Fasttoken by Numbers: Unpacking the Remarkable Growth of Bahamut Chain and FTN

If you’re plugged into the onchain landscape – informationally as well as technically – there’s a good chance you’ve heard of Fasttoken (FTN), and you may also be aware of its native network – Bahamut, the new Layer-1 blockchain.

Given the number of crypto networks and tokens now on the market, however, it’s okay if you don’t have all the pertinent facts about FTN and Bahamut to hand: we’re about to see to that. In short, though, FTN has been on a roll lately and is currently up 75% for the year to date with a market cap sitting at almost $2B.

In tandem with this, Bahamut has also been posting some impressive numbers, with over 7 million accounts created and more than 71 million transactions to date. Something’s going on, but what exactly? Why is Bahamut’s Layer-1 network and token thriving when other chains are resembling ghost towns?

Answering these questions calls for examining the key data points defining the network and native token to get a handle on what’s happened – and where Bahamut’s ecosystem is headed next.

Bahamut: A Monster Blockchain

If you’re wondering how Bahamut got its name, the official version goes like this: “In ancient mythology, Bahamut was a giant fish or sea monster that supported the earth, lying deep below the surface of the water. It was said to be so massive that it could swallow entire oceans, and its scales were believed to be impenetrable.”

Part of the Fastex ecosystem, Bahamut is an EVM-compatible Layer 1 that employs a unique Proof of Stake and Activity (PoSA) consensus mechanism. This rewards validators not just for holding staked assets but for active contributions such as building smart contracts and participating in network activity.

In this respect, Bahamut is at the vanguard of a blockchain-wide trend towards incentivizing user behavior that adds real value to strengthen network effects, create positive feedback loops, drive greater community participation, and fairly allocate rewards. But enough about the ethos. Let’s talk about the raw numbers behind Bahamut.

Why Bahamut Is a Big Beast

Monstrous name aside, Bahamut is a colossus in other ways, not least when it comes to actual onchain activity: real actions made by real users. Aside from the impressive 7M+ and 71M+ transactions that we’ve already detailed, there are other benchmarks worth reeling off, like the fact that the network has faithfully processed 6.3M blocks to date. The PoSA consensus works.

As for why users have been taking to Bahamut in their numbers, there are a few reasons that spring to mind. One is the reach and reputation of the Fastex ecosystem, headed by its digital asset exchange that forms the jumping-off point for Bahamut discovery. It’s easy for users to withdraw FTN from Fastex straight to their Bahamut wallet and start exploring.

And there’s a surprising amount to explore on a blockchain that only launched in May: Bahamut’s TVL is already over $124M, which is quite impressive. (For comparison, zKSync’s is o[]ly $54M.) Much of the Total Value Locked on Bahamut comes from liquid staking, but there’s also the beginnings of a DeFi ecosystem taking shape.

Users who take the plunge and seek sanctuary on the big beast that is Bahamut will find lending courtesy of Percentme; bridging from Symbiosis; and DEXs from the likes of SilkSwap and Kujata. Naturally, much of the activity that takes place on these decentralized exchanges utilizes FTN as a base currency, which brings us on to our second area of analysis: Fasttoken.

FTN by Numbers

Fasttoken (FTN) wears a lot of hats – or rather fulfills a lot of use cases – since it serves as both the native asset of Bahamut and a broader utility token within the Fastex ecosystem. It’s been integrated into ecommerce and gaming platforms, is supported by various payment providers, and listed on 15 centralized exchanges, including Fastex, of course.

It now plays a major role on Bahamut’s blockchain, however, where its adoption has been one of the catalysts driving FTN to greater heights this year. More than 40M FTN is now staked on the network across various liquid staking dapps, while its onchain daily trading volume exceeds a respectable $15M.

To accelerate the growth of dapps on the Layer-1 network, the Bahamut Grants Program has been seeded with a 10M FTN fund, which is available to developers building out its infrastructure and creating dapps that expand the use cases and sectors the blockchain supports.

Securing the network are over 4,400 validators, who earn rewards based on both staked FTN and their activity levels, which encourages ongoing participation. This contrasts with traditional PoS models that tend to favor large stakers.

A previous token burn of 120 million FTN, reducing the total supply from 1 billion to 880 million, was a deliberate step to enhance scarcity and fund validation rewards, laying the groundwork for this expansion. With total trading volume both on Bahamut and on centralized exchanges averaging around $60M, there’s clearly organic demand for FTN.

Community and Global Adoption

Blockchain success hinges on more than merely having the best tech: it’s also about people and integrations. And as an examination of the Bahamut and FTN community shows, there’s a large and highly engaged user base in place here.

The global FTN community exceeds 50,000 members across platforms like Telegram, X, and Discord. This base includes developers, gamers, and traders who are utilizing the FTN token for everything from staking to payments.

The token is integrated with more than 10 payment providers, enabling seamless crypto transactions for real-world purchases. For instance, NOWPayments allows merchants to accept FTN with low fees and instant settlements.

As of mid-September 2025, FTN is trading at approximately $4.5, with a market capitalization of $1.9 billion based on a circulating supply of about 433 million tokens. This positions FTN as a mid-cap asset, ranking in the top 200 cryptocurrencies. The token reached its peak of ~$4.60 in July 2025, driven by broader market rallies and Bahamut’s mainnet milestones.

Currently, it’s trading just below that level, leaving it within touching distance of its all-time high. Unlike many mid-cap assets, FTN is a relatively stable crypto, helped by the fact that much of its supply is locked into staking contracts. This is bullish for FTN since it not only decreased sell pressure but demonstrates that the majority of the token’s holders are in it for the long haul and have no intention of going anywhere.

Provided the crypto market keeps ticking over, as it looks to be the case, there’s grounds for confidence that FTN will push higher to reach $5. Beyond there, it’s uncharted territory, but if Bahamut can keep shipping and onboarding more partners and dapps, there’s every reason to believe that FTN has further to run.

Fasttoken was already a solid mid-cap asset with industry-wide integration before the launch of Bahamut. The release of Bahamut, with its PoSA consensus, has put the afterburners on. It’s effectively transformed FTN from an exchange and payments token into a versatile staking asset and DeFi utility token whose use cases are still expanding. If it’s been under your radar up until now, add FTN to your watchlist. As Bahamut expands, FTN is poised to rise with it, bringing new users and use cases into its blockchain ecosystem.