaining 40% was split between a smaller strategic reserve and the pre-mined rewards reserve.

How does FTM accrue value?

A portion of fees (~30%) paid to execute transactions on the Fantom network are burned, reducing the supply, and increasing the FTM token's scarcity. If network demand is strong enough and the number of FTM burned exceeds the amount minted via staking rewards, then the asset can become deflationary. This deflationary effect will mostly be offset in the beginning by inflationary token emissions to reward validators.

Ready to
earn 15%+

Start earningarrow_forward

Get more from your crypto -
earn 15% yield or more

Start earningarrow_forward