Fantom's FTM Price Rallies Over 190% on Anticipation of Major Network Upgrade

Fantom's FTM token has rallied over 190% in the last 4 weeks, becoming the best performing non-meme coin in the top 100 by market value
Fantom's upcoming Sonic upgrade, expected in Spring 2023, may have driven interest and price gains
The Sonic testnet demonstrated 2000 TPS and 1.1 second transaction finality, a major improvement over current speeds
The Fantom Virtual Machine (FVM) will boost smart contract speeds and facilitate migration of Ethereum dapps
While price has surged, FTM locked in DeFi dapps is at lowest levels since May 2021, indicating upgrade hasn't revived ecosystem interest yet