Fantom (FTM)
DAG-based EVM L1. Sonic upgrade for sub-second finality.
Ranked 91st of 251 rated tokens. Scoring pass 18 Sept 2026.
What the numbers say
FTM scores 111 of 250 across the 25-variable framework, which places it 91st of 251 rated tokens and inside the upper half of the set. The framework verdict is WATCH.
The score rests on Exchange Depth 6/10, 37th of 251, Real Staking Yield 5/10, 37th of 251, Insider Selling 5/10, 42nd of 251 and BTC Alpha Potential 4/10, 45th of 251.
FTM trades 99.03% below its all-time high of $3.46. Recovering that level is a 103.1x move, not a 99.03% one, which is the arithmetic most drawdown charts hide.
The framework score gained 111 points against the previous pass (0 to 111). Revisions of this size follow a change in the underlying variables, not a change in price.
FTM is strong on Circulating / FDV Ratio. The market prices those variables only partly, so the score is neither fully reflected in the price nor fully ignored by it. It is weak on Market Share, which the market does price, so that damage is already done and visible in the valuation.
25-variable breakdown
Each variable is scored 1 to 10 and ranked against every other rated token, so a 7 that ranks 20th means something different from a 7 that ranks 180th. The rank is the part that is hard to get anywhere else.
Cash flow
| Protocol Revenue | 3 | 98th of 251 | |
| Revenue Trend | 4 | 71st of 251 | |
| P/S Multiple | 4 | 104th of 251 | |
| Real Staking Yield | 5 | 37th of 251 |
Supply
| Supply Inflation | 5 | 61st of 251 | |
| Vesting Schedule | 6 | 59th of 251 | |
| Circulating / FDV Ratio | 7 | 46th of 251 | |
| Buyback and Burn | 3 | 63rd of 251 |
Ownership
| Smart Money Flows | 4 | 93rd of 251 | |
| Insider Selling | 5 | 42nd of 251 | |
| Holder Concentration | 4 | 58th of 251 |
Traction
| TVL Trend | 4 | 65th of 251 | |
| Active Users | 4 | 91st of 251 | |
| Developer Activity | 5 | 83rd of 251 | |
| Network Growth | 4 | 100th of 251 |
Position
| Market Share | 3 | 131st of 251 | |
| Competitive Moat | 4 | 114th of 251 | |
| Institutional Adoption | 4 | 71st of 251 | |
| Exchange Depth | 6 | 37th of 251 | |
| Social Mindshare | 4 | 86th of 251 |
Risk
| Regulatory Safety | 5 | 102nd of 251 | |
| Catalyst Calendar | 4 | 90th of 251 | |
| BTC Alpha Potential | 4 | 45th of 251 | |
| Team Execution | 5 | 74th of 251 | |
| Treasury Runway | 5 | 74th of 251 |
The vertical tick on each bar marks the median score across all 251 rated tokens, so a bar ending left of the tick is below the universe on that variable.
Catalyst and risk
Next catalyst
Sonic upgrade (Fantom) promises faster finality and EVM compatibility; network migration.
Principal risk
Delays in Sonic mainnet launch; low TVL vs. rival L1s; reliance on DeFi revival.
Market and supply
| Price | $0.0334 |
| Market cap | not published |
| All-time high | $3.4627 Oct 2021 |
| Circulating supply | 0 |
| Eventual supply (unavailable) | 3,175,000,000 |
| Dilution to full supply | n/a |
| Listed on | Binance, Coinbase, Kraken |
Price, market cap, supply and all-time high from CoinGecko, fetched 7 Oct 2026. The 25 scores come from the research pass dated 18 Sept 2026 and don't move with price.
Tokens with a similar profile
These are the closest matches to FTM measured on the shape of all 25 variables after removing overall quality, so what they share is a pattern of strengths and weaknesses rather than a similar size or price.
FTM compared head to head
Both sides of each comparison were scored by the same framework in the same pass, so the gap between them is a measurement rather than two readings taken with different rulers.
Common questions
- What is the Early Thunder score for Fantom (FTM)?
- FTM scores 111 out of 250 on the 25-variable framework, ranking 91st of 251 rated tokens (upper half). The framework verdict is WATCH.
- What are FTM's strongest fundamentals?
- FTM ranks highest on Exchange Depth 6/10, 37th of 251, Real Staking Yield 5/10, 37th of 251, Insider Selling 5/10, 42nd of 251 and BTC Alpha Potential 4/10, 45th of 251. Ranks are measured against all 251 tokens in the same scoring pass.
- How far is FTM from its all-time high?
- FTM trades 99.03% below its all-time high of $3.46. Returning to that high requires a 103.1x move from the level used in this scoring pass.
- Which tokens have a similar profile to FTM?
- Measured on the shape of all 25 scored variables rather than on price, the closest matches to FTM are KSM (103), XTZ (88), PERP (108) and RLC (94). Similarity here means the same pattern of strengths and weaknesses, not a similar market cap.
- What is the next catalyst for FTM?
- Sonic upgrade (Fantom) promises faster finality and EVM compatibility; network migration.
Keep reading
Research and analysis, not investment advice. Scores are one framework applied consistently across 251 tokens, not a prediction of price.