Folks Finance, a cross-chain lending platform, has achieved a new milestone with its total value locked (TVL) reaching $255 million, as reported by DefiLlama. This marks a significant increase of over 200% in November. The platform offers a diverse range of products, including xChain, which supports multiple blockchains like Avalanche and Ethereum, and utilizes protocols such as Wormhole and Chainlink’s CCIP.

The surge in TVL is largely attributed to Algorand-related products, with ALGO's price nearly tripling in November. Folks Finance Lending's TVL rose from $28 million to $86 million, driven by deposits in ALGO, gALGO, and USDC.