Fantom (FTM) has experienced a significant surge in value, increasing by 27% over the past week, 21% for the month so far, and 11% in the past 24 hours. The cryptocurrency is currently trading at $0.56 and has a market cap exceeding $1.5 billion, making it the 48th largest crypto by market capitalization. Several factors contribute to this growth, including the recent Sonic testnet showcasing the fastest finality for any EVM chain at 720ms, an increase in new zero-balance wallets indicating new participants, and rumors of an upcoming update that could include an airdrop. Additionally, support from influential figures in the crypto community has bolstered investor confidence.