diff --git a/packages/asset-swapper/CHANGELOG.json b/packages/asset-swapper/CHANGELOG.json
index 0119112f1c..2d65a021a9 100644
--- a/packages/asset-swapper/CHANGELOG.json
+++ b/packages/asset-swapper/CHANGELOG.json
@@ -1,4 +1,13 @@
 [
+    {
+        "version": "16.48.0",
+        "changes": [
+            {
+                "note": "Use `MIM` as an intermediate asset on `Fantom`",
+                "pr": 405
+            }
+        ]
+    },
     {
         "version": "16.47.0",
         "changes": [
diff --git a/packages/asset-swapper/src/utils/market_operation_utils/constants.ts b/packages/asset-swapper/src/utils/market_operation_utils/constants.ts
index 7ac6f4df18..8e65bdf3b8 100644
--- a/packages/asset-swapper/src/utils/market_operation_utils/constants.ts
+++ b/packages/asset-swapper/src/utils/market_operation_utils/constants.ts
@@ -800,6 +800,7 @@ export const DEFAULT_INTERMEDIATE_TOKENS_BY_CHAIN_ID = valueByChainId<string[]>(
             FANTOM_TOKENS.USDC,
             FANTOM_TOKENS.nUSD,
             FANTOM_TOKENS.nETH,
+            FANTOM_TOKENS.MIM,
         ],
         [ChainId.Celo]: [CELO_TOKENS.WCELO, CELO_TOKENS.mCUSD, CELO_TOKENS.WETH, CELO_TOKENS.amCUSD, CELO_TOKENS.WBTC],
         [ChainId.Optimism]: [