Fantom, the top altcoin project, experienced a remarkable surge in its mainnet asset FTM token, gaining a staggering 13% in value over the past week. This impressive growth surpasses the performance of the overall cryptocurrency market, as evidenced by various indices. The surge in FTM’s price can be attributed to the favorable response from investors towards the ongoing Sonic update of the Fantom Blockchain network, as well as the substantial increase in the total value locked (TVL) in its decentralized applications (dApps).