Fantom Token Soars as DeFi Usage Takes Off, Shiba Inu Crashes

The Fantom blockchain’s native token FTM rose sharply in the crypto market today, as traders jumped on a chance to buy the token amid a decentralized finance (DeFi) user frenzy on the increasingly popular blockchain. Meanwhile, the meme coin shiba inu (SHIB) came crashing down hard, after a massive rise over the past week.