Quoll, a yield farming platform on the BNB Smart Chain, has experienced a significant surge in its total value locked (TVL), climbing from nearly $1 million on November 26 to $13.7 million, according to DefiLlama. This marks a new record for the platform, which had been largely inactive since its 2022 launch.

The recent spike in TVL is largely attributed to the native token of THENA, a decentralized exchange on the BSC chain. Released through a Binance Airdrop, THE token's market cap quickly rose to over $300 million. THE now dominates Quoll's TVL, accounting for 96% of its total value.