Assessing if Fantom’s new mainnet upgrade is enough to fuel FTM’s recovery

ambcrypto.com:

Fantom [FTM] recently launched a new mainnet upgrade named go-opera version 1.1.2-rc.5 which brings a few new features. For instance, the latest upgrade comes with improvements in batched Genesis block processing, configurable DB management, parallel EVM log search, and optimizations in the P2P protocol.

Internal tests highlight:

• P2P + block processing times significantly reduced, resulting in ~30% improvement • Genesis file processing is up to 3x faster • Searching logs now 5x faster

Full details➡️ https://t.co/28PP4AjzZ7 pic.twitter.com/5snRnnz6go

— Fantom Foundation (@FantomFDN) March 6, 2023

Read Fantom’s [FTM] Price Prediction 2023-24

Fantom mentioned in the official announcement that the mainnet upgrade will increase Genesis file processing by three times, except for archive Genesis files. Searching logs has become five times faster and each log search should take only 1/5 of the time it took previously. In addition to that, block processing time has increased by about 30% as a result of major improvements in P2P and block processing.

While the new upgrade was being released, DeFiLlama’s data revealed thatFantom’s declining total value locked (TVL) registered a slight uptick- An optimistic development for the network. Not only that, but the number of unique addresses on Fantom also skyrocketed over the past few weeks and reached nearly 45 million.